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Grass Hopper
Grass Hopper
Articles (550)  | Author's Website |

Murray Stahl on Sears Hometown

March 02, 2014 | About:

Suffice it to say this much: in the case of Sears Hometown (NASDAQ:SHOS) I have some stock. I'm not selling mine. It's a big factor in appliances. There are 22 million shares outstanding and you know what appliances are tied to. Appliances are basically tied to two things—home sales and home renovations. So it's a nice balance sheet. It certainly doesn't have any major liabilities. If and when —maybe I should say when and not if—home sales and home renovation activity in this country return to normal, there's a lot of operating leverage for Sears Hometown. If they don't, well then the share price reflects it.

Source: FRMO Corp. Q2 2014 Conference Call

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Rating: 4.5/5 (2 votes)

Comments

vgm
Vgm - 2 years ago    Report SPAM

GH -- Thanks for the post. But please note that Sears Hometown has the ticker SHOS. Sears Holdings is SHLD.

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