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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (203531)	5/21/2009 5:15:04 PM
From: patron_anejo_por_favor	Read Replies (3) \| Respond to of 306849

UFB, a moment of silence for the shorts. Another rummy stock I could never get a borrow at Fido on..... EDIT: Now THIS is freakin' hilarious! They simply stopped restocking the shelves, same store sales down 7.4%, topline down 9.2%....that's worth a 20% bump? (Only if yer caught short, I suppose). I guess their business plan is to liquidate what's in the stores, then the stores themselves bit by bit.... online.wsj.com Sears Posts Profit, Shares Jump By KATHY SHWIFF Sears Holdings Inc. posted a surprise profit for its fiscal first quarter on higher margins and lower expenses, sending its stock sharply higher. The retailer also announced it has amended and extended its credit facility to provide $4.1 billion in financing through March 24 and another $2.4 billion for 27 months after that. "In this challenging economic environment, we are pleased with the progress we have made in improving our gross margin rate, controlling inventories and further reducing our cost structure," said interim Chief Executive W. Bruce Johnson. Beyond slumping sales, both the Sears and Kmart chains have been beset with poor reputations of late for problems ranging from shoddy customer service and high out-of-stock levels. For the quarter ended May 2, the retailer reported profit of $26 million, or 21 cents a share, compared with a year-earlier loss of $56 million, or 43 cents a share, a year earlier. Revenue declined 9.2% to $10.06 billion, while sales at U.S. stores open at least a year fell 7.4%. Analysts' estimates were for a loss of 88 cents a share on revenue of $10.06 billion, according to a poll by Thomson Reuters. Gross margin rose to 28.6% from 27.3%, while inventory fell 8.2%. U.S. overhead costs fell 6.7%. In after-hours trading Thursday, Sears share jumped 16% to $58.40 on the Nasdaq Stock

To: Smiling Bob who wrote (203531)	5/21/2009 6:28:57 PM
From: Sr K	Respond to of 306849

They bought back another 1 million shares (at $41 per share) and Banc of America came back to be part of the credit facility, now for $4.1 billion, more than the prior $4.0 that was cut to $3.8. The negative I see is that the pension obligation grew by $1 billion Y/Y.

To: Smiling Bob who wrote (203531)	5/22/2009 11:35:13 AM
From: Smiling Bob	Read Replies (1) \| Respond to of 306849

They're not supposed to take me seriously Are we supposed to take them seriously The WHOLE friggin mkt rises due to a lone insane CEO noodling his numbers? ...Tomorrow, all attention should turn to where America shops and today's LEI --- U.S. Stocks Rise as Sears Profit Overshadows Treasury Auction Share \| Email \| Print \| A A A By Rita Nazareth May 22 (Bloomberg) -- U.S. stocks gained as unexpected profit at Sears Holdings Corp. overshadowed concern the government faces higher interest rates to finance the bailout of the financial industry, which sent Treasuries lower and weakened the dollar. Sears jumped 15 percent. Freeport-McMoRan Copper & Gold Inc. gained after copper prices rallied as Chinese imports of the metal climbed to a record and inventories dropped. American Express Co. and Bank of America Corp. lost more than 1.2 percent as the U.S. government prepared to raise $162 billion next week by selling securities. The Standard & Poor’s 500 Index added 0.7 percent to 894.65 at 11:10 a.m. in New York after losing as much as 0.5 percent. The Dow Jones Industrial Average gained 0.7 percent to 8,352.51. The 10-year Treasury note fell, pushing yields up to a six-month high of 3.39 percent. The dollar dropped beyond $1.40 against the euro for the first time in four months. “We had good news from Sears,” said Eric Teal, who oversees $5 billion as chief investment officer at First Citizens Bank in Raleigh, North Carolina. “The market is still concerned about the money supply and the credit rating for the U.S.”