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11-17-2004, 02:47 PM | ||
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Kmart to buy Sears
Color me suprised I thought Kmart was on its way down and out of the retail business
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11-17-2004, 02:50 PM | #2 |
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this could save KMart's ass... they need to convert KMarts into Sear's and not Sears into KMart... I aint going to KMart to get pics for my kids. heh. ghetto ass KMart.
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11-17-2004, 02:53 PM | #3 | |
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agreed keeping the Sears name is probably in their best interest |
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11-17-2004, 02:57 PM | #4 | |
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K-Mart has been in the black for quite some time. Their stocked is now more than 12 times worth what it was a mere 18 months ago. It has been on the rise for more than a year. And Sears was in the same dire financial straits only months earlier. Neither K-Mart nor Sears will change their lines. Just K-Mart will now garner Sears profits.
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11-17-2004, 03:02 PM | #5 | |
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nope sure don't just remember the Stewart scandal, the closing of many Kmarts due to not being able to compete with Walmart, when you walk into a Kmart you see one lane open all day it makes you wonder too, I figured it was all doom and gloom for Kmart... |
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11-17-2004, 03:03 PM | #6 | |
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Yeah - real gloomy. |
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11-17-2004, 03:05 PM | #7 | |
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11-17-2004, 03:05 PM | #8 |
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so yeah the article says that Kmarts will be converted into sears outlets...I wonder if that means you can do your grocery shopping and power tool shopping all in one?
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11-17-2004, 03:05 PM | #9 | |
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is that how it works? |
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11-17-2004, 03:06 PM | #10 | |
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11-17-2004, 03:06 PM | #11 |
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I bought Kmart stock when it was $19, mostly on a real estate play. The amount of land they owned was worth more than the stock was being valued at that point. Needless to say, I've been pretty happy w/ the results.
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11-17-2004, 03:07 PM | #12 | |
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WalMart and Target already offer such services together.
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11-17-2004, 03:07 PM | #13 |
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I missed the boat big time. Didn't notice till it was at 45.
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11-17-2004, 03:09 PM | #14 | |
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I hope for the same results with IBC (now IBCIQ - Wonderbread). They declared bankruptcy only a few weeks ago and I bought ten times as many shares at just around 2 each. It is already at 4.25 and if it caps even 40 I stand to make a buttload.
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11-17-2004, 03:09 PM | #15 | |
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