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View Full Version : Investors warn of Sears stock

SteveR
11-19-2008, 12:09 PM
Wall Street is advising people not to buy stock in Sears after stocks fall more than 80%. I guess with all the foreclosures, people aren't going to buy appliances if they no longer own houses.

http://money.cnn.com/2008/11/17/news/companies/kapner_sears.fortune/index.htm?postversion=2008111811
foff667
11-19-2008, 12:13 PM
Man Al is getting hit from every angle :lol:
BigAls87Z28
11-19-2008, 12:17 PM
Al no longer works for Sears.

Wall Street heard I left...and they said "OH ****, BIG AL LEFT!! BAIL BAIL BAIL!!"
Anti_Rice_Guy
11-19-2008, 02:07 PM
Al no longer works for Sears.

Wall Street heard I left...and they said "OH ****, BIG AL LEFT!! BAIL BAIL BAIL!!"

:rofl:
baddest434
11-19-2008, 03:22 PM
Al no longer works for Sears.

Wall Street heard I left...and they said "OH ****, BIG AL LEFT!! BAIL BAIL BAIL!!"

:rofl: see what you caused Al.
BigAls87Z28
11-19-2008, 03:24 PM
Yep. Day I gave AZ the thumbs up, stock hit its highest mark this month.
Its down today...but everyone is.
rscamaro73
11-19-2008, 04:22 PM
Yep. Day I gave AZ the thumbs up, stock hit its highest mark this month.
Its down today...but everyone is.

LOL's....@ you job jumping....don't blame ya though....gotta go where the money is.
deadtrend1
11-19-2008, 05:00 PM
guess it was time for you to re'tire' then huh Al? No body? Anybody??

One of these days I will get to understand the stock market. ... :)
79CamaroDiva
11-19-2008, 05:19 PM
guess it was time for you to re'tire' then huh Al? No body? Anybody??

One of these days I will get to understand the stock market. ... :)

... ooohhh if only you knew just how funny that was...
shane27
11-20-2008, 01:07 AM
that sucks i like their clothes, and at great prices!
Savage_Messiah
11-20-2008, 03:02 AM
It's okay, Sears can go out any everyone can go work at walmart........................................... .................
rscamaro73
11-20-2008, 06:14 AM
Its gonna suck for any Craftsman tool owner :axe:
sweetbmxrider
11-20-2008, 02:36 PM
:rofl: Al i'm considering investing in your future.
Savage_Messiah
11-20-2008, 02:40 PM
Its gonna suck for any Craftsman tool owner :axe:

:shock::shock::shock: looting party when they close down!!!!!! :shock::shock::shock:
Bangin Bob
11-20-2008, 06:34 PM
WE BOUGHT ALL NEW APPLIANCES THIS YEAR ALL FROM SEARS. ALL GOOD STUFF TOO STAINLESS EVERYTHING. GOOD DEAL 1 YEAR NO INTEREST. HAVE TILL JAN 14 TO FINISH PAYING OR GET HIT WITH INTEREST THOUGH. I GOT AN OLD PLACE EVERYTHING WORN OUT AND BROKE HAD NO CHOICE MOM WAS BITCHIN.
BonzoHansen
11-20-2008, 06:36 PM
Its gonna suck for any Craftsman tool owner :axe:

Someone will buy the craftsman brand
BigAls87Z28
11-20-2008, 07:53 PM
Eddie Lampert, the CEO Sears Holdings regrouped and realigned the different segments inside Sears about a year or so ago. Some has said that it was so that he could sell it off in chunks without worrying about the whole.

Brand Central and Auto are the 2 largest profit makers for Sears.
UserName
11-20-2008, 08:02 PM
the auto in jersey city is keeping the store afloat. if not it would hav not even made it to the merge with kmart. and if sears flops i bet autozone will be selling craftman in no time .
BigAls87Z28
11-20-2008, 08:04 PM
the auto in jersey city is keeping the store afloat. if not it would hav not even made it to the merge with kmart. and if sears flops i bet autozone will be selling craftman in no time .

Eddie Lampert does own a majority stake in the Zone.
twin99
11-24-2008, 10:50 PM
it's not only Sears....people are not buying in general.

I heard people are even holding back on food which is a real bad sign.
UserName
11-30-2008, 02:14 PM
Eddie Lampert does own a majority stake in the Zone.

i know we are forced to order from them b4 anyone else . and let me say duralast will never be better then wagner
BigAls87Z28
11-30-2008, 02:19 PM
Ahaha, you work for SAC in Jersey City?
UserName
11-30-2008, 02:21 PM
yup.
BigAls87Z28
11-30-2008, 02:51 PM
Ahahahaha, thats awesome. How was your Black Friday?

I never used Autozone when I was at Sears, since none of them would deliver to the TR store. My brother uses my store all the time, and he hasnt had any problems. Wagner is pretty damn good, I will admit that, but I my brother hasnt had a problem and he has them on his car.
For the price Sears charges for the Wagners, I can pick up a set of Duralast Gold Cmax's Ceramic pads with nice set up of rubber coated ships to stop all noise.
UserName
12-05-2008, 04:02 PM
black fridays wasnt that bad this years. we only made 42k . but i racked up the OT that day . we can call other places for parts but we have to call autozone first .
bobb1589
12-05-2008, 08:37 PM
WE BOUGHT ALL NEW APPLIANCES THIS YEAR ALL FROM SEARS. ALL GOOD STUFF TOO STAINLESS EVERYTHING. GOOD DEAL 1 YEAR NO INTEREST. HAVE TILL JAN 14 TO FINISH PAYING OR GET HIT WITH INTEREST THOUGH. I GOT AN OLD PLACE EVERYTHING WORN OUT AND BROKE HAD NO CHOICE MOM WAS BITCHIN.

what is this about? a little excited?
BonzoHansen
12-05-2008, 10:17 PM
Hey, he spent a lot of $$, he can be excited, lol.


