"you just can't sell what he holds over night ....thre has to be a buyer ...are you going to buy it ??"
But... you're accusing Eddie of selling short. There has to be a buyer if you're selling your stock or selling short. The idea behind selling short is that you don't have the stock, you sell "short" by borrowing shares from your broker, then later, when the price has gone down, you buy shares on the open market (for less than you sold the shares earlier), and you have a profit. There's no reason to sell short if you already own the shares, because you won't be buying shares to deliver, since you already have shares. Seriously, do you understand this?
Theyve been very slow to close any owned stores maybe 25 in the last couple of years. Ive never owned sears but have been considering it. I havent bit because i dont think they are liquidating, but trying to transform which is hard to do. I can estimate their value although somewhat crudely in a liquidation, estimating potential earnings of a turnaround is more difficult. As far as walmart goes, its safe and solid if somewhat struggling. Its not 2011 cheap, but then again nothing in this market is.
Estimates are for a loss of 315 million....as usual.....there is no logical reason why they continue to operate as a going cocern under general accepted accounting principals....
per sean-erickson2000 , that is supposed to have some kind of value, so lets look at it
that is on page 15 of the 10-K filed 03/18/2014
of the 728 , 16 are in Canada , which SHLD does NOT own (51% and its up 4 sale)
they also include various others (13 are L.E.).....LOL
Gosh, that 728 getting trimmed ...LOL..now we are down to 699 total , which does include the 485 ghetto's
but wait ...we are not done yet
the 485 mall stores , SHLD owns ONLY the "Ghetto"...and the property owners want them OUT !!!
tight #$%$ Lampert has spent Zero, and let them run down
on top of that , out of the 485 , you have to subtract 125 Ghetto's that are held in Sears-Re
so now you have 360 Ghetto's
on top of that , how many have you heard closing this year
aas for WMT and the statement you actaully made sean-erickson..( why is market giving them a P/E of 15 )
well...duhhhh...even at $4.89 , it equals 15.11
as far as your penny trader #$%$...I owned WMT at $40 , and still own it ...and will own it 10 years from now , while SHLD files BK next year
every property SHLD owns has been listed for sale since 2006 ....and that is a fact ....I questioned that inside the company in 2006 !!!!!
the ghetto's are worth less now
you just can't sell what he holds over night ....thre has to be a buyer ...are you going to buy it ??
Eddie sells, and it crashes over night ......he would never get out in time ....he is out of card tricks ...he has been unloading when he can thru ESL ,and market has had enough of that also
only unknown now is when they file BK ......who is going to blink 1rst
you will see this gap down 60% one of these mornings , and that will be from $20"s then
Does that make any sense? Eddie owns lots of SHLD stock. Why would he sell short when he can just sell his stock?
Sears and Spirit delivery being taken to court. Sears made an appliance delivery and the house blew up. Killed 1 person delivery team did not cap the gas line and now a death. This happened in Brecksville ohio last year and is just going to court. Sears hires incompetent people to make deliveries with no back round checks and the lowest bidder to make deliveries and now the customer has paid a steep price his life. This should make the news all around the country soon. When will Sears take the customer first ? How many more deaths before they realize its all there fault..... I am willing to help the victim because I have direct knowledge of Sears practices.. I will keep you updated on the verdict... Sears is just as guilty as the delivery team.
Sentiment: Strong Sell
Sears shoppers are between dying and death. They won't be around much longer. Their children and grandkids wouldn't be caught dead shopping at Sears. Kmart is so dumpy, overpriced, and out of touch that it isn't long for this world, either. Commercial real estate isn't what it used to be. With shoppers increasingly buying online, who needs all these big storefronts? SHLD doesn't own most of its stores any way.
Eddie Lampert has sold you a shoddy bll of goods. SHLD is NOT a retailer. SHLD is NOT a hedge fund. SHLD is NOT a REIT. Game over - you're out of chips. ☺☺☺
I didnt say walmart was overvalued, just not cheap considering its recent struggles. I owned it a couple years ago which worked out really well but then it was at 13x and growing same store sales. And i calculate their trailing eps at 4.89. As far as sears goes, i do think their 728 owned stores which includes 485 sears domestic mall stores have value as do many of their below market leases.
They lost $194MM in Q2 last year. Looking for $400MM this year - $100MM from moving to free delivery on appliances and $100MM from the sequential trend in operating losses.
I don't think earnings are really important , investors are watching the banks , when banks start reeling them in, this stock will collapse over night , and I do mean collapse , most of the shorts are longs, holding it for protection
I imagine Eddie is holding the largest % of short interest