GREY:SRSCQ - Post by User
Comment by
extremeriskon Dec 13, 2016 11:48pm
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Post# 25596221
RE:RE:RE:2.44 now
RE:RE:RE:2.44 nowWe also know that Berkowitz added another 300,000 shares in last quarter above current prices. His track record of sniffing out bargains is well documented. Disappointed with cash burn. They left staff at 17000. I would have cut deeper to reach ebitda neutral. In any event there is issue of keeping up employee morale. With easyfinancial deal done now expect next year to be much better. They survived year with no Jp Morgan deal. Success of Sears Canada was always about credit card and money they made through financing. This is going to start again with Sears financing purchases and those who do not qualify at 11 percent rate will be covered by easyfinancial at much higher rates. Comparison to last quarter was tough given good q3 last year. Comparison to last bad q4 will look better. Targeting 350-400 in cash or $4 a share gives investor the only stock I am aware of that trades under its cash value. Don't see going to a $1. I tried to buy more today at 2.22 and never filled. Sellers here are drying up.