Sears Holdings Corp. (fka SHLDQ)

[growingpains]

Objections & indemnity clauses are a simple part of business but over borrowing to buy stock and blowing the money is not a simple thing and could lead to financial ruin pure wrecklessness and bad judgement takes a severe toll

[mojo joyo]

In your dreams maybe you see $10.$2 maybe 3s.

[katano]

Buying will continue today. Not much time left to get in under $1.00...

GL

[thelionwarrior]

NO WAY
" 13. As the Debtors’ own models show, in a liquidation scenario creditors would
receive only $3.56 billion, whereas ESL’s Bid provides $5.2 billion in value to the estates,
including $4 billion in creditor recoveries. Weaver Decl., Ex. 13 (Wind Down Recoveries
Presentation (Jan. 14, 2019))."

[inouttrader]

WE BEEN BUYING AND LOADING IN 40's,50's,60's....cents. ..Will unload in dollarland. . $10 bucks and beyond. ...jmo

[youtoo]

Replacement of hedge fund is not going to be easy!
You cannot have hedge fund and turn around specialist work together!

[inouttrader]

BUY,BUY,BUY.....telling alot of people to buy and put GTC $10.00 or more Sweet baby Jesus...lol...jmo

[BBstocks77]

Great post DDstocks.



SHLDQ statistics:

1) Sears/Kmart has a 109 Million OS

2) Less than 30 Million Float

3) Current Market Cap of $58 Million

4) The top 425 profitable Sears/Kmart stores will remain intact

5) $5.2 Billion buyout accepted last week and to be confirmed by Judge Drain this week

6) $5.2 Billion divided by 400 stores is $13,000,000 valuation per store

7) Current Market Cap of $58 Million divided by 400 stores is $145,000 per store

8) CEO and insiders own over 70% of the float

9) At least 40,000 US jobs are
saved

10) Share structure remains intact and no evidence otherwise than scare tactics on IHub by Shorts

11) Over 11 Million shares of the less than 30 million Float have been shorted

12) The Buyout has been accepted by Sears and now only needs Judge Drain’s approval

13) $5,200,000,000 buyout / 109,200,000 shares = $47.61/share

[Deweynami]

It’s unsecured debit for a company that doesn’t need it, it’s BK and happens every single day on large companies and individual people. So let the rich get richer and send 40k to unemployment line or give the guy spending 400mil cash and 200 mill more credit another shot. Wait are you Elizabeth Warren ? I bet that’s you Pocahontas.

[Orion1972]

Wow I was even looking for it... there was so much..

[youtoo]

Creditor will say, "How many time I give Sears a chance"

[Jayay222]

So, it's either full liquidation to pay creditors quicker $$$....or...save thousands of jobs affecting countless families + save better performing stores + give an old American icon a branch for possible longer term survival? The winning bid is there, please get it done Judge. IMO GLTA

https://www.chicagotribune.com/business/ct-biz-bankruptcy-court-weighs-sears-sale-20190131-story.html

[justthefactsmam]

linda,

ampuzzo posted an article relating to the nol's (post 17733). while it is an article filed before the bk it is nevertheless informative.

following taken from the article with my thoughts:
_____________________________________________________________________

Creditors who have held debt for 18 months before the filing and whose debt rose in the ordinary course of Sears’s business are "qualified creditors" who can thus avoid losing the tax assets even if there’s a shift in control towards them.
____________________________________________________________________

if esl's bid is approved, certainly seems that a "shift in control" will occur. esl's credit bid was approved by shc and to do that, esl's debt had to be deemed qualified and esl had to be determined to be a qualified creditor.

_____________________________________________________________________

Avoiding liquidation is also crucial to keeping the tax assets. If Sears unwinds in bankruptcy, the net operating losses could disappear, Haya said.

______________________________________________________________________

i believe that above comment from the article was made assuming that esl would not get its bid approved.

if esl owned more than 50% of the stock, then no other entity could which would mean if the going concern was sold to anybody else there would be a shift in control which would nullify the nol's.

seems like esl could not selectively wipe out common shares he did not own while keeping his own common shares intact.

the wrinkle for me is how a transaction in which esl exchanges shc debt for shares in holdco might impact the argument on a shift in control. since esl still has over 50% of the stock, maybe no impact at all and when all is said and done if "q" commons are exchanged for holdco commons then esl will just control even more than 50% which further cements his position and fortifies the "no shift in control" issue.

guessing if esl's bid is approved that all of this will shake out in a por.

hurry up and wait seems to be the order of the day

[Deweynami]

Explain why you think this?

[Deweynami]

With all the companies and businesses lined up to stop this at first look its could be scary. When you see the outstanding lawyers that the best money can buy rebut the reasons today you will how the ride will turn. They will paint the creditors as money hungry, bitter, out to get paid. The main guy Simon who owns all the malls is actually on record saying he can rent sears units for more money now and it’s in his best interest to them to fold. This judge has sent the two sides back to the table to make this deal work. He wants to save the jobs, the the government pension group was awarded a price of kenmore and die hard to help fund this. I think it gets approve no questions, commons survive ( guess who owns the most and would have the most to lose? ESL that’s who) Eddie will also make the case that between the cash he is bringing to the table and the credit he will use, he not the creditors has the most to lose. In the end he may have to sweet-in the pot a little to pension group or take on more of the bad debit but this deal gets done.

[youtoo]

Judge will side with creditor, "Not enough beef"
It is all over!

