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Sears Holdings drops below $100...time to buy??
2007-12-07 02:37:00 Management has been frank in admitting mistakes. "We cannot blame our results entirely on the retail and macro-economic environments. We have much on which to improve and are working hard to do so," said Aylwin Lewis, Sears Holdings' chief executive officer and president.
Sears Holdings Corporation (SHLD) Profit Plummets
2007-11-29 15:12:00 Sears Holdings Corp. reported a 99 percent drop in third-quarter profit Thursday on weak sales at its Sears and Kmart department stores and continuing investment losses under hedge-fund manager Chairman Eddie Lampert. Its stock plummeted in premarket trading.It was the worst quarter since Lampert formed the company by combining Sears and Kmart in March 2005, heightening questions among investors about Lampert's strategy for reviving two faded chains. The company signaled little hope for improvement in the near future.Sears shares tumbled $11.34, or 9.75 percent, to $105 in premarket trading - far off its all-time high of $195.18 in April.
By: Jim Cramer Blog
Sears Holdings Guidance Knocks Share Price
2007-07-10 13:59:00 Pre-Market trading activity in Sears Holdings (SHLD) is pointing to an incredibly lower open on negative earnings guidance. The retailer reported that the company expects to report $1.06 to $1.32 this quarter, while most analysts were expecting $2.12 per share. CEO, Alywin Lewis, came right out and said that this was going to be a ...
By: Market Matador
Poor Q1 Earnings for Sears Holdings and the $200 Price Target
2007-05-06 08:33:00 “Sears Holdings Corp. (SHLD) Chairman Edward Lampert told shareholders that after spending a lot of years ‘in the weeds,’ the parent of Sears Roebuck and Kmart stores is now in a cash-flush position to put more meaningful investments in stores and operations, as well as to target acquisitions.” (SOURCE) After a lackluster first quarter out of ...
By: Market Matador
Early Morning Re-Focus on Sears Holdings
2007-05-04 15:45:00 To start the day, Sears Holdings (SHLD) immediately tanked on poor Q1 news. Shares were down more than $9.00 per share at the start of today’s trading, but quickly gain upward momentum. “The company said same-store sales fell 4.7 percent at Kmart due to fewer transactions across most businesses and dropped 2.4 percent at U.S. Sears ...
By: Market Matador
Sears Holdings On Path for a Share Price of $200
2007-04-08 22:34:00 Lampert has long been regarded as one of the best investors of this era. Amassing a quiet fortune, valued in the billions, Edward S. Lampert is now in control of the first investment bank retailer. Currently, Lampert is the chairman of Sears Holdings (SHLD), he is known for breaking down the numbers and figuring the ...
By: Market Matador
Sears Holdings Securitizes Its Brand Names
2007-04-06 19:57:00 According to a story in Business Week magazine, there is more evidence that Eddie Lampert's Sears Holdings (SHLD) is a lot more than just a company that has supposedly lost its relevance in consumer retailing. A move to securitize the...
Analyzing Sears Holdings (SHLD)
2007-03-06 06:02:00 SHLD Reported Q4 EPS of $5.36 vs. $3.98 previous year, which beat Street estimates of $5.18. Results were driven by improved gross margins and EBITDA (which grew at robust 15.8% annually and EBITDA margins expanded +133bp, the 8th consecutive Q of expansion), which were better than expected at Sears Domestic & Kmart but not so great at Sears Canada. SG&A rose $100 million and the resulting deleverage limited margin expansion to 8.7%. SHLD has always focused on increasing ROE for shareholders, be it through dividends or acquisitions, especially through Eddie Lampert's trading acumen (i.e. Total Return Swaps) of wisely investing SHLD's cash horde. During all this time, Eddie Lampert has kept his eye on improving the profitability of the core business.Sears Domestic Business was better than expected in Q4 even with SSS decline of 4.9%, which was better than Street estimates of 5.6% decline. While SSS declined across the board, i.e. home appliances, these declines were partially o... |
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