**OT - SHLD
Why is there no SHLD board on SI? Because people make too much money in it and there's not a lot to discuss or evaluate. It's location, location, location, real estate, real estate, real estate, and cash flow, cash flow, cash flow.
Buy under $117, or reevaluate if it holds above $125.
There must be others who see the difference between a stock and an operating business. It's not a "silicon" stock. Or, people who know keep it to themselves.
But Sears Holdings and Apple are the only large stocks I know of that were up over 200% in 2004 and 100% in 2005:
Sears Holdings
2004 313%
2005 168%
Apple Computer
2004 201%
2005 123%
[past performance is no guarantee of future results]
SHLD bought back $500 million of stock at a little over $118 starting in September or so last year, and announced another buyback of $500 million when it was trading about $115 that is not reflected in the 10-Q shares outstanding as of 10/29/05 which is what the data services use. There are about 157 million shares now. Lampert controls about 42%.
After the quarter ended, Sears Canada sold its credit card business for $1.9 billion 11/15 to JPM, and declared a dividend of the $1.7 billion after-tax proceeds, and Sears Holdings used its after tax share to tender for the 46% of Sears Canada it didn't own.
The stock seems bound by $125 and did so again today. |
