NEW YORK, NY (NAMC) - (August 30, 2007) - Sears Holdings Corporation (NASDAQ: SHLD) has been a darling of Wall Street since Mr. Eddie Lampert revamped the company and brought it back to life. The retailer that has approximately 2,300 full-line and 1,100 specialty retail stores through out the United States running through their chains Kmart and Sears, has posted their second quarter earnings this Thursday.

Sears announced this morning that their fiscal second-quarter net income fell to approximately $176 million, or $1.17 a share and that is a big drop from their $294 million, or $1.88 a share net income posted for the same period a year ago.

Granted that last year's 2nd quarter income included a litigation settlement from a Visa/MasterCard antitrust situation which added approximately 14 cents a share to the company for that quarter but even without that 14 cents per share earnings the Company still falls short for the quarter.

Now this may seem bleek but in reality investors may want to look at this as a buying opportunity should the stock open up sharply lower today. Revenue for the second quarter which ended on August 4, 2007 fell approximately 4.3% to $12.24 billion from $ 12.79 billion. Now the average analyst estimate was earnings of  $1.13 per share based on revenue of $12.3 billion.

So you will see a comparison from 2007 to 2006 from most financial news reports but analyst have already taken this into account and their earnings are close to being in line with what was expected.

Investors that are following Sears intently may find themselves in a position to take advantage of the lower stock price of Sears should it slip down on this news.

Keep in mind that retailers are just ramping and the holidays are just around the corner.


Louis Victor
NAMC Newswire
www.namcnewswire.com

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