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BC is the stock picker!

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  • BC is the stock picker!

    Sears gets bought out..unreal!

    http://biz.yahoo.com/rb/041117/retail_sears_kmart_8.

    It is crazy how KM can buy S when they are barely out of bankrupcy themselves.

    I dont blame them for using their high currency to make the purchase though.

    What an amazing deal!

  • #2
    Funny thing is that the one thing that I kept hearing from Analyst was how Kmart and Sears would now have to get a lot more products from China thus hurting the economy here. However, only one Analyst pointed out that Wal-Mart does $15 billion a year with China which is more than Russia or the UK does with China. And like he said Kmart and Sears can't really compete with Wal-Mart, but they will have to adjust to the pricing structure that Wal-Mart follows which is going overseas for products.

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    • #3
      Martha Stewart sits in Celebrity jail and she's making millions off this deal. Can I get some of that.....

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      • #4
        BC,

        You are 100% correct...MSO has been on fire. I cannot believe it was at 7 bucks now over 20???

        I also agree that no matter who is the CEO on KM or S there is ZERO chance for them to compete with WMT..there is no way no how they would ever beat WMT.

        I was also shocked to see that S is still down on the year even with this runup..

        Amazing.

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