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Monday, April 09, 2018 10:18:00 AM
Summary
At $2, the company sells for an inconceivable .21x book, .02x sales, 25% of net current assets, and has a 41% adjusted net debt to tangible equity ratio.
The company is turning around, and is likely to report a small positive adjusted EBITDA for 2017. Gross margins improved by about 300 basis points in the most recent quarter.
The company will complete the separation of its I.T. systems from Sears Holdings over the next couple months, reducing systemic risk.
Reflecting its strong balance sheet, the company has inked direct buying deals with Whirlpool, GE, Samsung, and Husqvarna. It has also just recently obtained a new $40 million term loan.
Insiders, and 60% shareholder Eddie Lampert, are buying shares in the open market. The short position, at 145 days-to-cover, may be the highest on Nasdaq, creating extraordinary short squeeze potential.
https://seekingalpha.com/article/4159047-misunderstood-sears-hometown-confused-near-death-sears-holdings-offers-massive-upside
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