Eddie Bauer Holdings (fka EBHIQ)

[faust357]

Didn't say dick about us common folks..

[scram12r]

News


Eddie Bauer Returns to its Outdoor Roots With the Launch of the New Heritage CollectionBY PR Newswire
— 07:00 AM ET 09/16/2009


SEATTLE, Sept. 16 /PRNewswire/ -- This fall, Eddie Bauer (EBHIQ

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) returns to its roots as the Original Outdoor Outfitter with the launch of its new apparel line: The Heritage Collection. The new line pays homage to Eddie Bauer's (EBHIQ

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) founder - champion marksman, hunter and fisherman - and the classic styles that first wore the Eddie Bauer (EBHIQ

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) label. The collection represents timeless, essential pieces for the American sportsman, reflecting the same spirit of adventure and craftsmanship that Eddie, as master of field and stream, embodied during his long career.


Eddie Bauer's (EBHIQ

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) Heritage Collection features 22 new styles for men representing the classic sportsman, upland field, fly-fishing, and aviation. From hunting coats and rugged chaps to fly-fishing vests, moleskin field shirts, and leather bomber jackets, each piece is built on the principle of field-functional design and master craftsmanship. The collection uses only the finest materials, such as Eddie Bauer Expedition Cloth, a rugged, balanced weave cotton with a patented wax finish that's baked permanently into the fibers, creating a fabric that's highly water- and wind-resistant, breathable and abrasion-resistant.


The Heritage Collection is now available at eddiebauer.com and will be coming to select stores at the end of September 2009. To view the entire collection, click on the following link: http://www.eddiebauer.com/EB/Men/Mens-Heritage-Clothing/index.cat


For nearly 90 years, Eddie Bauer (EBHIQ

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) has been recognized as the Original Outdoor Outfitter in revolutionizing the outerwear industry. Major milestones include:

[lipton_tea]

.10!!! Get out the sneakers, looks like we're going for a run.

[luvhuntin]

What is going on?

[Time To Roll]

volume up today, this is good for a nice run IMO.

[lipton_tea]

8 HIT!

[luvhuntin]

Could use a little news!

[The Night Stalker]

GM MOMO, it sure does im getting bored looking at this i'd like to see some action right about now

[MOMO]

just needs vol~

[The Night Stalker]

Hey MOMO, what do you think of EBHIQ now? volume is lacking at the moment id like to see it pickup

[The Night Stalker]

A break of major resistance points at .09 and .10 and this runs 1 last time to .50

http://stockcharts.com/h-sc/ui?s=ebhiq&p=D&b=5&g=0&id=p11530901891

[The Night Stalker]

With this crappy volume its imposible for it to do anything, still gotta admit its holding well at .07

[temp luvs amy]

I have seen Lawyers slip on that before.

"It ain't over 'til it's over"

Shareholders should have been in the court on day one. Not my fault they didn't listen to me a few weeks later. I still don't think they are listening. I still think the "branding" was one of the most valuable intangibles. It wouldn't surprise me if the court gave it up for chicken feed. Nobody has disclosed that significant detail on an 8k, as far as I have seen. They barely even disclosed the number of tangible beans they counted, IMHO.

[temp luvs amy]

It would be nice to know if they retained any rights to the Logo or name. The IP suit could be years in the courts. Just because you buy the stores, and the clothes with the name on it legally out of a liquidation, it doesn't mean you have the right to produce new clothes with the brand name. Can you still buy those Ford trucks with a special Eddie Bauer edition, and who gets the royalties?

[temp luvs amy]

This could become a viable shell with a name change, and be worth a few pennies. I don't see it worth .07, but maybe two if they merge into the right company. I have enough shells to worry about, and this one isn't cheap enough yet.

[downsideup]

Given that it is worth exactly $0.00, which the company has told you, and it has no potential to do anything other than be de-registered ?

[lipton_tea]

There's only 30.8 million outstanding shares here, should move relatively easy with a little push. I personally don't see it going very much lower than .07 right now.

[temp luvs amy]

If you have enough money to throw at it, you can make any stock run. The question is from where to where. Sure, I want to own this stock. At about 10% of where it is now.

[The Night Stalker]

Its not like i said it would run right this very second , no reason to be a bully dude

http://stockcharts.com/h-sc/ui?s=ebhiq&p=D&b=5&g=0&id=p23463897154

break par sar at .10 then it runs duh

[downsideup]

Who ? Management ?

[lipton_tea]

If LEHKQ can run, this could as well. eom

[temp luvs amy]

Should they be running for the exit?

[downsideup]

A run ?

(sounds of toilet flushing...)

You mean like that ?

As temps points out, IF the shares make a run, it seems it will do so only as as a result of committing a crime... a fraud... ?

