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 > Up 12%. Why?

<< Previous

Bullboard Posts

Next >>

Comment by techguruon Oct 20, 2015 5:47am

70 Views

Post# 24207442

RE:Up 12%. Why?

Been in this stock before. I did buy back in Friday based on berkowitz last buy of almost 3 million shares. With shares held by lampert sears holdings and few others the shares that are available to trade is close to zero. With such patient long term shareholders unlikely to sell looks like trading float is neglible. Demand for shares exceed supply so goes up. Stock trades at cheap valuation of 900 million or 30 cents on dollar of sales so fine to enter here.

<< Previous

Bullboard Posts

Next >>

HPQ Silicon updates shareholders on Fumed Silica Reactor developments