SHLD - Sears Holdings Corp - Page 2

GOLDMAN DOWNGRADES SEARS HOLDINGS

http://www.businessweek.com/investor...ndex_investing

Should be a good flipper for at least a few days, I see this climbing back to at least $100 imo, which could be about a 10-15 % gain, Im going to wait for a dip tommorow, it should gap in PMT and early trading, I dont want to pay more than $90 .

Jim Cramer the idiot pumped this a couple years ago, I bought in back then around 130, and sold at 160 range, so these prices look very attractive right now to me the next time I buy this, I would like to hold long term


AP
Report: Sears to Reorganize Into Units
Sunday January 20, 7:53 am ET Report: Ailing Sears Holdings to Break Into Separate Units As 4Q Forecast to Miss Estimates
HOFFMAN ESTATES, Ill. (AP) -- Sears Holdings Corp. plans to reorganize into several companies in another bid to pull the ailing 121-year-old retailer out the doldrums, according to a report published Saturday.
The restructuring could create separate units to manage Sears real-estate holdings and run brands such as Diehard and Craftsman, the Wall Street Journal reported.
Edward Lampert, the hedge fund kingpin and Sears Holdings chairman, sees the move as a way to revitalize the company in the face of tough competition from companies like Wal-Mart Stores Inc., the newspaper said, citing unnamed people familiar with the situation.
Details, including which units might run the Hoffman Estates-based company's 3,800 Sears and Kmart stores in the United States and Canada, weren't clear.
Spokeswoman Kimberly Freely issued a short statement Saturday confirming Sears Holdings is "introducing an organizational structure that provides operating businesses with greater control, authority and autonomy." She declined to comment further.
Analysts say the changes contemplated by Lampert -- who acquired Kmart in 2003 and Sears, Roebuck and Co. in 2005 -- run against prevailing trends where retailers try to craft a single, cohesive business image.
"He's looking to turn it around by using a different approach," said retail consultant Walter Loeb. "I think it's risky."
On Monday, Sears Holdings told investors it would likely post fourth-quarter earnings well below Wall Street forecasts as eroding sales push its profit down as much as 57 percent.
It expects to earn between $350 million and $470 million, or $2.59 to $3.48 per share, for the quarter ending Feb. 2 -- far less than the $4.43 per share sought by analysts surveyed by Thomson Financial. Sears earned $820 million in the fourth quarter a year earlier.
Sears blamed growing competition, a slowdown in the housing market and consumers' credit fears for slumping sales figures.

In at $86 this morning, currently @ 88.16X88.25

Ahead about $8 per share in a half hour this morning

HOD of 100.50

Out at $96, a full $10 profit per share in 40 minutes this morning, I will wait for a dip again, if there is one

