Sears Holdings Corp. (fka SHLDQ)

[retireat40]

They’re bankrupt now...

[Taurus69]

$shdl $0.18

[jimr1717]

Ouch! “No BK there”

[Taurus69]

$shld $1 with news

[jimr1717]

Ouch sorry

[MasterBlastr]

Oh well at least no one wasted their money on SHLDQ worthless assets . . .

[bar1080]

Yet another thing Eddie never anticipated when he bought into his Sears mess a decade ago... the simultaneous BK of JCP (and a bunch more retailers). No one wants Sears assets anymore. The courts were negligent in not speeding this along to protect the innocent creditors.

[bar1080]

"Trading halt on J.C. Penney". BK suspected for Sears main competitor.

https://seekingalpha.com/news/3575082-trading-halt-on-j-c-penney

[I-Man]

The internet is NOT the end all to everything. It is a "walk with the Devil" if you will.

Many do not buy over internet today, tired of private data abused in every way. Many like going into retail stores to see, feel, touch products and talk with REAL humans !!!

Many have canceled Facebook accounts even. Gotten back to real personal socializing...

[Termite7]

Sears_&_JCP had 25_YEARS_EACH to figure out the Internet.......



.....sadly, they refused & Amazon ate their lunch. Talk about failure to adapt. They're going to be a Blockbuster or Fotomat or Zody's.....

[I-Man]

Seems like there will be a JCP catalog though this year. No BK there. 8-K out this morning, price already doubled from close on huge volume. Late yesterday over 80 million volume alone! Someone knows something, but I know Sears is dead and stripped of any past dignity. JCP will be only oldest US retailer still going as many do not buy online, do not do facebook even, want to go into high quality retailers and not a Wal-Mart or Target- JCP fits that bill...

[chemist72]

News from yesterday: [url]https://www.msn.com/en-us/money/companies/american-brands-that-might-not-survive-the-coronavirus/ss-BB13OnAr?ocid=spartanntp#image=6
[/url]

"Once an American icon, Sears has struggled for years. In the years since 2010, its last profitable year, the retailer reported losses of $12 billion. After filing for bankruptcy in 2018, Sears continued to shrink operations after restructuring its debt, closing another 100-plus stores since, and staying with just under 200 stores, a fraction of the over 3,000 locations it operated at the beginning of the 21st century.

The coronavirus may be a death sentence for Sears, as all locations have remained closed as of early May. While all large brick-and-mortar retailers are facing challenges with the pandemic and the rise of e-commerce, Sears' shaky financial footing makes it uniquely vulnerable."

Note particularly the part about a "death sentence". I think many people figured that out a long time ago. Besides, whatever "SEARS" stores remain are not even owned by SHLDQ or did I miss something here?

[Termite7]

I remember their Christmas catalog!!!



....IIRC, there's some web archive of all the back issues somewhere.......

[I-Man]

Sears store in Hickory, NC (Valley Hills Mall) was under liquidation selling and set to close mid April anyway, then Carona hit and closed all malls stores everywhere, so sealed that stores' fate even sooner.

[Taurus69]

$shld $0.184

[just a learner]

A lot better than when I first started. I have learned a lot with a lot more left to learn. I'm in two no brainers at the moment. I just added them to my stocks.

[just a learner]

Thank you. I didn't know the people on this board had those problems. I'm personally not in SHLDQ, but I am always trying to learn any way I can. :)

[just a learner]

Thank you.

[Smilin_B]

The old Sears is no longer in business but the share price still has value to it based upon any tangible assets they possess as well as any type of deal they strike with bondholders at some point

[just a learner]

In that case, wouldn't this be going to zero? I don't think the old Sears is even in business anymore.

[Smilin_B]

This is what's left of the old Sears in bankruptcy

[Taurus69]

$shld $0.17

[just a learner]

Is this ticker the new Sears company that bought all or most of the old Sears in the bankruptcy, or is it what's left of the old Sears that went bankrupt?

