Sears Holdings Ups Stake in Sears Canada ($shld)

19 Nov 10:27am
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I just do not have a problem with Lampert shrinking the share base...Look at the billion spent by other retailers in the current environment. What has it got them? Nothing..

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Sears Holdings Corporation
(Nasdaq: SHLD) announced today that its wholly-owned subsidiary SHLD
Acquisition Corp. acquired on November 11, 2008, 326,700 common shares of
Sears Canada Inc. on the Toronto Stock Exchange ("TSX") at an average price of
C$16.37 per share. This acquisition represents 0.3% of the outstanding shares
of Sears Canada. Taking into account this acquisition, other purchases made
on the TSX and other published markets and the prior holdings of Sears
Holdings and its affiliates, Sears Holdings now beneficially owns and controls
77,683,290 common shares, representing approximately 72.2% of the outstanding
shares of Sears Canada.
The purchases were made to increase Sears Holdings' interest in Sears
Canada. Sears Holdings may in the future acquire additional common shares of
Sears Canada depending upon a number of factors including, among others,
general market and economic conditions and prices and volumes of shares
available for sale. In addition, purchases of Sears Canada common shares may
be made pursuant to an automatic share purchase plan that is currently in
effect.


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Disclosure ("none" means no position):Long SHLD, none
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ToddSullivan

A Massachusetts based value investor, I look for companies whose current valuation is at a discount to their true value. When I purchase a stock, my typical holding period is several years. I consider buying a stock purchasing a piece of a business. I am confident once I make a decision to buy that eventually the market as a whole will recognize the true value of the business and value it accordingly. It may take 1 month, 6 months or a year, but if I buy it at enough of a discount to its true value my results will be (and have been) superior to the market as a whole. Of all the disparate investing disciplines, value investing has stood the test of time. The great investors of have all been value investors. Warren Buffett, Ben Graham, Bill Ruane (Sequoia Fund), Bill Miller and Wally Weitz, all have consistently outperformed the market for decades by using various forms of value investing. Currently I am a contributing writer to Seeking Alpha, Vinvesting.com, The Stock Masters and Value Investing News. Posts have been reprinted in The Wall St. Journal, Yahoo Finance, Google Alerts, Google Finance, TheStreet.com. 24/7 Wall St. and Topix.net.