"At less than 8 times our 2000
earnings estimates, and with the chance for solid
near-term performance as well as the strong potential for
earnings upside for earnings upside surprises throughout
2000, we rate shares of Sears Outperform. Our target
price is $42 is based on roughly 10 times our 2000 EPS
of $4.30, in line with our long long-term growth
? Strong brand franchise. Sears has one of the most
enduring franchises in the United States, and its real
estate is among the best in the business. Sears has
relationships with nearly 60% of all U.S. households. The
company?s private-label products enjoy top market share,
strong consumer awareness, and powerful brand-name
? The company?s growth strategy is driven by square
footage growth, store remodeling, expense reduction,
strategic sourcing initiatives, and smarter
? Off-the-mall format growth. Sears continues to
expand its off-the-mall format, which is freeing up mall
space for higher-margin goods and setting the stage for
potential acquisitions in related business.
growth of Home Services. Home Services is one of the
higher-potential growth segments of Sears. Through a network of
15,000 service technicians, Services offers repairs on
all major brands of home products, as well as
maintenance agreements, residential heating and cooling
systems, siding, window replacement, roofing, pest
control, carpet cleaning, and other home improvement
services. The U.S. home-services market is highly
fragmented, giving Sears a significant opportunity to be a
consolidator, in our view.
We are encouraged by the
momentum that has continued for the last three months.
Although it is still early, we think these positive signs
are a tangible result of better execution of the new
marketing and merchandising initiatives currently under
Out of the frying pan and into the fire. KM still
has more to go on the down side. Expect a small rally
to 9 1/8 and then a reversal to new lows.
You sold S for emotional reasons. Perhaps you will be
able to scalp a fraction off of KM.
Sears infuriated me so much this weekend that I
sold my stock today and canceled an order.
had made an appointment Wednesday for them to come
and fix my snow blower this Saturday. In the morning
they called and said they would come between 3:30 and
5:00 PM. At 4:30 I get a call that they can't make it
out and will have to reschedule. Well under normal
circumstance this might not have been so bad but, with another
snow storm predicted for Sunday it was unreasonable to
leave me stranded. If a local repair person had the
same problem, they would have made an exception and
worked on Sunday. Unfortunately most of the local repair
people don't want to work on Sears products so, you're
stuck paying the exorbitant repair costs Sears
Well I was up at 5:00 AM this morning shoveling my 300
ft driveway. I'll never shop at Sears again. On the
bright side, I did finally find a local repair guy that
will fix my Sears products. He picked the snow blower
up today. It's fixed and the whole repair bill was
only half of what Sears service call would have been.
Sears made me so happy this weekend that I bought
more stock and ordered more merchandise.
I had made
an appointment Wed for them to come and fix my snow
blower this Saturday. In the morning they called and
said they would come between 3:30 and 5pm. I thought
that was great considering the amount of snow we have
had , they must have their hands full. They showed up
a little late by I was understanding considering we
have another storm coming.
I was up at 6:00 AM this
morning plowing my 300ft driveway. I will always shop at
I understand that despite a major snow storm they
may be late but they will get to me. Patience and
understanding is what I gave Sears and it payed off. Meanwhile
my neighbors have a snowthrower from somewhere else
and couldnt get anyone to fix it. At 4pm yesterday he
found someone but it was more than half the price I was
charged by Sears.
I do not blame you for being upset. Sears has a
long road ahead of them when it pertains to improving
service. One thing that bothers me is the fact you say
others wont touch Sears equipment. I know this is true
and there is no logical reason for this other than
you did not buy from the home town shop. Sears
snowblowers are made by Noma and MTD. The same machine is
sold at Walmart, K-Mart and under other brand names
like John Deere and Cub Cadet. Minor cosmetic changes
differ but parts are shared between most models. No one
can beat the home town guy for service. Good luck and
keep extra shear pins on hand as they are designed to
break if ice chunks block the auger.
Make_Me_The_Money said :
"At 4:30 I get a
call that they can't make it out and will have to
reschedule. Well under normal circumstance this might not
have been so bad but, with another snow storm
predicted for Sunday it was unreasonable..."
slightly confused by your post. If there was not another
snow storm on the the way, would you still have sold
Scratching my head,
It's so hard to decide who to listen
embeay why have you not denied having multiple aliases.
I guess if the shoe fits....
Sears up 1%
Retail sector down -14%, S&P down -12%, nasdaq down -6%,
Dow down -8%.....
Tell us when you are going
to short Sears again
so we'll know when to buy
more. When exactly did you predict $20? I doubt you'll
be specific because it will re-affirm what most of
us know already. You're clueless!
embeay....How can anyone tell who is for
Anyone who wants to post a legitmate reason as to why
Sears may go down is suspect of being you.
message is truely not for your benefit, but more for
those who are new to our board.
stands for itself. You never denied having multiple
identities. Another 20 posts and maybee you'll make a valid
point. The thing is most people don't even bother
reading your posts.