Sears Canada Inc SRSCQ

Warren Buffett once said find an iconic company

[patricia123]

especially one that has been beaten down and buy it when others are selling.Sears is an establishment in Canada, and its many brand names are trusted by many Canadians, and its stores has been bustling during the Christmas quarter. Combine that with a workforce comprised of many welcoming and grateful immigrants and you've got the perfect recipe for a mega turnaround for a struggling enterprise with an unbeatable history.This may go lower when the shorts dump their final positions but prepare for the firesale and pick up what you can on the cheap.I do not think,[not for one minute] that sears will fold. THIS IS A STRONG BUY!!!!!!

[extremerisk]

Great quote. Given financing in place now suspect this quarter results will be good. Trading about 7 cents on dollar of revenue is about the cheapest you can get. With no debt no bankruptcy risk. I like this as 2.20 , would just add with new money. Significantly underpriced with market cap of 230 million for a 2.7 billion revenue company with its brand recognition.

[kijiji]

After a disappointing holiday shopping season, the nation's largest department stores and some of the shoppers who still depend on them are set for an unhappy new year.   Macy's, Kohl's and other department stores are hurting as more people shop online, visit lower-priced stores or spend more of their money on smartphones and other gadgets. The future of department stores

[extremerisk]

Need to shrink number of stores and increase sales per square foot. Sears Canada has been doing this for last decade. What I found interesting is the sears home stores were picked up by brick/leons. Goes to show one man's refuse is another's jewel!! Issue here now is sears Canada was almost sold to a distressed retail hedge fund at $17 a share in 2014. At the start of 2017 it trades for $2