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.

GREY:SRSCQ - Post by User

Sears Canada Inc > risk of go private

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Comment by extremeriskon Feb 10, 2016 11:38pm

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RE:RE:risk of go private

Never seen stock trade under its cash value. I would be a buyer here. Also big chunk of expense is people. Stranzl cutting 125 million in opex which brings ebitda is line. They should have cut sooner. Cut big and cut fast rather than slow dribbles that they have been doing. Stranzl also has $$$ based on recent capital raise. He is not typical retail CEO. I think he is cooking something here. Will be buying more under 4.30. That price is way too cheap. This doesn't even consider sales they can do like SLH the trucking company. Not sure why they still own it. Market dump has generated some deep value opportunities now.

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