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 > $174 million payment from Chase

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Comment by extremeriskon Nov 25, 2015 4:24pm

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RE:$174 million payment from Chase

They are building cash. With all these announcements plus last qtr cash of 208 plus quarter cash flow Puts you close to $600 million or $6 a share. There is more stuff to sell. I smell a $5 dividend again. Last one in 2013 and Lampert likes the cash. Business is actually not too bad. If you take out all one time items in last q report like impairment provisions they mad operating income vs loss. They stuck the sag line with lots of one time items. This is a buy here.

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