This is both awesome and awful..
Sears Holdings Corporation announced that for fourth quarter of 2010, it expects net income to be between $385-$465 million or between $3.36-$4.06 per diluted share (EPS). For fiscal 2010, it expects net income to be between $190-$270 million or between $1.61-$2.29 EPS, which also excludes the potential fourth quarter impact, if any, related to store closings and impairment charges, restructuring activities including severance, and mark-to-market gains and losses on hedge transactions executed by Sears Canada. For fiscal 2010, it expects adjusted EBITDA of $1.720-$1.830 billion. According to Reuters Estimates, analysts were expecting the Company to report net profit of $315 million and EPS of $2.60 for fourth quarter of 2010 and net profit of $183 million, EPS of $1.38 and EBITDA of $1.462 billion for fiscal 2010.
It is awesome because we own shares and are thrilled at the results. It is awful because for several days recently when the stock was at $82- $85 we toyed with the idea of buying some $100- $110 options on Sears but did nothing.
Oh well, still very happy, just not dancing….