Author Topic: Sears Loss/Wants To Sell Service Agreement Unit  (Read 5084 times)

Offline john63

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Offline niobrara

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Re: Sears Loss/Wants To Sell Service Agreement Unit
« Reply #1 on: May 23, 2013, 10:48:22 PM »
Well that is interesting. Not a surprise , but interesting.

Offline LowSL2

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Re: Sears Loss/Wants To Sell Service Agreement Unit
« Reply #2 on: May 24, 2013, 12:26:22 AM »
Oh great. I'm sure there will be a required conference call about this tomorrow. There goes my productivity...

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Offline Wedgeman55

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Re: Sears Loss/Wants To Sell Service Agreement Unit
« Reply #3 on: May 24, 2013, 02:37:09 AM »
Next, they'll sell the repair unit.   I have a friend who works for sears as a multi-store manager for their auto centers and he told me he heard they might be selling or cutting repair unit.   This could be the start of it.   
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Offline LowSL2

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Re: Sears Loss/Wants To Sell Service Agreement Unit
« Reply #4 on: May 24, 2013, 09:08:07 AM »
They've been talking about selling the repair business for years. I think they can't shut it down. It's one if those things where it's "too big to fail". I'm sure the last straw will be to fire all of the technicians and hire independents on a contract basis to run calls for their third party contacts and service agreements.

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Offline wildimaginations

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Re: Sears Loss/Wants To Sell Service Agreement Unit
« Reply #5 on: May 25, 2013, 10:18:14 PM »
The service side has a very high value and is worth a lot of money to someone who wants that business end of it.  Expect major changes on the Sears side as it finds a buyer.  If the right buyer comes along and makes the service department do what it's supposed to do, it could be damaging for us independents.  As for Sears, it gets a lot of cash into its bank account.
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Offline andersenappliance

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Re: Sears Loss/Wants To Sell Service Agreement Unit
« Reply #6 on: May 28, 2013, 03:15:40 PM »
"We plan to hold more press conferences and conference calls while going slowly broke by hollowing out recognized brand names like Craftsman and providing increasingly poor service in all aspects of our business.  We are looking forward to heightened stock options by levering the market capitalization through stock buy-backs and sales rumours.  We are forecasting increasing applications of golden parachutes and expect an easy transition to retirement."  Chief Financial Officer Robert Schriesheim said on a post-earnings call with analysts.

In a follow-up release, Sears is now rated a "buy" by CNBC's Jim Cramer and Nobel winning economist Paul Krugman.

Offline niobrara

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Re: Sears Loss/Wants To Sell Service Agreement Unit
« Reply #7 on: May 28, 2013, 07:13:31 PM »
LOL   :rofl:

Offline wildimaginations

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Re: Sears Loss/Wants To Sell Service Agreement Unit
« Reply #8 on: May 28, 2013, 09:06:51 PM »
Hey, don't knock it. Wait till they get rid of all the servicers and that department.  Think of all the cash they save.

http://finance.yahoo.com/q?s=SHLD&ql=1

But take a look at this other Sears stock that I found.  This is Sears Hometown and Outlet Stores, INC which apparently is different from the Sears Holding and it's a making money.

http://finance.yahoo.com/q?s=SHOS&ql=0
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Offline niobrara

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Re: Sears Loss/Wants To Sell Service Agreement Unit
« Reply #9 on: May 28, 2013, 09:19:46 PM »
When they get rid of service,yes they save money. They will also bring in less. If you look at what they owe, you wonder how they will ever repay that large of a amount.

 

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