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Sally Jones
Sally Jones
Articles (580) 

Edward Lampert Prunes Orchard – 52-Week Low, OSH 92.3% Off

April 13, 2013 | About:

The GuruFocus 52-week low screener reveals that Orchard Supply Hardware (OSH), the Sears home and garden improvement spin-off, is way off by 92.3%. OSH shares are priced at $2.14, from the high of $27.93. The 52-week low value screen also shows that Sears CEO Edward Lampert is one of three Gurus still holding on.

As of April 11, 2013, Sears CEO Edward Lampert, also founder of ESL Investments, reduced his Orchard Supply Hardware position again by 2.12%, with remaining shares at 1,005,329. He last pruned his Orchard position by 0.31% on April 1, 2013, and had trimmed multiple times prior in this quarter. Since first quarter in 2012, between shares bought and sold, Lampert’s average cost per share was $27, for a 92% loss.

Orchard Supply Hardware (OSH) has fierce competition in the home improvement and garden market, struggling to sell against giant, The Home Depot, and others. In December 2012 Orchard Supply Hardware filed a lawsuit against The Home Depot, the world's largest home improvement retailer, and two power tool makers, Milwaukee Electric Tool and Makita USA, claiming that the companies are running an unlawful group boycott, according to HCN.

The question remains, boycott or no---can Orchard Supply Hardware compete with titans for top-of-mind in California’s suburbs as the go-to place for power tools and the like?

Guru Eddie Lampert is an investor savant and one of the richest people in America.

Lampert’s OSH holding history:

Check out the GuruFocus special feature 52-week low screener. This special feature helps you find the stocks hitting new lows but are still held by top investor Gurus and Insiders. If billionaire Gurus own these stocks and are still increasing their positions, it means that they believe the stocks are undervalued. Researching these stocks may help you find deep valued stocks.

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: 4.0/5 (4 votes)


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