from my understanding of retail....1st quarter is a red one..........no-one should expect a profit this quarter..if Sears were to be profitable 1st quarter, it would be "Katie bar the door" for buyers of this company
ANSWER: they were not anticipating prolonged dollar strength, low oil prices, nor just how successful the REIT transactions were going to be. Maybe having a money guy running a retail play ain't such a bad idea..Engineers are often hired as CEO's, in leu of Masters in Business...cause the engineers "know how to focus deep and solve problems"..Perhaps a retail play like Sears needs a money guy, cause he "knows how to make money"...Hang in there Eddie! (The drop in unemployment and the constant influx of Mexicans doesn't hurt. Mexicans are used to shopping at Sears, and it is very well thought of in "Lindo Mexico"..
man you are out of touch with Mexican Americans..and they are the growing sector of the country......Sears is high profile in Mexico, and they bring their shopping patterns and habits here...the Sears stores im my area look just right..Sears has quality merchandise....no not for the Nordstrom shopper,tho
Wife and I went to North-Riverside Mall in the near west burbs of Chicago..A busy mall with many stores, that caters to a decidedly blue-collar clientele..Mall always seems busy to me. Checked out Sears, and as usual, full of Hispanic families, mostly Mexican.. Seems to be a cultural thing..the whole family goes..Mall concept appears alive and well for this group... Sears quite busy, and those empty shelves that short-seller shows on his video..a real mis-representation.. Shelves well-stocked. I bought a short sleeved shirt, cotton excellent fit and farbric, and even my wife agreed..also bought khaki shorts..perfect fit, slt elastic to the waist...both very inexpensive...Craftsman area of store well-stocked, and these Mexican guys are "do-it -your-selfers"...I know the excitement here is the realty play, and the REIT..but the retail side of Sears is on the comeback trail....IMHO
when I shop with my wife, I can visit 3 Sears stores...NORTH-BROOKFIELD MALL, OAKBROOK MALL, HARLEM AND NORTH IN CHICAGO....none of them at all look like Sozzi's picture of empty shelves,, sponsered by Cramer. Why put out dishonest deceptive pictures? Did the shorts figure on this prolonged low interest environment, strong dollar, and cheap gas all of which helps the bottom line of retailors? Probably not!! I returned my chino pants to eddie bauer, did not fit right, and cheap material..and bought a pair at Sears for half the price. Usual crowd of Mexican families shopping at Sears, along with others. Real estate is half the story..retail is slowly turning for sears IMHO.
this is a quotation from the 1602 play Hamlet by Shakespeare. It has been used as a figure of speech to indicate that a person's overly frequent and vehement attempts to convince others of something have ironically helped to convince others that the opposite is true, by making the person look insincere and defensive. This is my opinion of the negative short position here, led by Sozzi who has a huge short position. I will keep a modest long position here. In my area of Chicago, Sears stores look nothing like the picture Mr. Sozzi shows, and the stores are filled with Mexican families shopping, the growing segment of our population!
I agree that it can go both ways...I am what I am, not a paid pumper...I know nothing about the rocket sears guy..i only think he might be correct, and might not ..I do resent you saying "a smart guy like you" to me..an obvious insult implying I am not smart. I will not stoop to insult you back...but I agree there is both pumping and bashing.
I have a modest long position here, and will not increase my exposure. But for anyone relatively new to the stock market YOU CAN'T FULLY TRUST COMMENSTS AND EVALUATIONS FROM FUND MANAGERS,STOCK GURUS, TV ANALYSTS. THE SHORT POSITION CAN PLACE NEGATIVISMS FOR HIRE BY THOSE TO MAKE IT EASIER FOR SHORTS COUGHT WHO NEED TO GET OUT. SO YOU WILL READ OFFICIAL SOUNDING BUT OCCASSIONALY FALSE NEGATIVE COMMENTS ABOUT SEARS. I WOULD NOT BUY TOO MUCH OF ANY SINGLE STOCK, BUT DON'T LET PAID BASHERS SCARE YOU OUT OF YOUR SHARES.
i am long sears i know this may sound dumb but if they are a tenant store in these malls, how does it help sears if they have a new mall owner..thanks for a respectful answer!!
of course its holding up well so much controlled by insiders.....I AM LONG A MODEST POSITION!!!
strong dollar making softline sales more profitable...this is a business environment well suited for Sears..
think Mr Sozzi has a large short position here?????.....Anyway, I have a small long position..I won't sink if this does!!..Went to Sears at North Riverside Mall in near west Chicago suburbs..Store very busy with long lines and MANY, MANY MEXICAN FAMILIES!!..True yesterday was a busy shopping day in the mall(?)..but I still think the Sears good name in Mexico, is translating into many new and loyal customers in this huge growing wave of our population. How this fits in with Sears chances for survival..I don't rightly know!!
short position going to extreme lengths to try and sour the street towards Sears.
this stock has a lot of future..and will not sell off this afternoon (IMHO)..so don't wait for that...many shorts to cover, and many will wnt in.......this will have a good year.......THIS IS IN THE 3RD INNING!!!
this is the preferred sandwich/soup/salad shop for young people here in Chicago and burbs.......Panera popular also....but the young have taken over this place.....growing, growing..!!!!
obama..best president in history...the job gets more and more complex each decade....like Jack Johnson the great boxer WRONG COLOR FOR MANY WHITE MEN!!!