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.
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 Mario Gabelli’s OSH holding history:
Guru Jim Simon’s OSH holding history:
Guru Murray Stahl’s OSH holding history:
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