Any investors out there...

[thermo]

What do you think about the K-Mart stock right now? With all the financial trouble and talk of bankruptcy its down to around $1.50 per share. The CEO was demoted, but is still on the board, and the CFO is working with various institutions/banks, etc, to work something out. They are claiming they will not go bankrupt, and have priorities to get this place back to where it once was.

I remember a few years back, 2 or 3, maybe more when they got themselves into a financial rut. The stocked dropped significantly, then it shot back up after a while and paid off fairly nice.

Anyway, im curious to hear about your investments/portfolios. Maybe some strategies or opinions on K-mart. Ive been investing for a while, like to hear about others cash at work.

 

[Thick dog]

I don't know, the last few trips I've made to Kmart have been less than pleasant to say the least. I don't know how much longer they will last. at $1.50 a pop, it's not that big of a gamble though. Right now, if I were going to drop some coin on stock, which I 'm still waiting to see what the market is going to do over the next few months, I'd buy Oracle when it dips below 13 and Disney under 20, which both have and will do again. Some inexpensive energy companies who consistantly meet their numbers are CHK, ROIL, TMR, SPE, and CPN. I'd actually like to hear some more tips now too...

 

[Longhorn85]

I think KM would be a good buy, I just checked and it's at 1.68. If that company gets into much more trouble it will surely be bought out, I don't see it falling off of the NYSE.

I bought up some Enron cheap a couple of months ago at .75, but now it is off the NYSE. I think even it will come back to a few dollars eventually.

I like airlines right now too, they are very low, and surely will be back some day. I have AWA and UAL in my portfolio.

 

[thermo]

The bulk of my investments go to aggresive, long term growth through domestic equity. Compound intrest is a beautiful thing. Real estate is the kind too. Milking these cows like moo.
Off to lunch.

 

[Bry21]

Discount retailers as a whole were supposed to do good this year due to the shook up economy. That company must need some serious restructuring if it does bad then. Target seems to be the best company in that industry.

 

[gotmilk]

They are filing for bankruptcy. They have no way out of their leases which are killing the bottom line. They need a couple weeks to negotiate with banks before they file.

They are closing 250 Stores....with talks of another 200 after. Sadly, closing stores costs a lot of money too. Unless some other company like TarGAY takes over their leases, this will kill any cash position KM has.

Chuck was not demoted, he gave up his Chairman position. Schwartz was fired because he was a cocksucker.

Funny...Scwartz was tight with Walmart. It would make a great novel if Schwartz came to KM to fuck them over. Walmart has one of their best years ever while Schwartz runs KM into the ground by screwing with the corporate structure.

Wait till after the file, close stores, then buy in. They can never be a 2100 store chain, but they would make a great 1600 store chain once they boot their losers.

Avici will be a great stock by December. Their routers are far better than Cisco's and Avici's is the only one that can be adapted to other systems. Companies do not have to replace an entire system if they use Avici's routers. Hell, they have like $4 per share in cash alone.

 

[gotmilk]

thermo..I hope you did not buy KM.

They filed for Chapter 11 bankruptcy this morning.

It's 80 cents a share and dropping

 

[Longhorn85]

I can't see KMart disappearing from the American Landscape. It will surely be bought out by a competitor, and the name will survive. Who knows when the best time to gobble up stock will be, but it will surely get back up over 10 bucks someday.

 

[BuggyWhips]

Why not? Bradlees a similiar store went bankrupt and is now gone as well. Kmart has had problems for a while. and the market for this type of store atleast in my Area is saturated leaving a slim chance of wal mart or target byying them out. Things I have heard about the stores are that the help sucks and the places are dirty. Plus the over all quality of Target is somewhat higher in terms of their standards and the like. If K mark goes bankrupt and the selling of their stock is stopped all you will have is a nice amount of wall paper. Things dont look like they will be getting better anytime soon but if u wanna try to buy some call options on the stock to limit your total amount of risk try that. That way u wont loose as much...Kev

I can't see KMart disappearing from the American Landscape. It will surely be bought out by a competitor, and the name will survive. Who knows when the best time to gobble up stock will be, but it will surely get back up over 10 bucks someday.

 

[Longhorn85]

Just the sheer size of the customer base alone is worth a buyout by a competitor in my opinion. Bradlees did not have the name-recognition of Kmart. (I've never heard of them).

Come Christmas shopping time, folks will look to spend money at Kmart.