Sears Canada Inc SRSCQ

2.44 now

[Petroil]

I was planning to buy some shares at 2.50 but I have figured out that it was too risky. So I have lowered my target to buy at 2.00. What do we need to reverse the trend of this collapsing stock? Probably the shorts want to bring it close to zero.

[extremerisk]

Stock price way too low. Added more on Friday. Not many shares trade so need to be careful on bid. They seem to be advertising more on radio and TV compared to last year. Also with new cash from real estate sales they are guiding to 400 million cash by year end or 4 a share. Hard pressed to find stock trading for under its cash value. Also noticed in berkowitz last report he added another 300000

[Kuyawayne]

Latest results - sales down over 20% in the third quarter over the third quarter of the previous year. There is a reason eveyone has stopped following the company. It's dead in the water. They are living on cash generated from selling property, not from excitement around sales or strategy. I predicted under $1.00 by the end of this year, and I am not far off. Under $1.00 per share next year

[Kuyawayne]

also if you notice with the lastest results, cash kind of slipped didn't it. A cash burn.

[extremerisk]

We 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

[Petroil]

I feel that 2.00 is still too risky. So I lowered my target to buy at 1.50.  Do you (guys) think that a reverse split would be very probable here?

[kijiji]

Sears Canada (SRSC) : In a disclosure report filed on Jan 26, 2017, The Asset Management company Towerview said it has purchased 11,200 additional shares in Sears Canada (SRSC) during the most recent quarter end. The investment management firm now holds a total of 2,950,000 shares of Sears Canada which is valued at $4,867,500.Sears Canada makes up approximately 2.14% of Towerview’s portfolio.

[aushucks]

to do a reverse split here would not make sense, costs money that they do not have.