or Connect
HotStockMarket › Forums › HSM Stock Forum › Stock Message Boards NYSE, NASDAQ, AMEX › SHLD - Sears Holdings Corp
New Posts  All Forums:Forum Nav:

SHLD - Sears Holdings Corp - Page 3

post #41 of 231
i worked for sears for a year.. im telling you its not looking good for them in the long-run
post #42 of 231
Up from the 40's to the mid 60's today, just 5 days

Quote:
Originally Posted by mmm...Jaz View Post


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.
post #43 of 231
30
post #44 of 231
How do these massive companies just lose 80-90% of their value in such a short time period? drys, coal stocks....

This is not a buy and hold investor's world anymore, you'd get killed.

Everything seems to be speculation now.
post #45 of 231
Im considering shorting SHLD on Monday. I cant see Sears holding up against the competition (Walmart, etc). With people not buying homes and spending money on remodeling, their appliance sales must really hurt them. It also seems like people shop at Electronic specialty stores (Bestbuy, Expo, etc) over Sears.

If this 4 day Bull rally takes a dip, I think SHLD will fall hard with it.

SHLD offers no Divi where as BBY and M do, yet trades at near 12x P/E, compared to BBY (7x) and M (4.5x).

Any other opinions?
post #46 of 231
As a trade you can scale into a short on SHLD in the high $30's and low $40's while having a stop near the high $40's and a primary target in the low $30's and a secondary target in mid $20's.

I'm aware that the price ranges that I giving you are pretty wide but I haven't done a complete and comprehensive technical view of the stock. It's a trade with a high risk if the market doesn't go down but if we see a re-test of those lows soon on the DOW, your defintely going to see a $20 handle on SHLD.

No retailer looks appealing to me right besides BJ's, Wal-Mart and Costco.

Quote:
Originally Posted by Wisky View Post
Im considering shorting SHLD on Monday. I cant see Sears holding up against the competition (Walmart, etc). With people not buying homes and spending money on remodeling, their appliance sales must really hurt them. It also seems like people shop at Electronic specialty stores (Bestbuy, Expo, etc) over Sears.

If this 4 day Bull rally takes a dip, I think SHLD will fall hard with it.

SHLD offers no Divi where as BBY and M do, yet trades at near 12x P/E, compared to BBY (7x) and M (4.5x).

Any other opinions?
post #47 of 231
They just started a layaway program in all of their stores for the holiday season.
post #48 of 231
Quote:
Originally Posted by xmaddchillx View Post
i worked for sears for a year.. im telling you its not looking good for them in the long-run
I still work at sears. In one year I have received 3 pay raises and a job promotion. I work hard. They reward hard work. It is very well managed. I work in shipping/receiving/merchandise pickup. On black friday our Tucson, Arizona store had over a million dollars in sales.
post #49 of 231
just busted out +5
post #50 of 231
Didn't Sears just posted a profit loss?
And this stock is up like 18%...
post #51 of 231
Quote:
Originally Posted by Butcha View Post
Didn't Sears just posted a profit loss?
And this stock is up like 18%...
It's certainly interesting, considering that not only did they just post a quarterly loss, but the loss was double what analysts predicted.
post #52 of 231
if it made sense everybody will be rich
Quote:
Originally Posted by Rishodi View Post
It's certainly interesting, considering that not only did they just post a quarterly loss, but the loss was double what analysts predicted.
post #53 of 231
Sears posts larger 3Q loss on weak US, Kmart sales
Tuesday December 2, 6:52 pm ET
By Ashley M. Heher, AP Retail Writer
Sears reports larger-than-expected loss as charges, poor sales hurt results

CHICAGO (AP) -- Sears Holdings Corp. posted its biggest quarterly loss since financier Edward Lampert combined Sears and Kmart into one retail company, due mainly to hefty charges related to store closures and disappointing U.S. sales.

The company also withdrew its operating profit outlook because of the country's economic woes. Its stock soared nearly 17 percent, however, amid broader market gains after the retailer announced it was closing more underperforming stores and hiring a trio of new executives.

Still, the $146 million third-quarter loss -- worse than had been expected and the company's second quarterly loss in the past year -- is another sign of how difficult it will be for the venerable retailer to right itself amid growing competition and customers who are shopping at its stores even less than before because of the recession.

"They're struggling in this difficult economic environment and their exposure to home-related categories like appliances is not helping," said Morningstar analyst Kim Picciola. "They are really holding on, trying to skate by and trying to weather the storm."

