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Bullboard - Stock Discussion Forum
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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Bullboard (GREY:SRSCQ)
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(1)
•••
Wuggy
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Comment by
Wuggy
on Aug 19, 2019 6:41am
RE:Comeback
How? Fundamentals seem grim. Something might have been possible 10 years ago... One thing that I perceive in these situations is the bitterness and disempowerment of longtime employees who might have
...more
(0)
•••
shooter1939
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Post by
shooter1939
on Jul 22, 2017 8:05am
On Friday I visited one of the stores due to close,
not many bargains and the place was like a ghost town. Sears might as well just call in a liquidator right now and forget about trying to sell the inventory themselves.
(1)
•••
indoubtgetout
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Post by
indoubtgetout
on Jul 14, 2017 10:33am
Worse than Nortel
Situation at Sears unfortunate. Management milking the situation - unfortuante. Management has put Sear in its current position - unfortuante - they should all go to jail.
...more
(0)
•••
freckled
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Comment by
freckled
on Jul 10, 2017 7:36am
RE:sears stock radiation from market
the shares still exist. Delisting just means they are not listed on the Toronto Stock Exchange. Probably worthless anyway. Stock holders are always last on the list. Stock is frozen and will probably
...more
(109)
•••
JonathanJSmith
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Comment by
JonathanJSmith
on Jul 05, 2017 9:24am
RE:RE:RE:RE:RE:The down spiral begins
I owned Air Canada at that time. Our stock went to ZERO. The company issued new shares and completely wiped out existing holders. Sears will be the same. A company does not file for bankruptcy
...more
(0)
•••
bobyback
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Post by
bobyback
on Jul 03, 2017 11:56am
sears stock radiation from market
What does that mean for shareholders? THey get 0$?
(25)
•••
extremerisk
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Comment by
extremerisk
on Jun 24, 2017 9:55am
RE:RE:RE:RE:RE:RE:The down spiral begins
New shares will be issued. Stock is trading on nasdaq but that is short covering. Last time I checked sears Canada had a million shares short. Not sure of current position. CCAA is intended to wipe
...more
(189)
•••
biggerr
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Comment by
biggerr
on Jun 22, 2017 9:55pm
RE:RE:RE:RE:The down spiral begins
could it be like AC back in early 2000's when they also were in a similar situation and look where they are now, those who bought their stock then are millionaires if they kept it
(0)
•••
freckled
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Comment by
freckled
on Jun 22, 2017 3:04pm
RE:Lampert made out like a bandit
Bingo! It was the rumor at the time that one of the reasons he purchased Sears Holdings was to get the cash out of Sears Canada. We kind of hoped that wasn't the case, and hoped that he knew what
...more
(0)
•••
las5513
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Comment by
las5513
on Jun 22, 2017 11:09am
RE:RE:RE:The down spiral begins
Today's announcement is a clear indication it's game over for Sears Canada.
(17)
•••
Tato111
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Comment by
Tato111
on Jun 22, 2017 9:28am
RE:RE:The down spiral begins
lol, nice. good forward thinking. All though with your plan on heading to Sleep Country. I would be more intrigued to go to Sears for the 40% off or what ever may be and risk the chance of warranty to
...more
(25)
•••
extremerisk
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Post by
extremerisk
on Jun 21, 2017 12:24pm
Lampert made out like a bandit
While he is the major shareholder more money has been take out via dividends than what Lampert paidt for this stock back in 2005 (was trading around $16 at the time. https://www.dividendchannel.com
...more
(22)
•••
modulex
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Post by
modulex
on Jun 21, 2017 11:00am
WHY ARE SCC SHARES TRADING WHEN BANKRUPTCY IS LOOMING
the current case of sears canada is showing how market authorities are not consciencious about investors who buy shares in a company that is artifically kept alive, soon to be declared in bankruptcy
...more
(22)
•••
gashole
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Comment by
gashole
on Jun 21, 2017 8:46am
RE:The down spiral begins
You hit the nail on the head !! I wanted to buy a mattress, and my wife and I went in and I told her lets go to sleep country because Sears was going under and we wouldnt have any warranty. So we
...more
(66)
•••
88guy88
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Post by
88guy88
on Jun 16, 2017 9:16am
The down spiral begins
now that customers know that the stock is near bankruptcy....nobody will want to buy large applicances or other big ticket items....no warranty....plus the staff that are still there see the writing
...more
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