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I think that we will hear the decision after hours on Monday? But hopefully looking for a little bit of a leak here today
Let the buying begin!
Easy money
$1.5 next Monday
Court session is 15 minutes in. Just waiting on the big leak
Wall taken out :)
Up 5% on low volume. Holding pattern waiting for court news. Could get vertical in a hurry.
chart says we are about to move!!
Shorts still refuse to cover
Foolish shorts
Are we going to hear news today?
I expect the formality to take less than 30 mins.
All rise!
Court is in session!
The Honorable Judge Drain presiding!
On our docket today and Monday is the buyout offer for Sears and Kmart at $5.2 Billion!!
If no objections, so ordered!!
http://www.nysb.uscourts.gov/calendars/rdd.html
Where has there been any official or unofficial rumors of Sears and Amazon linking up? If it's just a wild imagination, people should calm down and realize the world doesn't revolve around their portfolios.
It is the most logical next step for BEZO!!!!!!!!!!!!!!!
Would seriously cut down on their overall costs to have a touch and feel store as well as a product pick up and one stop shopping.
I have suggested this is what is taking place here for over 3 weeks now
And truly believe this is exactly what is taking place here.
Shorts may really want to RETUNK their positions here and do it in a hurry up
I guess no one else could read that ownership update it might just be me but if it was great why no volume and this junk is lower then it was to start the week lol OVER!
I suppose volume will tell us how that goes.
e
Amazon can get in on the cheap.
Court begins in 20 minutes :)
I honestly feel like Bezos is looking to take on Walmart with a Wholefoods/Amazon products store front using SEARS as the front.
You're at the right place this time Andy!
Looks like they got there shares increased as well! Deals already done, media just throwing dirt on it to make it look good!
I agree, I believe Wholefoods in SEARS is already becoming a reality. I meant that on top of Wholefoods.
how about whole foods? amd sell big ticket items like tv's tools and appliances ans cloths
I'm outside hiding behind the fake bushes of the courthouse ready to record
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
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