Sears Canada Inc SRSCQ

RE: Big Drop

[bushhog1]

Teckguru, you not a TA guy ? Your name certainly had me fooled ! However, I enjoyed your article, I see you did your D/D on SCC. I also like Sears Canada, but I don't buy the notion of a take-over. Maybe Lampert, already being the owner of Sears Canada ,can use his same style, and cause Sears Canada shares to go up. But remember ,when he took over Kmart, it just came out of bankruptcy protection, and had no debt. But you have to agree with me, that a stock that jumped $5.00 in a little over two weeks, on a speculation of a take over, which may not be true, is not sustainable. Sears last earnings report was bad, revenue and operational earnings were less that the previously comparable Quarter-- no growth. So do you believe when there is more competition in the very near future, would Sears have growth then. Like I mentioned Canadian Tire at $57.00 is cheaper than Sears on a P/E basis. So the $5.00 jump, is base only on a take over speculation. And you already know my opinion on this.