[justthefactsmam]

orion,

the pbgc actually did file a docket objecting to the zero value you referenced. my recollection is that pbgc wanted the court to order a couple hundred million payment/recognition of royalties.

not sure i've seen anywhere that pbgc is seeking the billion + shortfall but they seem to be interested in the royalty issue

[I-Man]

Tool, nope, not at all!! In fact today court hearing scheduled for crooked Lampert & Sears. Will take a couple days overall...

Lampert trying to buy what assets Sears has left, but nobody wants anything Sears has left today (except the Debtors he owes big time). JCP on other hand, most definitely has had amazing turn around business re-structure going on last few years in fact, and this Q will surprise and catch so many off guard... Wait & see... JCP advertising a lot on CMT and other channels too we see...

[I-Man]

I NEVER short a stock and am not in this mess of a company.

[StockNinja33]

Last days to buy at a discount. Ruling most likely coming Wednesday

[growingpains]

Despite All *Retail Giant Recovers SEARS MORE SOLID THAN EVER

[Shyguy101]

And if i get to pick my own judge and where i will file, i would most like pick one that will rule in my favor...and with billions of dollar...lampert best interest is to know where to file to be in his favor.

[Shyguy101]

One thing i know is that sears had the option to pick anywhere they want to file the bk in the country...instead they pick new york...and also judge Drain. In a way i feel that sears picked the Judge knowing what the outcome might be...just my opinion...so everything is really a theatrical and everyone is just playing out their part.

[Scotttrader80]

When does this part happen

13) $5,200,000,000 buyout / 109,200,000 shares = $47.61/share

upon droppage of the Q?

[Scotttrader80]

Also if you go to their web side there is a statement on their home page saying that they are taking over the sears pension.

Thanks O, FUD squashed, thats all we need to know

[Orion1972]

I thought that a couple of years ago PBGC saw or felt that there was real risk of sears going into Bk so they took a 1.7 billion dollar position into kenmore and diehard to off set the short fall in the sears pension. the PBGC was upset because APA gave a value of 0 for kenmore and diehard. Also in all the dockets that where filed before and on friday I didnt see any that included anything from PBGC. just a couple of news articals. Also if you go to their web side there is a statement on their home page saying that they are taking over the sears pension.

[Scotttrader80]

hahahahahaha I dont care

[Crazy Money]

Crazy weeeeeeeeeeeek coming to SHLDQ

[Orion1972]

sorry I thought you where shorting it..

[linda1]

It is too late here to review the filings tonight.
I will answer your 3 posts tomorrow.

[AMPazzo]

Whose shorting it. I have been trading in and out of it since .33 cents. I buy ride it up then sell pullback buy back in and ride it up. I always invest the same amount but on every pullback I get additional shares. I got out Friday at .545 now I want to buy back in between .48 and .44

Now we are at the tricky part of the game because the next 3 days if I get in tomorrow in the mid 40s we may not see the large run ups like we have seen in January

[AMPazzo]

Lets get legitimate answers no stupid answers from people who are not familiar with creditors and bankruptcy proceedings.

Remember all these unsecured creditors will be heard in court and the judge will have to render a decision. We know the Pension Bureau is lobbying for 1.4 billion. Say Judge Drain sides with them and says royalties from Sears brands must still be paid. That is a blow.

Remember there could be close to 100 Billion dollars in debt owed to Unsecured creditors and it seems like 99% of the posters on here think Judge Drain will wipe the slate clean. And Creditors will not get a penny.

I see Judge Drain siding with the Pension Bureau because that would be bad optics. I also see other unsecured creditors prevailing.

My opinion is the stock will trade sideways during these hearings and once it is all hashed out and every creditor heard then the stock will begin to act. I am going to roll the dice and get in tomorrow between .44 and .48. Then I will sit nervously through the next three days hoping for good results for ESL

[Orion1972]

Pazzo you do realize that article states the commons must remain intact for retention of the NOL's. Arent you shorting this stock?

[AMPazzo]

If you want a good brief on Sears Net Operating Losses just read this article.

NOLs are Sears most valuable asset

[tooltimetim]

Lol

[~ Ether ~]

No one needs to be hand held with THEIR MONEY...

[Crazy Money]

Most shorts have yet to cover just sayin'

[buxcapital]

Lol if you say so.

[buxcapital]

Wish you luck !

[DDStocks]

NP!!! $1s coming

[thelionwarrior]

80 cents soon! Could easily get there tomorrow! Lets see if more people load up before the big news!

[buxcapital]

Yes you do bro

[buxcapital]

Yes looking for high .39s tomorrow

[PennyStock Alert]

Thank you for the update sir.

[StrategyTrader]

Sorry correct was Ackman typo error i was comparing bk possibilties

[justthefactsmam]

if you want to know what actually happened with ggp, read this:

https://turnaround.org/sites/default/files/5.%20Paper%20-%20GGP%20-%20NYU.pdf

[justthefactsmam]

eddie lampert had nothing to do with getting ggp out of bankruptcy. it was bill ackman who engineered ggp's emergence from bk.

[justthefactsmam]

ggp didn't have the problem of more liabilities than assets. their problem was an inability to rollover or refinance their debt. the crash had just occurred. ackman primarily came in prior to bk, purchased a lot of the debt and equity and when ggp filed ackman was in the catbirds seat as a white knight.

nobody was left holding the bag in that case. i believe all creditors were made whole and all commons survived in a 1 for 1 exchange

[Illini18]

For you...we are sitting good over here with our shares...

[buxcapital]

This one might get ugly fast!