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You mean this Friday right?
Isnt the average P/E in this industry around 30?
Don’t we know those 3 bids?
That’s what has me concerned.
1st resistance point .35
We run to .40 easily if it can break.
If we hit 30M in volume today this will close near .45
This offer makes sense. They can keep half with Belks already having distribution centers and sell some assets to pay off debt. Win - Win for them. Hell its almost for free if they give this pandemic time to go away.
Belks used to be big in the malls but they reorganized and started building stand alone stores.
Why wouldn’t it just show up in our accounts?
I don’t know about that...this back to school shopping extravaganza is dead this year in my opinion.
Yeah at .75 a share that would put us under what Brooks Brothers was offered.
Would be smart of them to buy, take private and then do a deal with Amazon.
That’s what I was exactly thinking.
Royal,
I thought the 180 days ends on 7/23...but I guess it doesn’t matter. It ends in July.
And this changes in August right?
Thanks for that...
Unless there’s a message behind this news I don’t see why this would move it.
Not familiar with pilgrims? What was the outcome?
What do you think it means if no Jr. Bonds are available?
I don’t think anything happens that fast but I know nothing.
That article isn’t even correct.
I could see why Amazon would need it but not Walmart. Maybe to prevent Amazon expansion, but then Amazon could just look at Macy’s. Although they don’t have the real estate and brands JCP is in control of.
Will be interesting to see how this unfolds.
I hope they take more time so everyone will benefit. Like the judge stated.
You usually need rubber boots for bull crap, is that what you think is coming?
Yes, sales up and debt is being negotiated down. Cash on hand is increasing and their actively informing the EC of developments. Even a lowball offer should be a 3-4 bagger.
This is for show, I like the judges tone but there’s no way he can let the names go public. Good show though.
So we’re not finding out who anyone is.
We’re just gonna have to wait two weeks to see if things move positive. But leaks will happen.
Yes, and I don’t think this is the time for shareholders to ask questions. They’re not answering directly.
It’s very unfortunate that I don’t have more available to buy...
Well their not cash poor!!
Where’d that number come from?
I’m just here for the run. The Wamu saga will never be forgotten. If they cancel them out, I won’t be here.
Looks like about a 250k wall at .34 will have to be heaving buying into close to end green.
I could see where this makes sense. If Amazon buys they don’t need a mall presence and pay leases.
Not to sure about this ballistic rise everybody thinks will happen tomorrow. I think any disappointment in share price will have many heading to the exits. Usual share price spikes happen because of unknown information coming out. Not novice investors pointing to a particular day and expect and receive incredible returns.
But let’s see what happens.
We’re lucky in times like this we can refer to Kmart. When they start moving real estate into another company the blueprint is already written. So now everyone screams “KMART” and know fraudulent conveyance is happening. And this is why I believe the recent real estate Appraisers were hired by the EC.
Bob help me out. So the options chain just became available? Trying to catch up on a lot of post.
That was one of the requirements of the government to get a lifeline. Apples and oranges.
Thanks...I can understand that.
I understand what your saying from one point, but doesn’t the other angle possibly mean that if shorts are reduced by 2/3rd’s that some might want to cover to not get caught if the price rises?