Of course, given the state of the markets, that doesn't mean it WON'T happen... but, it looks to me like the odds are against it. Management said they have the ability they need to take all the value and leave the shares worthless... and say they have done that already, and they also said they still intend to take any other value that does appear... and I haven't seen a reason here, yet, to expect they are lying to you about any of it when they tell you they are screwing you... completely ?

[The Night Stalker]

It could happen but its gonna take time

[The Night Stalker]

The chart is shaping up for a run.

http://stockcharts.com/h-sc/ui?s=ebhiq&p=D&b=5&g=0&id=p23463897154

[temp luvs amy]

Let me know if you see anybody following that ambulance. Does the new managing have any new expectations of the stock performance, or does he expect them to be worthless as well?

[temp luvs amy]

Cool. Now I know who to call when I bring this POS to its knees. What is the address for service of legal process?

[Time To Roll]

ddie Bauer Holdings Appoints Brent Kugman Chief Restructuring Officer

http://news.prnewswire.com/DisplayReleaseContent.aspx?ACCT=104&STORY=/www/story/08-27-2009/0005084136&EDATE=

[temp luvs amy]

Interesting story about Vincent Van Gogh. He was arguing with Paul Gaughin, so the story is told. In my version, Gaughin didn't listen to a word Van Gogh said, so Vincent cut his own off and gave it to Gaughin. Why don't people listen? You want to borrow my ear? I have two of them, and I heard the CEO say that the shares would probably be worthless.

The moral of the story could vary depending on the situation, but one recurring theme seem to be; "Never argue with a Frog," ie Frenchman, surrender monkey, etc; unless you plan on being ignored. Don't worry honda, I won't argue with your enthusiasm, but I await your surrender.

[hondaboost]

Anybody could tell whether EBHIQ has preferred shares being listed, please? If yes, what is the symbol?

With just 30 m S/O, I'd think that EHBIQ is going to higher from here.
Every dip time is a good chance to add.

Thanks a lot in advance.

[temp luvs amy]

It is probably one of the most reliable projections the manglement ever made. It is a fixed race. They declared the expectation of worthless shares, and quit. The mutual funds won't argue. Don't kid yourself, they were in and averaging down.

[downsideup]

LOL. I suppose, given the structures we have... you could short the shares now, based on managements pronouncements, and if they do all that, then you could sue them for violating your non-shareholders rights with their misleading statements, and extend the dates in which the harm imposed might be suffered. That obviously wouldn't work if their actions were fully legit... but, if their actions AREN'T legit... it might actually be useful.

[temp luvs amy]

Exactly.

I formulated my exit strategy based on management's statements. Any shareholder, corporate, or legal action would be announced. A shareholder legal action would contain a "class" designation of a date which has already passed, IMO. A corporate action would require that new directors and officers be installed. All these things take time, and are affected by class periods.

[downsideup]

Agree.

The issues with expecting change from the pattern in EBHIQ management behavior ? If they DO as you suggest is possible, and put value back into the shares after saying there wasn't a chance that would happen ? I think it is not just an issue of exposing themselves to shareholder liability, but that it seems unlikely that they would alter the course and the pattern in their behavior without having done so in coordination with others for purpose... to enable a benefit from doing so... ie, with a purpose to enable profits from insider trading.

What they have done thus far is repugnant and unethical, and I would say, borders on the criminal... certainly seems to have potential, at least, for civil legal action were shareholder to decide to act, but, it will not matter if the shareholders do nothing about it. If they do as you suggest they might... I think they will be looking at an entirely different set of challenges... with risks that won't depend on shareholders acting.

[temp luvs amy]

Did you ever hear Yogi Berra's famous line:

"It ain't over, till its over." Anytime the company uses the word "expects," it ain't over. I decided to go with the investment forecast of the management and wit for the shares to be cancelled or worthless. I won't be holding my breath for them to return to make it happen. I think the CEO went out for a pack of smokes. I am not expecting him to make it back to guide the company into any other direction, but will patiently await the expectation unless I hear something about shareholders banding together. I doubt that. Mootches(funds)don't have any teeth. Most of them are stuck in "trees grow to the sky" mode.

[temp luvs amy]

In a highly leveraged bankruptcy, the creditors only recieve ten cents on the dollar, and then it becomes justified for shares to be cancelled. When a company enters a bankrupcy with equity, the furthest thing from the mind of the Officers and Directors should be the satisfaction of unpaid future lease revenues to landlords. (commercial rents are way down, morons. Can you say "Glut" or "ten percent unemployed?") the quick in and out move leads me to supect that they left the landlords 100% in control, and will lose most of their investment, and come to market with an IPO to stay in business.