Sears, whose proprietary brands include Kenmore and Craftsman is in the midst of a high-stakes restructuring aimed at reconnecting with shoppers and reinvigorating its sales at established stores, which have been dropping for nearly three years. Meanwhile, the company continues to search for a permanent chief executive to replace Aylwin Lewis who left in February.

Sears Holding, formed after Lampert acquired Kmart in 2003 and Sears, Roebuck and Co. in 2005, posted a loss of $1.16 per share for the three months ending Nov. 1. That compares with a profit of $4 million, or 3 cents per share, in the same period last year. Excluding a charge related to 14 store closings and gains on Sears Canada hedges, Sears posted a loss of 90 cents per share in the latest period.

Revenue dropped more than 8 percent to $10.66 billion from $11.62 billion as sales at established Sears department stores slid 10.6 percent in the U.S. Same-store sales at Kmart, the company's discount brand, slipped 7 percent. Total same-store sales, a key retail industry metric of sales at stores open at least a year, sank 9 percent.

Analysts surveyed by Thomson Reuters expected a much smaller loss of 49 cents per share on higher revenue of $10.93 billion.

Standard & Poor's Equity Research analyst Jason Asaeda said he was pleased by the Hoffman Estates-based company's "aggressive closure" of 14 underperforming stores, along with the planned shuttering of eight more.

"But we see ongoing challenges in merchandising and marketing," he said in a statement.

Sears said it will take a pretax charge of $21 million in the fourth quarter related to the closing of the eight underperforming stores. That's on top of a $101 million charge it recorded in the third quarter for costs associated with closing stores and asset impairments. The company said it will keep evaluating additional store closings or divestitures, remodels, acquisitions and stock and debt repurchases to boost its financial flexibility.

Meanwhile, Sears withdrew its forecast for earnings before interest, taxes, depreciation and amortization, citing the severe economic slowdown.

In August, the company had said EBITDA in the second half of the year would exceed 2007 levels, but full-year results would be comparable year-over-year. The forecast had assumed flat to modest same-store sales declines in the third and fourth quarters. But third-quarter same-store sales ended up dropping off sharply and in November, domestic Sears and Kmart same-store sales fell a combined 8.7 percent.

Thru Nov. 1, adjusted EBITDA totaled $722 million, less than half the $1.52 billion reported as of Nov. 3, 2007.

Aside from closing underperforming stores, Interim Chief Executive and President W. Bruce Johnson said Sears has prepared for a challenging holiday season by cutting inventory and reducing expenses. The company also began promoting layaway programs at Kmart and resurrected the program at Sears to give shoppers another payment option. Layaway programs enable customers to make small payments toward the purchase over a set period of time.

"We believe we have positioned ourselves well for a difficult holiday shopping season," Johnson said.

Among the newly hired executives is former Lehman Brothers Holdings Inc. executive Scott Freidheim, who will be the company's new executive vice president of operating and support businesses.

Sears also boosted its stock buyback plan by $500 million. The company had repurchased 1.4 million shares during the third quarter. The retailer had about 123.6 million shares outstanding as of Nov. 28.

Sears shares climbed $5.36, or 16.8 percent, to $37.20 in midday trading Tuesday.
post #54 of 231
I have worked at Sears for 3 years, I got a raise from 7.15 to 7.50 last year, because MINIMUM WAGE WENT UP!

Business has been picking up due to the holiday season and it being the low end of retail helps in this economy.

The value of their brands such as Die Hard, Land's End, Craftsman, Kenmore etc. is expected to be worth more than the current share price.

If the company decides to sell itself or break itself off into the brands, it might be worth it. They also own a lot of real estate.

I was waiting for the earnings report to be bad, and then buy, but the stock went up.

I think it is heavily shorted, and the buy back announcement might have made it pop.

Eddie has been buying shares since like 180$, I heard his average was like over 100$.
post #55 of 231
Tanking big today
post #56 of 231
+20% wowzers
post #57 of 231
Quote:
Originally Posted by 708_Ryda View Post
+20% wowzers
This move doesn't really make any sense, it's been heading down slowly during the last few days, now up big for no reason, probably a good idea to pickup some puts actually.
post #58 of 231
To be sure, some chains managed gains. Shares of Sears Holdings rallied almost 18% as the chain said that its fourth-quarter earnings would top analyst estimates.
post #59 of 231
up 21%
post #60 of 231
Up 10%....time to short? 55% loss of profit! LMAO
New Posts  All Forums:Forum Nav:
  Return Home
HotStockMarket › Forums › HSM Stock Forum › Stock Message Boards NYSE, NASDAQ, AMEX › SHLD - Sears Holdings Corp