Sears Canada Inc SRSCQ

berkowitz bought another 2.6 million

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His buys have all been above current levels so I decided to come back in last week in 3.50 range on cdn side. Besides the cash balance there is still plenty of real estate to go but what brought me back are reports that Sears continues to be number one retailer of national brand major appliances with Kenmore. While there are more competitors overall value price and quality is still with Sears. So what grand mom and great grand mom used to buy is still true today. Going back to core competency is the right thing to do so maybe new guy stranzl is onto something here. They still need to cut below 17000 staff to get to positive ebitda. I think 3.5 and below is good time to enter. Berkowitz will be coming back for more and pretty soon no stock left. It's already tough to pick up shares without moving price.