Sears is going to close a bunch more stores early 09
BigAls87Z28
12-06-2008, 07:48 AM
black fridays wasnt that bad this years. we only made 42k . but i racked up the OT that day . we can call other places for parts but we have to call autozone first .

I know you do :wink: Im the guy you call. Well, the Ocean and Eatontown stores call.

So that made 4 SAC workers at one time eh?

Ed91Pontiac
Koll
yourself
and me all worked at the SAC!!
I have since retired from the SAC....at the ripe age of 24.
Saitin
12-06-2008, 09:39 AM
lol the SAC in quakerbridge made 78k on black friday supposedly this year wa one of the worst black fridays in years.
BigAls87Z28
12-06-2008, 03:12 PM
My goodness, I didnt think theywere that big of a store!!! When I was at Freehold, we did like 28k.
I couldnt imagine 48k, must less 78!!!
BonzoHansen
12-09-2008, 02:09 PM
BiGal takes command!

UPDATE: AutoZone Shares Rally As Pep Boys Turns South
12/09 11:39 am (DJN)

By Shawn Langlois

SAN FRANCISCO (Dow Jones) -- AutoZone Inc. shares jumped more than 6% Tuesday, bucking broader market selling, after the auto-parts retailer managed to grow first-quarter sales and top Wall Street targets despite the gloomy economic climate.

The Pep Boys - Manny, Moe & Jack (PBY), however, saw their shares fall hard after the parts-selling competitor reported another quarterly loss while Wall Street had been looking for breakeven results.

AutoZone (AZO) stock was last up $7.50 at $124 and has gained 3.4% since the beginning of the year while major indexes lost about 40%.

The Memphis, Tenn.-based company reported first-quarter earnings of $131 million, or $2.23 a share, compared with $133 million, or $2.02 a share, in the same period a year ago.

Revenue rose to $1.48 billion from $1.46 billion. Sales for stores open at least one year decreased 1.5% for the quarter.

Analysts polled by FactSet Research were looking for a profit, on average, of $2.20 a share and sales of $1.49 billion.

"We were disappointed with our sales performance early in the quarter, as we were impacted by the disruption caused by hurricanes Gustav and Ike," Chairman Bill Rhodes said, adding that sales rebounded starting in October.

Separately, Pep Boys shares dropped more than 27% to $3.63 after the company reported a third-quarter loss of $7.3 million, or 14 cents a share, compared with a loss of $28 million, or 54 cents a share, a year ago. The stock is down almost 70% so far this year.

Revenue fell to $464.2 million from $528.8 million.

Analysts polled by FactSet Research, on average, had expected the company to break even for the quarter on sales of $488.5 million.

"Our sales and operating results have been impacted by the decrease in miles driven and the general reduction in consumer spending," said CEO Mike Odell. He added that Pep Boys will look to offset these trends by focusing on tighter spending controls and promoting its relative bargain level prices to attract beleaguered consumers.
BigAls87Z28
12-09-2008, 06:06 PM
**** yes.
jims69camaro
12-09-2008, 06:24 PM
back to the OP: you're supposed to buy low and go long... that's how you make money in the 'market.
Saitin
12-10-2008, 01:25 PM
My goodness, I didnt think theywere that big of a store!!! When I was at Freehold, we did like 28k.
I couldnt imagine 48k, must less 78!!!

it was a horror nothing but lines,people bitching,more lines,and people bitching about lines, and more lines
the worst part where the ****ing indians that kept coming in trying to price match with the **** they bought 2 weeks ago using the 30 day price match policy they have.
Working there has found a new hatred of the Indian culture every one of them that comes in tries to pull something to get some sort of free **** or discount,I'm not racist in any way at all but it is ridiculous and I thought jews where ass pinchers to try and save a penny
Mike
12-10-2008, 03:54 PM
it was a horror nothing but lines,people bitching,more lines,and people bitching about lines, and more lines
the worst part where the ****ing indians that kept coming in trying to price match with the **** they bought 2 weeks ago using the 30 day price match policy they have.
Working there has found a new hatred of the Indian culture every one of them that comes in tries to pull something to get some sort of free **** or discount,I'm not racist in any way at all but it is ridiculous and I thought jews where ass pinchers to try and save a penny

wow
BigAls87Z28
12-10-2008, 04:59 PM
it was a horror nothing but lines,people bitching,more lines,and people bitching about lines, and more lines
the worst part where the ****ing indians that kept coming in trying to price match with the **** they bought 2 weeks ago using the 30 day price match policy they have.
Working there has found a new hatred of the Indian culture every one of them that comes in tries to pull something to get some sort of free **** or discount,I'm not racist in any way at all but it is ridiculous and I thought jews where ass pinchers to try and save a penny

Does that mean you are yet anther SAC worker? How come I I didnt know about all these SAC NJFBOA workers!!
Oh boy, price matching fiesta with them too.