InvestorsHub Logo
Followers 138
Posts 11982
Boards Moderated 0
Alias Born 08/23/2012

Re: jimr1717 post# 895

Thursday, 05/05/2016 3:32:53 PM

Thursday, May 05, 2016 3:32:53 PM

Post# of 37346
I'm thinking we visit all time lows around sub-$10, I mean look at the market cap as the general market has been in a bull market. Can you imagine what this stock looks like in a bear market? Lampert has enough money and SHLD has enough real estate that they can probably keep this party going a couple more years, but it is true bankruptcy is inevitable. They gave up on their brick and mortar stores 4+ years ago and have funneled all of their cash into a website to compete with Amazon!? LOL I'd guess they will strip out enough value from their real estate to wash their liabilities and maybe leave a couple bucks for their investors. But that $170/sh valuation that Fairholme has assessed is the most ridiculous thing I've ever seen.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.