Well I guess I sold to quicly

It still could dip

Some good entry points may open this week

AP
Sears' Lewis to Step Down As CEO
Monday January 28, 9:25 am ET
By Ashley M. Heher, AP Business Writer Sears Names Johnson As Interim CEO, Aylwin Lewis to Step Down As President, CEO
CHICAGO (AP) -- Department store retailer Sears Holdings Corp. said Monday that its president and chief executive would step down at the end of its fiscal year this week, the latest blow for an ailing company that's struggling to connect with customers and invigorate slumping sales.
Aylwin B. Lewis will be succeeded by W. Bruce Johnson, an executive vice president of supply chain and operations who will fill the role on an interim basis. The company is controlled by chairman Edward S. Lampert, the hedge fund kingpin who has recently announced plans to reshape it.
The 121-year-old retailer, which owns 3,800 Sears and Kmart stores in the U.S. and Canada, has been plagued by falling sales and increased competition from companies such as Wal-Mart Stores Inc. and Target Corp.
Lewis, 52, was an executive at fast-food chain Yum Brands Inc. with little retail experience when Lampert hired him to become president and CEO of Kmart in 2004. A year later, he assumed the same role for Hoffman Estates-based Sears Holdings.
The company said Monday that Lewis will also resign from Sears' board.
"We are entering a new phase in Sears' evolution as a multichannel retailer, as reflected by the new operational structure we recently announced, and the board has determined that now is the right time to put in place new leadership to take the company forward," Lampert said in a statement.
Johnson will continue to be a member of the Office of the Chairman. He joined Kmart in 2003 as senior vice president of supply chain and operations and at the time of Sears' purchase of Kmart was appointed executive vice president of supply chain and operations for the combined company.
He was named to the Office of the Chairman in 2005 and took on store operations in 2006.
Before joining Sears, Johnson was a supply chain executive at French retailer Carrefour SA.
Lampert, who acquired Kmart in 2003 and Sears, Roebuck and Co. in 2005, announced plans last week to change its organizational structure in an effort to improve performance. The new structure will include five types of units: operating businesses, support businesses, brands, online and real estate.
The reorganization announcement came after Sears gave investors its latest round of bad news, announcing it would likely post fourth-quarter earnings well below Wall Street forecasts as eroding sales push its profit down as much as 57 percent.
The company said it expects to earn between $350 million and $470 million, or $2.59 to $3.48 per share, for the quarter ending Feb. 2 -- far less than the $4.43 per share sought by analysts surveyed by Thomson Financial. Sears earned $820 million in the fourth quarter a year earlier.
Retail consultant Howard Davidowitz, who is chairman of Davidowitz & Associates, said he questions how Sears can embark on such an ambitious restoration plan without a full-tine chief executive at the helm.
"This is further chaos at Sears," said Davidowitz, who has long been skeptical of Lampert's ability to successfully run a retailer. "The company is in free fall with an interim CEO and things look more chaotic than they did before and the worst is yet to come."
Meanwhile Monday, Sears disclosed in a regulatory filing that it may still be interested in acquiring retro-themed retailer Restoration Hardware Inc., but for a lower price than its tentative $6.75-per-share November bid.
Sears, which owns 13.7 percent of Restoration Hardware, said it was evaluating the latest private equity offer for the Corte Madera, Calif.-based company "in order to understand the implications for any deal that Sears Holdings might contemplate."
Last week, Catterton Partners lowered its bid for the home-furnishing store by more than $2 per share to $4.50 per share, or about $179 million, amid a weak housing market.
Sears shares, which reached a high of $195.18 in April, closed Friday at $99.00.
http://www.searsholdings.com

Sears Holding Eliminates Another 100 Jobs From HQ Due To Weak Sales

hurtin for certain

Opened a new position yesterday, should be an easy 20 %, I already have my sell order stet for $100, lol

HOD of $86

Only $14 to go til my sell order

Got in yesterday in the low $80's, closed at $91.56, thats a quick 10 % +++, only 10% to go for my 20% profit on this, sell order still set at $100

Getting ready to crack $93

Sell order set for $100 for a 20 % profit

Dude I hope you sold!

This chart showed "Overbought" when it hit $92 which is where I shorted it.

It was due for a correction. If anything, this is just a bear rally and will continue to fall. I think it will see $83 again before it sees $92.

This may be a semi-correction for the 2 month slide it's been in. Even if it does go up, it has strong resistance at $92 from previous fall thru that support in March plus it has the 200 MA as overhead resistance at $98

Good luck

Well, it looks like the market and SHLD put together a serious run on Friday that sent this sucker back to $93 momentarily and proving me wrong on the previous statement.

However, I still think it's going to pull back a little more, but if this sucker runs on Monday and breaks above $93, then I'll be wrong altogether and this thing could go to $100.

So we shall see. I did sell my Puts for a 50% profit so I'm good.

Still holding for my sell order of $100, with about a 20% profit

wow

Back in my radar again, this looks awful tempting in the 40's

Friday, October 24, 2008 - 2:30 PM EDT
Layoffs in store for Bay area Sears, Kmart
Tampa Bay Business Journal - by Margaret Cashill Staff Writer

Sears Holdings Corp. will layoff nearly 140 employees with the closing of a Sears store in St. Petersburg and a Kmart store in Sarasota around the end of the year.

A Kmart store on Tamiami Trail in Sarasota will let go 50 employees on Dec. 29. Less than two weeks later, a Sears store on Ninth Street in St. Petersburg will let go 89 employees on Jan. 11, said Worker Adjustment and Retraining Notification notices published by the Florida Agency for Workforce Innovation.

Both stores are closing due to underperformance, said Kimberly Freely, spokeswoman for Sears Holdings (NASDAQ: SHLD). These are the only two closings planned for Florida, she said.

The company will offer severance to employees who qualify, Freely said.

With about 3,800 full-line and specialty retail stores in the United States and Canada, Sears Holdings has about $50 billion in annual revenue. The company formed after Kmart and Sears merged in 2005 and is based in Hoffman Estates, Ill.

The value of their real estate is probably worth more than the current PPS, imo...