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Sprint Corporation Message Board

  • txsob1 txsob1 Jan 31, 2000 4:09 PM Flag

    Morgan Stanley Dean Witter says...

    Quote:

    "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
    rate projection.

    Key Investment
    Positives

    ? 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
    franchises.
    ? The company?s growth strategy is driven by square
    footage growth, store remodeling, expense reduction,
    strategic sourcing initiatives, and smarter
    merchandising.
    ? 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.
    ? Potential
    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
    way."

    (End quote)

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • 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.


      Sorry.

    • Sears infuriated me so much this weekend that I
      sold my stock today and canceled an order.

      I
      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
      charges.

      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.

      • 3 Replies to Make_Me_The_Money
      • 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
        Sears.
        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..."

        I'm
        slightly confused by your post. If there was not another
        snow storm on the the way, would you still have sold
        your stock?

        Scratching my head,
        Valhallla

    • It's so hard to decide who to listen
      to...NOT.

      embeay why have you not denied having multiple aliases.
      I guess if the shoe fits....

      Sears up 1%
      YTD

      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!

 
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