[Taurus69]

$shld $0.1599

[Cabinguy3]

Hey Mike. Great to hear. What is the reasoning behind you thinking it will go to this? With that being said, I think it will as well.

[MikeBK205]

$1.75 with news , imo easily will see minimum $25-$30 be end of 2021

[bar1080]

Seems slobbering gambling addicts need their regular dose of excitement. CHK is on the NYSE and needed to maintain exchange compliance and to stave off other defaults. SHLDQ is pink and in BK. No need to raise the price.

Reverse splits are costly. Probably $200,000+++ for legal, filing and adm costs. That amount could go to long suffering creditors, employees... or more likely their lawyers/accountants.

Wrap this joke up. Taken way too long. Courts will soon be overrun by BK retailers.

[catty]

Smilin: Good question - who knows why!

[Smilin_B]

Why hasnt SHLDQ simply reverse split and open at $15 like CHK did?

[Taurus69]

$shld $1 with news

[catty]

amazing that it's still trading. I'm still holding on to a very small position - just in case.

[Taurus69]

$shld $.135

[CarlCarlMcB]

.000000001

[retireat40]

I didn’t say Sears. I said “this” meaning SHLDQ. The ticker will soon disappear.

[bar1080]

Sears is no longer listed on any exchange

[retireat40]

Soon to be delisted.

[Taurus69]

$shld $1 with news

[jimr1717]

Slap dat ask

[chemist72]

True. But penny trader addicts just can't seem to control their "addiction", whether losing or not. LOL

And that includes SHLDQ as well as other penny stocks.

[TRUSTUNITS1000000]

This was a stock where you could made millions in a few days .40 and went to dollars

[SPORTSPROPHET]

A HAHAHAHAHA!!

[bar1080]

??? "Traders will keep doing their thing, pocketing gains of a penny or less for each trade."

I don't see many possible gains... just penny traders doing what they normally do, losing on most trades.

SHLDQ is now at about record low.

[chemist72]

Yep, SHLDQ still trading. Will likely keep trading for the rest of 2020 come hell or high water. Why?

Traders will keep doing their thing, pocketing gains of a penny or less for each trade. But without commissions who cares? A profit is a profit. And in these current markets, that's especially valuable.

So yes, SHLDQ is still trading and will likely continue doing so until their shares are cancelled.

[CarlCarlMcB]

.000000000001

[TRUSTUNITS1000000]

Still trading lol

[rokkdatstock]

.1345? Tough Sledding for Sears

[jimr1717]

How we doin?

[bar1080]

This chart shows how worthless Sears RE is

"Buffett's Seritage REIT holding is plummeting. He owns those shares personally, not thru BRK (thank goodness)"

[bar1080]

"Conclusion

"Sears Holdings could remain in bankruptcy for another year as it tries to raise cash to pay various administrative claims in order to declare the reorganization plan effective. It could be a very long time, however, before the Liquidating Trust is wound-up. Eddie Lampert does not seem eager to settle the lawsuit against him.

"While SHLDQ shares will most likely continue to trade until the plan's effective date, the shares will be cancelled. Shareholders will receive no recovery and are not even beneficiaries of the Liquidating Trust that will be pursuing the lawsuit against Lampert."

https://seekingalpha.com/article/4334641-sears-holdings-remain-in-ch-11-bankruptcy-for-another-year

[bar1080]

SA: "Sears Holdings Could Remain In Ch.11 Bankruptcy For Another Year"

* "Sears Holdings could remain in Ch.11 bankruptcy for another year until it is able to pay administrative expenses.

* The lawsuit against Eddie Lampert and others is slowly moving along.

* Sears Holdings and Lampert finally settled their asset purchase disagreements after almost one year of fighting over the terms.

* "Opt-In" administrative claim holders got paid about 28.7% of their claims so far.

* Sears Holdings has no remaining employees."

https://seekingalpha.com/article/4334641-sears-holdings-remain-in-ch-11-bankruptcy-for-another-year