Sears Canada Inc SRSCQ

Consumer Cyclical Department Stores

Sears Canada Inc. (Sears) is a Canada-based multi-channel retailer company. The Company operates through merchandising segment. Its merchandising operations include the sale of goods and services through its retail channels, which includes its full-line, Sears Home, Hometown, Outlet, Corbeil Electrique Inc. (Corbeil) stores and its direct (catalogue/Internet) channel. Its services include home improvements, such as carpet and duct cleaning, installation and assembly of products purchased at Sears stores, custom window coverings, windows and doors, and heating and cooling; product repair services, such as servicing of items covered under Sears Protection Plan, cash calls, as well as in-warranty service for select Kenmore, Craftsman and national brand products, and protection agreements, such as single or multi-year coverage on appliances, electronics, vacuums, lawn and garden, fitness, and heating, ventilating and air conditioning, and accident protection for furniture and mattresses.

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Sears Canada Inc > The SP is dropping like crazy.....

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Comment by extremeriskon Feb 10, 2016 7:42pm

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RE:The SP is dropping like crazy.....

Volumes are way too low. I think whoever is short has easy time driving low volume stock down but how are they ever going to be able to buy to cover short. I was buyer today and will continue to buy before results. Don't see how 4.30 a share with close to $4 cash is not a great deal. Thought about bankruptcy risk or target style shutdown but all shareholders would be entitled to proceeds from shutdown. They do have no debt. Berkowitz bought more in September. Spinoff was over $10 a little over year ago. Stranzl can raise the dead. With $120 opex cut and $3 billion revenue run rate they will be fine. Also there are more assets to sell.

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A junior copper-gold stock trading at a bargain of monumental proportions