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They are just going through the motions. It's standard practice for them to get involved in these cases, otherwise they'd be irrelevant.
All the while Sears could and should focus on their bread n' butter...appliances and hardware.
Important thing to remember about the PBGC below. They are not altruists looking out for the employees pensions; they are looking out for themselves, and they will be just fine.
“The PBGC get no taxpayer dollars but is instead funded by insurance premiums and recoveries from failed plans.”
10 AM Eastern:
http://www.nysb.uscourts.gov/calendars/rdd.html
45 minutes until showtime!!
Your right in track ~ lcbm68
Just a guess, but what if Amazon uses SEARS store fronts to sell Amazon products? They have been buying all kinds of companies to sell their own brand of products. IMO.
Judge has approved the sell long ago on his mind. Today is just confirmation of it...
Very quick hearing and signing...
Shorts are so screwed. Better cover
Someone may have already said this so I don't want to retrace. I was thinking about Amazon and how they could benefit not just from taking over certain Sears locations and turning them into Whole Foods or a scaled down version as part of the store, with potentially a mini version of Sears with best selling Sears products attached.
This would allow Amazon to utilize Sears prime, high traffic locations for grocery sales, but also as pick up points for Amazon Prime customers for their goods.
They could even use their huge warehouse capacity around the country and shipping optimization to assist Sears with online business and ship their products to customers via Prime service.
Many potentially viable revenue streams the two companies could look at which would make sense for Sears sustainability.
Will be interesting to see how this all plays out over the next few months.
Peace.
CF
Good catch. I believe it will reemerge in tact.
Yup hold up the price so Eddie can sell between.505 and .52 boy next week should be fun for shorts !!!!
Short squeeze coming soon imo:)!
True, but I was more interested in the last paragraph of the article talking about how it is unlikely the judge would reject Lamperts proposal being its the only bid to keep SEARS going.
Dollar land imminent
Pension gets funded by insurance claim, unsecured creditors get what has been set aside for them, 50,000 people keep there job, communities keep there store, diehard lives on, Kenmore lives on, the IT department is a huge hit, and remaining Sears is left with less over head more working capital and a smaller footprint and of course commons stay intact! I think it's a win, win, win overall!
Is that what he's on ? How do you know ? Where is SHLDQ headed ? Where's the crack ? All these questions I have
Super short squeeze coming
$$$$$&
most bankruptcies the pensions are wiped out especially if the company forced the employees to buy its stock at much higher prices under the it's an employee benefit program. Alot of pension plans are supposed to be independently owned and operated separately from the company.
If the company is ripped apart and disolved the pension plan is done for and wont matter because there will be no company to make up the short fall.
The pension plan is probably going to be wiped out in some form regardless of what options are pursued.
I keep seeing 2 different dates for the court hearing. Today and Monday. Which is it?
Absolutely agree with your post!! Good Job!
12 million shares covered would take a week for the shorts to cover. They are going to lose one imo. Its about time too.
I suggest highly you cover your short position.
Speaking of shorts, there's a mention I believe I'm going to take a position in. Sears is going to destroy what's left of JCP. That ticker is in trouble
The wait is over. We shall see if your right or if 10 million margin calls get triggered lol
Your logic is astounding here. Please for the sake of your dignity, your humanity and just so the world doesn't think your a narcissist a..hole DON'T EVER DISPARAGE ANOTHER HUMANS WANT OR ABILITY TO EARN A LIVING BECAUSE IT'S NOT HOW YOU DO IT.
I'M ON TEAM HUMAN, YOU SHOULD BE AS WELL.
I’m would be worried if I owned this higher then .6 and after today higher then .5 and after next week higher then .0001 !
they passed that law that Congress can be prosecuted for trading on insider or confidential information several years back because before that they were exempt from the law and would take full advantage of insider trading.
You figured out the disposition of shares yet?
Lionwarrior answering what his long term plans for the 40,000 workers and the severance plans is no way insider information. I feel a 1 year employment guarantee is not sufficient. Not continuing to provide royalites from Kenmore and DieHard two of the most recognizable brands into the pension system is not good faith either. You know my position as I stated I am long but do you in good faith as an employee or pensioner of sears feel he is acting in there best interest or the best interest of his hedge fund.
How long you been trading otc stocks there are triple 0 stocks that show $2000 on the ask in PM lol means NOTHING stop pumping this poop !
Billion Dollar Retail Giant w/Stock
I disagree. I think he genuinely is concerned and wants to help them keep their jobs. My issue with the Warren article is either it is 1 fake news.... or if she really did that she has no room to talk as she is immorally trying to line her own pockets with insider information. Her requesting him to tell her privately the plan is immoral and illegal. Especially given her interest in real estate herself. This is exactly why we have a judge who will hear the plan and decide what is the best going forward. I believe Judge Drain knows what he is doing and will do the right thing. I also believe he Lamperts plan will be exposed begore 2/14 or whatever the date was the article had in there. So to me the article was pointless. Its either fake news or if its real news then her real intentions should be investigated. Either way I believ judge will approve and we will move forward.
Confirmation of the the sell will happen fast today. Judge has to move on this deal and let Sears free to prosper and provide for thousands of families...
Looking forward before noon update from the court news...
Lol showing $200 ask. Oh how I wish that were real
This is going to SkyRocket by end of day Monday !
Judge Drain should pause a moment and before confirming weigh in on Warren's 8 questions for Lampert and Sears fate if sale is confirmed. Remember Lampert has not truly detailed any business model, employee benefits packages, etc in the sale. Should that information be afforded to the judge to see if Lampert is buying this in good fate or buying it for specific assets.
Warren is asking Lampert, among other things, to provide “specific details” about his long-term plans, to explain how he’ll protect workers’ pensions and severance, and to explain how he will avoid conflicts of interest moving forward.
I personally do not like Warren and her Politics but I have to side with her on this. Lampert is not saving 40,000 jobs. He is mainly extending them for 1 year. In his takeover bid there is no guarantee those jobs will be there after 1 February 2020. If he is looking out for the best interest of the 40,000 employees lets make the employment guarantee 5 years or 10 years (give people piece of mind) or attach a severance package if there jobs are loss that gives them a few years of pay and full benefits. I have no vested interest in the 40,000 people or Lampert I have only vested interest in the stock price going over .56 so I can start making a profit. Posters on this board need to stop saying Lampert is doing this for the 40,000 jobs. That is a lie.
It won't.maybe 2s to 3s.is not way will reach 10.look at other retailers.JCP, MACYS,They taking a beating what make you think this will hit 10s.
Excited and ready to see what happens today!!!! Lets go SHLD!
I think they’ll uplist again as soon as the Q comes off as they’ve maintained their fully SEC reporting status
I think it will be sooner than that
SHLD easily will take a run at Macy's. Eddies got a plan. Better set em to 25 IMO
I am a novice that does my due diligence. But thanks, I hope that I am right. All in. I had plenty of help from the board.
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