52-week low screener
reveals that Orchard Supply Hardware
, the Sears home and garden improvement spinoff, is off by 86.1%.
OSH shares are priced at $3.89, from the high of $27.93. The
52-week low value screen shows that Sears CEO
is still holding on, but he did just reduce his position slightly
by 0.31%, as of April 1, 2013. Listed as a 10% owner of Orchard
Supply Hardware, Lampert currently holds 1,027,115 shares after
Orchard Supply Hardware (
) has a market cap of $23.89 million. The P/B is 9.05.
The company history paints the inception of Orchard Supply
Hardware at the grassroots of the Great Depression. In 1931, 30
California farmers, mostly prune growers, formed a co-op to exert
purchasing power for farm supplies. As time went by, others in
the neighborhood recognized Orchard Supply as a good place to
shop for things like shovels, ladders and hammers. By 1946, the
cooperative had almost 2,000 members and Orchard Supply was
recognized as a leading hardware store in San Jos�.
Fast forward 65 years later: When Orchard Supply Hardware
completed its spinoff from Sears Holdings Corporation in December
2011, Mark Baker, Orchard president and CEO, said: "We look
forward to Orchard being an independent publicly traded company.
During the past year, our team has made significant progress
toward developing a differentiated home improvement retail
experience. We're implementing new customer service initiatives
and merchandising strategies, and have begun transitioning our
stores to a new updated and customer-friendly format that more
effectively showcases our merchandise and service offerings. We
believe these actions will enable us to leverage the 80-year
history of the Orchard brand in order to drive long-term growth
and build value for our shareholders."
It seems like an 80-year history should count. But Orchard's
sweet beginning of organic growth from local demand and farmer
kinship has been obliterated by today's made-in-China retail
race. Like the orchards that became an endless horizon of homes
in the Santa Clara Valley, Orchard Supply Hardware's retail
philosophy, "Take good care of your customers and they will take
good care of you" may also be lost as consumers shop hard for
things made by competing retail giants with access to
better-cheaper-faster manufacturing overseas.
Meanwhile, will investor genius Lampert continue making "whisper
trades," possibly backing out, inch by inch?
Orchard marketing provides a friendly, neighborhood concept that
should have worked. But the visionaries did not really factor in
the way real people shop today. It's a nice story, but we as
consumers no longer care if Orchard Supply was once the Dust
Bowl's "Prune Palace." We jump in the car and race to the place
that is closest to where we live and sure to have the selection
and the best price. If going to a certain store can save us time,
the real commodity, we will even spend a few more pennies without
What will Guru
do next with his spinoff? Is there time to re-imagine?
Lampert's OSH holding history:
Top investor Guru Eddie Lampert is also manager of his firm ESL
Investments and one of the richest people in America.
Check out the GuruFocus special feature 52-week low
. This special feature helps you find the stocks hitting new
lows but are still held by top investor Gurus and Insiders. If
billionaire Gurus own these stocks and are still increasing their
positions, it means that they believe the stocks are undervalued.
Researching these stocks may help you find deep valued
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