HH Gregg Inc. (HGGG)

[oich]

Equity value really depends on how the sale of inventory is going. They listed $169m in inventory that they are selling. Anyone have any idea how that is going? Or even have any guesses at what percentage they can sell the inventory?

My guess is presumed on the cap on rejection of leases mentioned by keekee earlier. They shd be able to get out at 15% or more of their lease obligations. If there are long term leases of 10 years then that number would improve. I saw one doc listing $145m in past due rent and lease obligations (hopefully not too much past due rent as that would not be subject to the cap). I also noticed that they were even able to sell their Towson lease for $1.1m so some of the leases may actually have value versus being a liability.