First time in long time I saw K-mart mentioned with Yahoo as owners of Bluelight. First ad on TV in long time it was on Disney Sunday Nite. First Time I saw 6 checkout lanes open and many people checking out There wasnt even long lines. The only difference with Walmart was the checkout girl stands in front of checkout and greets the costumer if she is not checking out people.
i'm in at 11-1/4 unfortunately. whenever i see pre tax charge it usually means really bad news for the stock price. i have the following questions: 1. with a pre tax charge of 740 million, does that mean that kmart will lose money this fiscal year? 2. how much does 740 million lower the earings per share? 3. will the p/e go up high, possibly above 20 or 30 or more making the stock price expensive? 4. how much did kmart pay for bluelight.com and are they still paying for it? 5. realistically, how low can kmart's stock price go? 6. should i wait for the conference call to see if the stock jumps? 7. should i just get the hell out right now? any sincere replies will be greatly appreciated.