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 > time to cut your losses

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Comment by freckledon Jun 13, 2017 6:02pm

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Post# 26358715

RE:time to cut your losses

Sorry sir. I have been intensely watching this company for 25 years. Even worked there for a couple of decades. Formerly a proud company, once Lampert bought Sears Holdings it was well known he wanted to get ahold of the cash reserves of Sears Canads - which he did. Sears Canada was really wealthy at that time. Since Dene Rogers, the CEOs were merely caretakers of the company. Calvin Macdonald did try to inspire hope within the company a few years ago, and he started to spend money in fixing up stores and revitalizing the chain. I really think if they gave him an honest chance he could have saved it. But since Calvin was spending money they got rid of him. Since then the CEOs where just running the company speak of 'we are working on turning things around'...when in actuality they were just doing squat. There was no plan to save Sears Canada. What Berkowitz was doing buying a truck load of shares - one never knows. Good luck to him.

Under a buck...there is still some value in the company, but it will take a new owner, and new enthusiasm to turn whatever is left of the company into something viable.

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