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OSH Trades by Lampert and Gurus - Can Orchard Bear Fruit?

March 29, 2013 | About:
Sally Jones

Sally Jones

47 followers
In the world of garden tools, paint and outdoor furniture — where we shop for price — can Orchard Supply Hardware (OSH) compete with retail giants for top-of-mind among potential customers and flourish in California’s neighborhoods as the go-to place for home improvement? Only the Gurus know the answer, maybe. Meanwhile, California-centric Orchard Supply Hardware faces tough competition in the home improvement and garden market, selling against The Home Depot, Ace Hardware, Costco, Wal-Mart, Target, TrueValue and Lowe’s.

Here’s a look at what Lampert and other investor Gurus have been doing with Orchard Supply Hardware (OSH), down 48% year to date.

As of March 28, 2013, Sears CEO Edward Lampert reduced his Orchard Supply Hardware position again by 4.62%, unloading about 50,000 shares in his second trade this week. The OSH share price is at $3.96, with a 0% change from average. Guru Eddie Lampert is also manager of his firm ESL Investments and one of the richest people in America.

According to the Orchard Supply website, a key component of their repositioning and growth strategy includes transforming the store with a new "neighborhood" format. The company had 10 stores operating under the new format at the end of fiscal 2012, and plans to open four new stores and remodel six existing locations in 2013. Is this makeover-itis when consumers just want to buy a good shovel, fast, at the best price?

Lampert’s OSH holding history:



Here are the holding histories of other investor Gurus:

Guru Bruce Berkowitz’s Fairholme Fund OSH holding history:



Guru Mario Gabelli’s OSH holding history:



Guru Jim Simon’s OSH holding history:



Guru Murray Stahl’s OSH holding history:



As of March 31, 2012, investor Gurus who sold out OSH holdings were Steve Mandel, Michael Price, Chase Coleman and Jeremy Grantham.

GuruFocus "Real Time Picks" reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only. If you are not a Premium Member, we invite you for a 7-day Free Trial.

About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 2.8/5 (5 votes)

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