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Sprint Corporation Message Board

  • kashyg kashyg May 5, 1998 1:46 PM Flag

    JEWLBOY

    DOW DOWN 73POINTS AT 10:45AM PST, SEARS (S)UP 1.63% OR +15/16...
    just the a fact.....k

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    • Same as last year pretty much. Most of the
      discussion after Martinez spoke was about 1 of 3 topics. 1.
      Retiree life insurance with all the retirees not happy
      about it. 2. the credit reaffirmation with again most
      unhappy that we as shareholders are paying the debt for
      people declaring bankruptcy, and 3. the circus and
      cruelty to animals. Pretty typical as it goes for
      companies that are doing well. I have been to several
      shareholders meetings this year and they all seem to be the
      same when the company is doing good. Stock looks like
      it is doing exactly what most of us thought and I
      think we will see it hold in this area for another
      month or two. I really think 2nd quarter earnings are
      going to be the key. Stay tuned.....

    • your assessment is correct. Artie is killing the
      company. There are serious morale probs. with the long
      time[full time-long term] employees. Arties goal is to
      drive the stock to 100 by 2000. It'll never make it.
      That's why they started a employee's option plan to buy
      at 15% discount. The retired employees are getting
      cuts to their benefits. The company's trying to figure
      out what the prob. is by dumping cash on more
      mid-managment but the key is simple. Take care of the key
      personnel that make it run, the long term employees. The
      bankrupt hassle has cost shareholders 700 mil. already.
      It's only the begining. I know as I'm on both sides of
      the fence as a shareholder & employee.

    • What we see here is an example of some good
      points and some bad info. Sears doesn't make any excuses
      who their customer base is, and as a shareholder I
      don't care as long as the stock price is increasing. I
      happen to believe Martinez is doing a good job. Maybe a
      little to aggresive in the early going when going after
      credit and that seems to be hurting now, but also under
      control. Sales have been strong for the 1st quarter and
      April should be right in line with that. My concern is
      2nd quarter and beyond. Martinez has a good
      reputation in the financial community of being an upfront
      person and in the wake of his comments early in the year
      about 1st quarter earnings being affected by credit and
      that was it I am concerned. He than said when he
      announced 1st quarter earnings that 2nd and 3rd could
      possibly be affected. It just sounds like he is covering
      up or setting up wall street. As far as some store
      close to bankruptcy..can't happen. The chain would have
      to declare not individual stores. For the retirees,
      well as someone ready to retire it is unfortunate but
      also indicative of several large companies over the
      past few years.

    • does anyone have any real facts to
      contribute..the last post was typical of our girl Chris.

      Sears seems poised to get over that 60 roadblock could
      be this week...see you on the other side.

    • i quit sears right after i posted this stuipd message, i can't beleive that i made an ass out of myself once again. sears and rest of management suck big time.
      just a fact.....k

 
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