The Judge clearly recognized that the convertibles were a "hybrid" debt instrument, and should not have been fully satisfied under any circumstances. Unfortuanately, she must have been bound by the auction terms, and there were no higher bidders for the other creditors, ie BofA, landlords, and suppliers. I have little reason to doubt that the "hybrid" holders were short against the box, and made at least twice their original investment, and will again make a fortune when the "New Eddie Bauer" IPOs. There is another one born every minute.

[downsideup]

Either way, the management that removed the value that should have remained attached to the shares. When they tell you they expect the debtors they work for instead of shareholders in doing that, won't be satisfied unless they do get all of the value, why would you not believe them ?

[downsideup]

I agree with your opinion, that the shareholders here are victims of a theft orchestrated by management, who improperly allowed themselves to be co-opted from focusing on their fiduciary responsibilities to the shareholders.

Look at HKFI back in March of 2007 for a chart of a stock with the sort of outcome a BK can create, along with some decent trading opportunities.

Trading in clearly worthless stocks isn't exactly the sort of value proposition I'm interested in... where what you know that others don't or can't understand, can't limit the risks. I think it is likely a responsibility of trustees to ensure the worthless stocks are not allowed to continue trading... and it is probably worth looking at why it seems they are not meeting their responsibilities in that regard. If a lawsuit won't help to solve the problem, regulation or legislation will.

[temp luvs amy]

"For every BK stock, the common shares are worthless actually. "

Incorrect.

Spectrasite emerged from BK with a conversion of old stock to new. The stock soared, and the company was bought by American Tower in 2006.

Al BK's are not created equally. I have seen stocks retain much of their value. It depends on the leverage and the cash flow. This was an unusual emergence. They went in with minor leverage, and major assets, and emerged with nothing.

I happen to believe that shareholders were victimized by a hedge fund and suspect they had ties to management, but that is only my opinion.

[hondaboost]

For every BK stock, the common shares are worthless actually. BUT, take a look at all bk stocks like MTLQQ (GM), CEMJQ.... they've been all running hard after bk.

While they have huge S/O, MTLQQ: 650 m; CEMJQ: 320 m. EBHIQ: 32 m.

So, I'd strongly think no problem for EBHIQ to go to $0.5-0.6 ranges, it's just the time.

We'll see.

[temp luvs amy]

"management of the Company believes that there will be no value"

Is that the management that took the $2.5 million and then resigned, or the leftovers who weren't given jobs with the "New Eddie Bauer?"

[cosmoworld7]

honda, just because one company runs, it doesnt mean all of them in a similiar situation will. what else makes you htink this will go to .50 - it seems highly unlikely IMO...

[downsideup]

From their latest filing:

"As previously announced, management of the Company believes that there will be no value for common stockholders of the Company in the bankruptcy liquidation process. Stockholders of a company in Chapter 11 generally receive value only if all claims of its secured and unsecured creditors are fully satisfied. The Company believes that the claims of its creditors will not be fully satisfied, even after completion of the Sale or future sales of remaining assets, if any, in the liquidation process."

If you can't figure that one out... I think they've also said they will cancel the shares.

[hondaboost]

EBHIQ will go to $0.5 - $0.7 ranges as CEMJQ did. While EBHIQ has just 30 m S/O and CEMJQ has 340 m S/O.

[temp luvs amy]

You might want to look at the BK filings, and find out if EBHI still owns the Trademark. I can still say that the trademark has value if it was not declared as part of the purchase. If EBHIQ owns it, the stoes would have to pay EBHIQ to use it. From what I see, the holding company only owned stock in Eddie Bauer, Inc.; and that is company which was sold. I think the trademarks went with the sale, but I could be wrong.

You would have to research the actual court documents to find out for sure. Fiske resigned, and that is fairly consistent with the view that the company is dead.

[scram12r]

Yes I'm up quite a bit. I understand that its worthless,but climbing..WHY?

[temp luvs amy]

Doesn't the wallpaper have arrows? The exit should be clearly marked. Use door 8K.


"As previously announced, management of the Company believes that there will be no value for common stockholders of the Company in the bankruptcy liquidation process. Stockholders of a company in Chapter 11 generally receive value only if all claims of its secured and unsecured creditors are fully satisfied. The Company believes that the claims of its creditors will not be fully satisfied, even after completion of the Sale or future sales of remaining assets, if any, in the liquidation process."

[luvhuntin]

If you are a newbie and just got in you should be up big.

[scram12r]

Is anyone out there still holding this? Newbie and looking for exit.

[temp luvs amy]

Also, this has to be one of the "sickest" BK's I have ever seen. They basically walked into court with $125 million in shareholder equity, and left the shareholders with expensive wallpaper. I hope the shares at least have a nice "EB" logo on them.