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 > Large block went through 400,000 shares

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Comment by freckledon May 03, 2017 3:35pm

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RE:RE:RE:Large block went through 400,000 shares

That's my contention. Since the company hasn't made profit in years, and doesn't show it will turn things around in the foreseeable future, the only value in the company is its assets. And since it has discarded all of its valuable real estate, book value now approximates market value. Equity is just over 200 million. Market cap is just over 200 million. I see the price dropping into penny stock level by the end of the year. Intrinsic value continues to drop. They don't have any more fixed assets to sell to maintain cash flow. A few years ago over a billion dollars in fixed assets; now only 200 million. They will probably squeak through this year as a viable entity, but after things get difficult.

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