Discussion in 'Stocks' started by mikeenday, Jun 27, 2011.
it's going to see big drop soon.
I have been saying for 2 years that this company is in trouble, they are going to be closing many stores, I am surprised they havent closed thousands of stores yet since the the merger with Kmart. Sears has clothes which puts it up against Macys, Kohls, JCP, Target and Walmart, they sell Electronics which puts it up against Best Buy, Target, Walmart, they sell Tools and Washer Machines/Dryers which puts them up against Home Depot, Lowes, Best Buy....Sears does have its bases covered, but with a slowing economy and too much competition still out there they are struggling big time. Stock is down over 50% from its peak and I still see another 50% drop in it over the next 18-24 months.
covered at 70.1 and went long here.