Investment Buying: Sears Holdings (SHLD)
A little over a week ago Sears Holdings CEO, Eddie Lampert revealed that Sears continues to have problems meeting earnings estimates. A month prior SHLD pre-announced this was going to happen and both announcements had a negative affect on the stock price.
I think Mr. Lampert has been pushing all this negative news in order to push the stock price of Sears down in order to get a better deal on buying back shares. Sears is having earnings problems and Lampert is taking advantages of them in order to make the company worth more by buying back millions of dollars in shares.
Sears (SHLD) is tarding in the low 150s after brushing 190 earlier this year. It seems a masterstrock of genius by Lampert so when Sears’ earnings do bounce back the company will be even more attractive to investors.
This is why I am long on Sears Holdings (SHLD) and I initiated a position last week in it.
Written by Nagel on July 27th, 2007 with
no comments.
Read more articles on Investing and Stocks.
- [+] Digg: Feature this article
- [+] Del.icio.us: Bookmark this article
- [+] Furl: Bookmark this article