Sears profit down 62%

[Black Landlord]

This most certainly can be attributed to backlash from the mr/f Shop-Vac gaffe.

http://apnews.myway.com//article/2008082...GQMO1.html

[kap]

I thought it had been down since Kmart took over!

[Lee3]

Whew! glad I sold it at $170 no matter what Jim Cramer said. It is now at $90 a share.

[Ombligo]

Kmart really screwed the place up. You ca't even trust Kenmore anymore.

[samintx]

[quote Lee3]Whew! glad I sold it at $170 no matter what Jim Cramer said. It is now at $90 a share.
Cramer has been very silent on this stock for some time now. He was a pimp on it after the reorganization. Bought for his trust but I don't remember him saying when he or if he sold it.

Their realestate is valuable..but it burns me because my local Sears no longer carries Lands End stuff. That was the only reason I went there (except to pay my Discover bill) was for the Lands End garments....No word why they stopped stocking them here.

[mrbigstuff]

I also used to pay my Discover bill there but gave up when it was safe to use the interwebs to do that.

But I really prefer Sears to Home Despot or Lowe's or any other big box store. They also have a kick-azz warranty policy that you can buy for about 12% of the sales price of an item that allows returns of items up to two years' time for any reason whatsoever and replacement of said item with the latest (equivalent) model. I just bought a jigsaw and this extra policy was only $10 and I can return it for a new one at the end of two years' use. Pretty cool. Plus, the Craftsman guaranty with tools makes it the only place I buy mechanics' tools.