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For several months Jim Cramer from the Mad Money TV show has been touting SHLD. After a nearly 10 drop today he says it is a "gift" at 171. If you'd roll a bowling ball down the aisle of your local Sears store, you're much more likely to hit an associate rather than a customer. Cramer says that doesn't matter. Analysts are looking at the company compared to other retail businesses and it isn't merely a retail store. With each of it's nearly 3900 full line and specialty stores in the U.S. and Canada averaging 300K profit per year and virtually no debt owner Eddie Lampert is making this into a mini Berkshire Hathaway , investing the profits in other enterprises to earn 100mil. last quarter alone. He's over 1/3rd of the way in buying back nearly 1 billion in company stock. Cramer considers Lampert the greatest investor of our time and the only one that matched his returns in Cramer's hedge fund days.
Does Cramer's argument make sense or has he gone over the edge? I don't like Sears myself. Maybe it isn't about the retail business after all.
Cramer has been recommending SHLD since 9/8/05 at 127.81 it dropped as low as 113.92 and reached a high of 182.38.
-----------billyjoe
Does Cramer's argument make sense or has he gone over the edge? I don't like Sears myself. Maybe it isn't about the retail business after all.
Cramer has been recommending SHLD since 9/8/05 at 127.81 it dropped as low as 113.92 and reached a high of 182.38.
-----------billyjoe
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