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 > closing stores is good thing

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Comment by extremeriskon Mar 13, 2016 10:14am

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RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:closing stores is good thing

I thought 4.30 good buy and now at 3.30. I plan to buy more. Put a few hundred shares at the bid since volumes are very low. Friday had 5000 o Canadian side and 30000 on US side. They knew Jp Morgan was leaving for a year and did not line up new financing??? Home stores do a good chunk of business and leons an brick have n trouble with lining up financing deal. This was done on purpose. I figure home stores drop off of 30 percent in sales for Dec Jan Feb without the financing deals. Sears full line stores effected less. Key question is what is berkowitz thinking??? Stock trading at a third of his cost. I am buying more here at 3.30. That should still be less than cash balance of company. Last quarter would have 2 months for home stores bad results. Key is cash flow. Last q4 they generated 43 million in cash from operations. So they last reported 3.78 in cash. While revenue drop in home stores is significant the cost line not bad as they are all on comission. Risk is employees leave home stores. I will be back Monday with small orders on the bid and wait.

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