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Sears Canada Inc T.SCC

Sector: Consumer Cyclical | Sub-Sector: Department Stores
Alternate Symbol(s):  SRSC

Sears Canada Inc is a multi-format retailer. It is engaged in merchandising and sells goods and services through the Company's Retail channels, which includes its Full-line, Sears Home, Hometown Dealer, Outlet and Corbeil stores, and its Direct channel.
Price: $4.38 | Change: +$0.08 | %Change: +1.86%
Volume: 2,253 | Day High/Low: 4.50/4.30 | 52 Week High/Low: 12.72/3.83
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0 stars

RE:RE:risk of go private

Never seen stock trade under its cash value. I would be a buyer here. Also big chunk of expense is people. Stranzl cutting 125 million in opex which brings ebitda is line. They should have cut sooner....read more
0 stars

RE:risk of go private

As you said, it is just a very low volume of shares traded here everyday. But this stock seems to have no support. So if a big shareholder here decides to flush his shares at the market. This stock...read more
0 stars

risk of go private

Lampert berkowitz could team up and go private. Majority of the minority would have to agree to price. Close to $4 cash leaves 30 cents @ 100 million shares values this 3 billion revenu company at 30...read more
0 stars

RE:The SP is dropping like crazy.....

Volumes are way too low. I think whoever is short has easy time driving low volume stock down but how are they ever going to be able to buy to cover short. I was buyer today and will continue to buy...read more
0 stars

The SP is dropping like crazy.....

I think that a lot of investors want to sell their shares before that the company releases the financial results. Good luck with this company.  rate and reply
0 stars

RE:RE:RE:loss of 53 million for quarter 3

As of last qtr they reported cash of 386 million (including Vaughan logistics centre sale) plus $300 million credit facility which is undrawn. Stranzl will have to go crazy to blow through $700...read more
0 stars

RE:RE:loss of 53 million for quarter 3

Well, sir, hindsight is 20/20. Stock plunged heavily early January. Truth of the matter is that they did try selling the company about 2 years ago. There were no offers to take over this sinking giant...read more
0 stars

RE:RE:RE:RE:loss of 53 million for quarter 3

Back in today. Nice carnage in markets. Sears has no volumes but can buy a little slowly. Cash is close to $4 a share trading close to $5.5 and no debt so market cap now $150 million. $3 billion sales...read more
0 stars

RE:RE:RE:loss of 53 million for quarter 3

sold out earlier this week. Have rule that 7 percent below price I bail out. Sears canada been going down every signal day. There is a large seller that wants out. Will wait for re entry as nothing...read more
0 stars

RE:RE:loss of 53 million for quarter 3

This has come down to quick too fast. Take away $4 a share from confirmed sales leaves you $3 a share. Sales are $3 billion so trading 10 percent of sales which is a bankruptcy price. Even with a poor...read more
2.5 stars

RE:loss of 53 million for quarter 3

I think an error to short Sears Canada. No evidence that they have one more year. Check out Fairholme funds Berkowitz who added 3 million sears canada shares in august and now holds 17 million...read more
0 stars

loss of 53 million for quarter 3

They lost 53 million for quarter 3, not as much as 2014 in quarter 3. But you have to remember they had an overall operating loss in 2014. The company will still have about 300 million in cash...but...read more
0 stars

RE:RE:RE:$174 million payment from Chase

Whenever you see a line in financial statements with 6 or more footnotes beside it you know they are throwing expenses at it. Called kitchen sink acctg. Write off as much as you can. That is what...read more
0 stars

RE:RE:$174 million payment from Chase

The numbers were - $13 million net income for quarter 2. The unusual item for the quarter was a 67 million gain on selling leases. I don't see where you get an operating profit. EBITA was a loss...read more
0 stars

RE:$174 million payment from Chase

They are building cash. With all these announcements plus last qtr cash of 208 plus quarter cash flow Puts you close to $600 million or $6 a share. There is more stuff to sell. I smell a $5 dividend...read more
0 stars

$174 million payment from Chase

http://www.stockhouse.com/news/press-releases/2015/11/24/sears-canada-receives-payment-from-jpmorgan-chase  rate and reply
0 stars

RE:more real estate sales

All good moves. Company that almost bought sears canada last year at $17 a share when us and cdn dollar equal has strong incentive to come back to table with cdn dollar now discounted 30 percent. 30...read more
0 stars

more real estate sales

selling off the assets.... Sears Canada continues to sell off its real estate in Canada to raise cash and restructure its retail operations. It has sold a distribution centre in Vaughan, Ont. for...read more
0 stars

RE:RE:RE:Up 12%. Why?

If their is no stock left and the remaining sellers are not selling the few shares left that trade are bound to go up. Law of supply and demand. That's economics. So any little bit of positive...read more
0 stars

RE:RE:RE:Up 12%. Why?

  rate and reply