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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (3284)	1/27/2008 7:40:48 PM
From: Mark Marcellus	Respond to of 6370

Here's what the NY Times has to say about it: Saving Sears Doesn't Look Easy Anymore nytimes.com

To: RockyBalboa who wrote (3284)	1/28/2008 3:28:33 AM
From: Bill Wexler	Read Replies (2) \| Respond to of 6370

Jim Cramer has been humping SHLD forever...and painting Eddie Lampert as some sort of new Warren Buffett.

To: RockyBalboa who wrote (3284)	5/29/2008 7:47:40 AM
From: RockyBalboa	Respond to of 6370

SHLD -------> old school, chainsaw Al Sunbeam type... and it did not prevent Sears from losing money AP Sears Holding swings to 1Q loss on slumping sales Thursday May 29, 7:33 am ET Sears Holding swings to a 1st-quarter loss as increased promotions and markdowns hurt margins HOFFMAN ESTATES, Ill. (AP) -- Sears Holding Corp. swung to a $56 million first-quarter loss, the retailer reported Thursday, as its customers were forced to spend more of their money to cover the soaring costs of gas and food. Sears store sales slumped 9.8 percent domestically, while Kmart store sales fell 7.1 percent. Total domestic comparable store sales declined 8.6 percent. The loss equated to 43 cents per share, compared with a profit of $223 million, or $1.45 per share a year earlier. On an adjusted basis, Sears reported a loss of 53 cents per share, compared with profits of $1.15 per share in the same period last year. The Hoffman Estates, Ill.-based retailer says sales slipped 5.8 percent to $11.1 billion from $11.7 billion. Wall Street expected profit of 15 cents per share on sales of $11.41 billion. "Our first quarter results reflect the difficult economic environment and intense competition for consumer business," said W. Bruce Johnson, Sears Holdings' interim chief executive officer and president. "That said, since May 3, 2008, our sales declines have moderated somewhat." Especially hard hit were sales of home appliances and products for lawn and garden care. Clothing sales also slumped. Declines reflected competition and a weak U.S. economy that has been battered by a turmoil in the housing market, Sears said. Consumer sentiment fell to its lowest level since October 1992 when the economy was coming out of a recession, the New York-based Conference Board reported this week. Customers are being forced to pay more for food and gas for their cars, and that has cut into sales at Sears and Kmart, the retailer said. Sears Holding Corp. says it expects its sales and margins to be pressured for the rest of the year due to tough economic conditions.