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Look at MM bringing it down so shorts can cover this is total security violation at its best
Omg it’s going down for the count ! Sucks
I just can`t see where any bk judge wants to put 50,000 people In the unemployment line......like most big-box stores, I`m sure 50% or more are in the esop......companys like H D made millionaires out of the early employees.....most allow up to 15% of gross pay, and you purchase shares at a 15 or 20% discount to market....have to hold for a year!......it`s no-brainer......therefore probably more than 25,00 employees are vested in sears.......a judge would be a fool to discharge the shares.......just need to hope lampert has a kick-ass re-org plan......SEARS WILL LIVE ON!!
$$$$$$$$$$$$$$$$$$$$$$$$ sears $$$$$$$$$$$$$$$$$$....GLTA
KABOOM BOYAAAA $$$$$...JMO
Did anyone notice that Sears did just under 4.5 billion in rev Q1 2018 with positive earnings. imagine trimming some of the debt with this BK.....
unless I can't read PCBG isnt on the docket.. PCBG inst from what i understand short because they bought 1.7 billion in to Diehard and Kenmore years ago to protect the pension incase sears goes in to BK. they are upset because lambert put 0 for the value for these entities on the buyout.
Friday and Monday are the next days for Sears on Judge Drain‘s docket. We are very excited.
https://restructuring.primeclerk.com/sears/
None whatsoever
wait when Lampert and his buddies start buying after 60 day waiting period will launch this stock up significantly. I agree with Green we will be one dollar range plus as positive news role in will start moving up just like GGP.
GL
Very good article... encourage all to read if you haven’t
I just picked up 3500 shares. What are any reasons judge would deny?
thelionwarrior, I agree BUT the wait will be very short as commons FATE will be known on 2/18/2019 because the POR is due on this date.
If all goes like I hope and based off other bk stocks I was in at one time.... I would guess short term it will gonto $1.15 ish and sit between $1-$1.50 for a while till people see improvement in the company. Just my opinion
What is your price target short term for the ordinary shares that we hold at the moment and maybe you might hazard a guess at a time frame or anyone else reading this.
I won’t hold anyone to it it’s just that I need to go away for a few weeks and I won’t have access to a computer where I’m going
Come on..stop it...I’m all above positivity and I want the moon and back..but $30?
MUST READ-ABSOLUTELY HUGE-SEEKING ALPHA-OPINION-COMMONS ARE SOLID
https://seekingalpha.com/article/4234151-sears-holdings-missed-big-short-miss-big-long
Sears Holdings: You Missed The Big Short, Don't Miss The Big Long
Summary
The 5.2 billion-dollar bid by ESL will be approved by the Bankruptcy Court.
The common stock of SHLDQ will not be wiped out, but all shareholders should buy Warrants and Unsecured 12/15/2019 Bonds to protect against dilution.
The 2nd Lien 10/15/2018 Bonds are worth par plus accrued interest.
Eddie Lampert has not been self-dealing. All shareholders received a pro rata share of all spin-offs.
Sears Holdings: The Big Long
I believe Sears Holdings is a much better investment than GGP, the detractors and naysayers say based on the Chapter 11 filing. I should admit I am wrong about my sum of the parts thesis and the value in SHLD.
However, the drop in stock price and bonds makes the opportunity even greater. I still see significant value in the Bonds, Warrants, and Common stock based on the amount of the ESL Bid and the long-term prospects of Sears Reinsurance and a nearly debt-free Newco. You clearly can't pay over 5 billion dollars for a company worth zero on a going forward basis.
Assuming most of the debt that is not already (PIK) Paid in Kind will be converted into newco equity, the new entity will emerge or go public:
A. With no pension payments for two years (The pension is still underfunded but paid up until at least 2020)
B. With no taxes for years (the NOLs are over five billion dollars)
C. With no significant interest payments (most bondholders and other debt would be converted into stock)
D. No lease payments from hundreds of closed stores
The Reorganization Plan is Due February 18
1. I believe the common stock will be diluted, receive a percentage of Newco and warrants and/or evidence of indebtedness certificates but will not be wiped out
2. The 12/15/2019 Bonds are worth par (for a return of 13X at today's price)
* I will address this in the next article
3. The 2nd lien 10/15/2018 Bonds are worth par (for a return of 5X at today's price)
Yep, I agree. They can always liquidate years later. Why not try to save thousands of jobs and hundreds of stores if they have a chance? The winning bid is in, and Lampert is the winner. They are trimming the fat by removing weaker stores, so hopefully that gives them a better chance at longer term recovery. Would also love to see that 'Q' removed in the near future. IMO GLTA
Ha Ha that is absolutely correct. The right is on the wall !!!
There are 50,000 American jobs on the line, i’m pretty sure the judge is making a decision. Also the judge told both parties at the auction to go in the room and don’t come out until a deal is done with Lampert. The writing is on the wall ! You just have to read it right.
I'm no judge but I doubt he comes in and says.... eh... I don't feel like signing ot cause shorts don't want me to... lol
Some people never cease to amaze me
So unsecured creditor and PCBG motions can continue even after the judge signs off the deal?
