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  • jellero jellero Jan 30, 1998 3:31 PM Flag

    Sears charges for dividend reinvestment

    does anyone have any idea what the future is for sears stock? it is just dragging me down and i'm about to bail... any words of encouragement? any rays of inspirational sunshine? check out say... modt- up 44% since christmas when i bought it. i'm wondering why i keep waiting for sears to get moving. any news would be appreciated. j

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    • Sears is going to be under earnings pressure for a least the first quarter possibly longer until the credit end of the
      business becomes profitable again. Sears reserved almost 2/3 of a billion ...$630,000,000 for poor performing credit accounts. The
      Chairman was quoted as indicating that the credit problems would impact the first quarter of 1998 and possibly into the second
      quarter as well. The credit reserve of 630 million was taken in the fourth quarter causing serious short term concerns going
      forward. The stock was also recently downgraded by one brokerage house. I'm staying for the long haul as it appears the other
      fundamentals are strong.In addition to that Warren Buffett still holds the 1,000,000 shares of Sears that he purchased a couple of years
      ago in Berkshire Hathaway. Good luck

      • 1 Reply to pbjb6
      • it's nice to get some info, thank-you. sometimes this board can be very entertaining... i tell people that don't have any credit to go to sears and get a card as they give them to anyone. i once got one for my dog. i may be a bit too impatient for this stock but don't know where else to go, maybe wal-mart. check out modtech, it has been doing very well but i hesitate to own any more of that one stock.j

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