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 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 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...
View ArticleOrchard Supply Taken Out To The Woodshed- Will Sears Holdings Reap What It...
Eighteen months after it was spun off from Sears Holdings(SHLD), Orchard Supply Hardware(OSH) announced that it had filed for Chapter 11 bankruptcy protection and had reached an agreement for Lowe’s...
View ArticleSears Contemplates End Of Lands’ End As It Explores Spin Off Of Iconic...
It was, some thought, a mismatch from the beginning. When Sears(SHLD) purchased Lands’ End for $1.9 billion in 2002, the New York Times spoke of a union of “pants and power drills”. The hope of...
View ArticleBarron’s Warns On Heavily Leveraged Lands’ End
Another week, another heavily leveraged spin from Eddie Lampert. Just last week, Sears Holdings(SHLD) shareholders received shiny new shares in Lands’ End(LE). But Sears received a bigger gift- $500...
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