I was reading somewhere these litigations are filed against Lampert and not Sears so Judge is not liable to wait any further to make his decision about Sears bankruptcy.
This is going to be a retirement play for some... if played out well. Hope and Praying Lampert don’t screw the common shareholders.
Hopefully he can pull a spin off with old shareholder only. I read several articles where it stated he is trying to save jobs and keep shareholders value. Let’s see
GLTA
Friday judge confirm the plan between Sears and lampert will sign off on it. Monday as we stated before creditors and debtors filed motion this negative news been the same since lampert made his offer and Sears accepted.
Be assured when the judge confirm the buyout Friday all the other crapiyola motions will not change anything .
I am sure me or someone else will say this over and over Friday judge seals the deal......
I'm not a lawyer........but hey bar, would it be correct to assume that the judge does not have to make a judgment at this time if be doesn't want to?
So the judge will make the decision on Friday or Monday? It can get bit scary and excited at the same time if Friday he signs the deal and no need to go to Monday court.
I think Monday is jus a back up plan if they can’t figure out a solution on Friday.
I guess we will know more once the SP starts to head back up or down.
On both days of the judges calender if I remember correctly
I read this piece online... which was released 17 hours ago.
“Creditors who are owed billions by Sears are fighting the plan and argue they would be better off if the company shuts down and its assets are liquidated. They point to weak sales and continued losses as evidence.
A bankruptcy court judge will hear the arguments in the case Monday.
The holiday shopping season turned out to be disappointing for several major retailers, including Macy's (M), JCPenney (JCP), Nordstrom (JWN) and Kohl's (KSS). All of those companies reported results that fell short of Wall Street expectations. But none of those companies are in bankruptcy and facing pressure to go out of business.”
So the court date is Friday or Monday ?
Question is, how long do you hold onto a stock before selling that is projected to return to $41 + per share?
If the news breaks that the judge grants the offer it could be off to the races..
Next week? I thought it got moved up to Friday?
I have already disclosed I am long and now have to wait until next week to see what comes of the court actions. From December to two weeks ago I was able to nicely accumulate more shares by selling and buying back in on dips. I am kind of disappointed that they didn't keep that train rolling for these last few weeks I just wanted to accumulate a few more shares.
So it looks like I will be going into next week with no additional shares which is disappointing. That is all.
Dude all you need to know billions will be pumped back to this company. .and very low floater. ..just my take only and opinions
Very exciting day approaching
Final judgement day
This stock currently news driven no fundamentals I see you are new at trading when you guys going to get it this is high reward play IMO I'm playing many are Playing big bucks from some holding for the big prize for some it will be satisfactory at a buck some looking for 2 , others 3's and on and on some will wait for 10 bucks or more we all playing here high stakes can't handle the heat get out instead of play something else.
what hype is the buyout a hype? when the judge approve it is still a hype then? if you not long I respect that, if you here to flip that is your business however if you here to flip but not long I wouldn't worry about the judge the court and all that hoopla hype so you and others call it.
ST
Yes...I'm been doing the same..once that sign...yhis prices now is a gift..it moved soo fast I think this will easily ho $1 to $5 dollars. ..just my take only and opinions
I disagree, opportunity and greed drive stocks.. Sears is a big name with a cheap price when they emerge from bk you will see people that wouldnt risk our position but will jump in when commons are not disolved..
I believe it is why he moved it up. To just end the nonsense from people trying to ruin Sears.
I agree Emptyhead I am not a hype buyer in the Retail Sector. If this is technology or biotech then hype is what drives the train. I just want to know what is going to drive this price this week and next week.
Go look at the Pot Stocks when Canada was legalizing it everybody was touting multidollars for multiple companies and what happened they all stayed where they were.
I do not see that any of these motions by creditors and debtors will have any merits just protocol they denounce and judge say oh well get used to it. why even confirms the buyout if he is planning to entertain legal bs floating down the drain soon all that bla bla.
Too bad Investors are Buying into the Hype, aye ?
Ya know what they say... buy on rumor when shares are cheap.... sell on news after it peaks. Anyone who knows what is going on here will be loading. Makes no sense to sell before the pps jumps on the expected news.
Go back and read my posts I have been holding at .56 and wish it did hit .57 so I can sell and then buy on the dip at .50 or .51. I am not investing more capital into this I increase my share holding by buying on dips. I am being a realist. What will drive this stock this week to 1.00 that is all I am asking. We already know that ESL's offer will be approved so in my eyes that is a non-factor.
I also stated next week when the objections are heard those decisions will have more of an impact on trading than this week with no activity.
Actually you have been wrong on multiple occasions. Including this week where one day you claimed it would drop to 40s and it did no such thing. You also admitted to flipping your shares which makes it obvious as to why you are only talking negative to get cheap shares then wanting to sell them at a higher pps. So far the opposite of what you said has been happening so when you say it won't even hit 60 cents, you are just guessing and have no rhyme or reason. I believe this will go up as everyone knows this gets signed Friday. Only a couple trading days left! Might as well just buy now instead of trying to talk this down more. We all know people will be loading as this goes into news.
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