Sears Holdings Announces Plans To Spin Off Orchard Supply Hardware
Sears Holdings(SHLD) announced today that it plans to spin off Orchard Supply Hardware. Orchard operates 89 full service hardware stores in California, averaging 40,600 square feet. No date or...
View ArticleAfter Years of Drift, a New Approach at Sears
Perrenial value trap Sears Holdings(SHLD) is the subject of an excellent article at Bloomberg Businessweek. After Eddie Lampert’s initial success buying Kmart bonds in bankruptcy, hoped were high that...
View ArticleSears Is Ready To Harvest The Orchard
Much like Halloween, the end of the year is also shaping up to be an extremely busy period for spinoffs. The latest to join the party is Sears Holding (SHLD) whose board of directors approved the spin...
View ArticleShould You Bite The Preferred Apple From Orchard?
Whopper Investments asks the question we've been puzzling over: What is the purpose of the preferred stock being issued to Sears(SHLD) shareholders as part of the Orchard Supply(OSH) spinoff? We've...
View ArticleIs Orchard Supply Worth $10 per Sears Share? Morningstar Seems To Think So
A recent report on Sears Holdings(SHLD) by Morningstar analyst Paul Swinand lowers their fair value estimate for Sears by $10 per share due to the Orchard Supply(OSH) spinoff. Given the distribution...
View ArticleSofter And Softer Side Of Sears Holdings
It looks like Edward Lampert has lost another round in his great experiment with retail. Neither of the two major brands that comprise Sears Holdings(SHLD) were in good shape when he purchased them. He...
View ArticleMap And Initial Analysis Of 79 Sears Closings Announced Today
Earlier this week, Sears Holdings(SHLD) announced plans to shutter 100-120 stores. Today, the company released a pdf listing 79 stores to be closed, with more to be announced. I’ve converted this to a...
View ArticleSears Holdings Completes Orchard Supply Hardware Spinoff
Sears Holdings(SHLD) issued a press release this morning announcing the completion of the Orchard Supply Hardware(OSH) spinoff. Sears Holdings Corporation ("Holdings," "we" or "our") today announced...
View ArticleOrchard Supply Hardware Common And Preferred Begin Trading Today
Orchard Supply Hardware Common(OSH) and preferred(OSHSP) began trading this morning, following their spinoff from Sears Holdings(SHLD). The newly independent company issued a press release to mark the...
View ArticleOrchard Supply Hardware Stock, Spun Off From Sears, In Tail Spin- Time To Buy
It’s been a pretty bad first week for Orchard Supply(OSH). Since beginning trading on Tuesday following its spin off from Sears Holdings(SHLD) at $25 with a quick rise to $60, the stock has moved...
View ArticleMotley Fool’s Austin Smith Likes Orchard Supply
In a short clip, without giving much detail, Austin Smith mentions he likes the prospects of Orchard Supply(OSH), recently spun off of Sears Holdings(SHLD). Smith likes management, feels that they’re...
View ArticleHas The End Begun For Sears Holdings? CIT Stops Financing Sears Vendors
Sears Holdings(SHLD) can’t seem to catch a break. After weeks of falling, Sears stock rallied 8% today on no news. Shareholders should cut their rejoicing short after tonight’s report from Bloomberg...
View ArticleEddie Lampert Doesn’t Fear Sears Bankruptcy, Personally Purchases $150...
It’s been a brutal year for Sears Holdings(SHLD) and a brutal year for Eddie Lampert’s hedge fund ESL investments. ESL has recently handed over shares of AutoNation(AN) to investors, presumably to...
View ArticleTricky Tax Treatment For Orchard Supply Preferred Shares
We’ve written before about the puzzle of Orchard Supply Hardware Preferred(OSHSP). This preferred issue was spun off from Sears Holdings(SHLD) together with Orchard Supply Common(OSH). While we’re...
View ArticleLocal Paper Interviews Marc Baker, CEO of Orchard Supply Hardware
The Mercury News interviewed Marc Baker, CEO of Orchard Supply Hardware(OSH), which was recently spun off from Sears Holdings(SHLD). There’s nothing really new here, but it’s always interesting to see...
View ArticleWhen Sears Is All You Have- Small Towns Plead In Vain For Sears To Stay
We have written previously about Sears(SHLD) closing dozens of stores. Now, the Huffington Post reports on some of the small cities and towns where Sears has announced closings that are desperate to...
View ArticleSears Sells Inventory And Customer Lists From Kmart’s Pharmacies To Be Closed...
Walgreens(WAG) announced today that it has reached an agreement to acquire prescription files and inventory from 33 Kmart pharmacies in 16 states from Sears Holdings(SHLD). A quick look at the...
View ArticleOrchard Supply Hardware Struggles To Show Sales Growth, Sells Off More Real...
It’s been a few quarters since Orchard Supply Hardware(OSH) was spun off from Sears Holdings(SHLD). The stock continues to trade at similar levels to where we felt it was a reasonable buy soon after...
View ArticleSears Rights Offering Distribution Is Set For Today
The next round of corporate action at Sears Holding (SHLD) is about to begin as the board of directors set today as the distribution date of the rights offerings to purchase shares of its Hometown...
View ArticleSears Holdings Centrifuge Spins North To Canada
Shareholders of Sears Holdings(SHLD) have been once again reminded that entropy is inexorably increasing, at least in their brokerage accounts. Less than a year ago they had only Sears, but since...
View ArticleSears Hometown And Outlets – The Brighter Side Of Sears?
It’s an old story – when will Edward S. Lampert, genius hedge fund manager, finally figure out how to create value out of the cobbled together pile of assets known as Sears Holdings (SHLD)? Recently,...
View ArticleLampert Chops Down Stake In Orchard Supply Hardware As Stock Marches Steadily...
Last January, Sears Holdings(SHLD), controlled by Eddie Lampert, spun off Orchard Supply Hardware(OSH). At the time, we were bullish on Orchard. We were wrong. Unfortunately, while the stock has...
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