Sears Canada Inc SRSCQ

RE:RE:loss of 53 million for quarter 3

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This has come down to quick too fast. Take away $4 a share from confirmed sales leaves you $3 a share. Sales are $3 billion so trading 10 percent of sales which is a bankruptcy price. Even with a poor' Christmas season stock price too low. Berkowitz geting little upset based on recent filing for sears holdings. He is going to want sales faster and generate cash quicker. I was adding Thursday still on low volumes. Go private is becoming real possibility now but since Berkowi'tz has so many shares he would have to go in together with Lampert. Sears has rich lease deals everywhere waiting to be monetized. Landlords of course will try to squeeze but if price right will deal I believe. No sense collecting $1 a sq ft at Eaton Centre for next 60 years when that 400000 Sq ft can be put to more profitable use.