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Thankee Zoner.I likee double zeroz better.Triplz to many to count.lol
Shes getting started.
Gimmee da deals.HaHa night
Situation is right.I am with you.Night
Da Best,Save it.Hard to find on utube.Night
Booking now for July and August.Took the bastards for a few grand last summer and they keep sending me free everything.Recession helps with some things.lol Bob :))
TY,Love da oldies.
HeHe,A tripzzz to http://www.tropicana.net/
Sick bstd,Tell Mojo I said whatzzz up.Gooodd Dude.Bob :))
Willis say heavy volume last month compared to nothing before April 29th.Multiple possibilities coming off of basically a worthless price.
Thats good because my one daughter that will be a senior next year is the hard one.The 14 year old is grounded with more commom sense.Thanks for all your advice.Teens still bite.lol Bob :))
Soon
Oh Yea I forgot you have those big hats to filler up.lol What age does it get better?Dodger
Hi Global,Only a matter of time.A couple of scenario's are presenting themselves here.Bob :))
Well,You know me and I am a tough person and relate well to younger people.I also deal with them daily at the biz.I have spoiled them growing up.What age wazzz that.I have already had the underage drinking citations.A way of life in the NE wether nerds or sports hero's.HeHe
What age would it be that you saw the light from the darkness of the trenches?????
You are so right.I hired a drivers school to teach my daughter.Trying to slow down the aging process.These days once they don't believe in Santa its all over.Too much garbage on tv is part of the problem.Myspace and facebook don't help the situation either.Bob :))
We are in the same sad boat as usual with our teams.We are so sad we traded away our one all star last week.Jeez
Glassy,Grey hair coming.My teens got out of school today and the one passed her drivers test.Damn lol Bob :))
Oh ya,Just like every year your stros and my bucs fightin for the cellar.lol Bob :))
You know it.Right now I am basically picking a few that have a shot for one reason or another.Damn,I took a position in hayz and was surprised at the quick move up.I don't put a lot into each situation.If one hits the rest is gravy.Many are hitting.Calculated risk.lol Bob :))
Depends on wether the intentions are to call it quits aka circuit city or restructure.Maybe none of the above as it is actually a he said she said pr.Bob :))
Traders will play the bounce on ebhi until actual bk is filed.I won't touch it until I see where the bk is going.Liquidation or trying to save the company.If liquidation the stock will be worthless eventually.If they go the save route their will be money to be made.Bob :))
FYI Glassy:I told you about psun eliminating key holders to save money this quarter.I also found out pei is letting marketing execs go also and making the ones kept on handle more malls.These are the things I want to see happen to help next quarterly report.Lets see the bottom.Bob :))
Hey Harr,I also find it a bit interesting on the no fills.I have seen stocks that were quiet for a period of time have slow fills because of the lack of activity.If this happened before April 29th it would not surprise me as the stock rarely traded.Since then we traded roughly 390- 400 million shares between .0001 and .0004.That average daily volume the last month or so shows me the mm's are well aware of the trading in the stock.We shall see soon enough whats going on.Bob :))
Yep,Thats the way to go.If I recall correctly from my earlier dd at least one of the interested parties is a liquidator.Bob :))
Hi Gen,You are correct.It is just a trade at this point.I am a multiple location mall retailer over 15 years and have seen it all.Gadzooks filed and liquidated(no play)Kmart filed and restructured and re-emerged(great play).Depends on the bk plans.Thanks Bob :))
Hilco, CCMP circling retailer Eddie Bauer - sources
Tue Jun 9, 2009 5:45pm EDT
NEW YORK, June 9 (Reuters) - Suitors are lining up to buy assets of U.S. clothing retailer Eddie Bauer Holdings Inc (EBHI.O) ahead of an expected bankruptcy filing within the next few weeks, according to people familiar with the discussions.
Hilco Consumer Capital is in talks with the outdoor apparel retailer about a possible deal once a bankruptcy filing occurs, and private equity firm CCMP Capital Advisors LLC is weighing an offer for the company, these people said.
The people asked not to be named because the talks are not public.
An Eddie Bauer representative did not immediately return a call seeking comment.
Eddie Bauer has been posting losses on falling sales this year. The company said in January that it had hired investment banking firm Peter J. Solomon Co for restructuring advice and that it has been working to cut costs and preserve cash.
A representative of Peter J. Solomon was not immediately available.
If Eddie Bauer files for bankruptcy it would be the second trip to bankruptcy court for the company, which was started in 1920 in Seattle by its namesake as a sport shop.
The retailer emerged from Chapter 11 bankruptcy in 2005, after former owner Spiegel Catalog sought bankruptcy protection in 2003.
At the time of its emergence, the company had more than 400 stores in the United States and Canada.
It now has about 370 stores in North America and 10,000 employees worldwide, according to its website.
Eddie Bauer shares closed down 50 percent on Tuesday at about 23 cents.
The company said last month that its first quarter revenue fell 16 percent to $179.8 mln. It has more than $300 million in outstanding debt, according to SEC filings. (Reporting by Phil Wahba, Emily Chasan, and Chelsea Emery; Editing by Ted Kerr)
Hilco, CCMP circling retailer Eddie Bauer - sources
Tue Jun 9, 2009 5:45pm EDT
NEW YORK, June 9 (Reuters) - Suitors are lining up to buy assets of U.S. clothing retailer Eddie Bauer Holdings Inc (EBHI.O) ahead of an expected bankruptcy filing within the next few weeks, according to people familiar with the discussions.
Hilco Consumer Capital is in talks with the outdoor apparel retailer about a possible deal once a bankruptcy filing occurs, and private equity firm CCMP Capital Advisors LLC is weighing an offer for the company, these people said.
The people asked not to be named because the talks are not public.
An Eddie Bauer representative did not immediately return a call seeking comment.
Eddie Bauer has been posting losses on falling sales this year. The company said in January that it had hired investment banking firm Peter J. Solomon Co for restructuring advice and that it has been working to cut costs and preserve cash.
A representative of Peter J. Solomon was not immediately available.
If Eddie Bauer files for bankruptcy it would be the second trip to bankruptcy court for the company, which was started in 1920 in Seattle by its namesake as a sport shop.
The retailer emerged from Chapter 11 bankruptcy in 2005, after former owner Spiegel Catalog sought bankruptcy protection in 2003.
At the time of its emergence, the company had more than 400 stores in the United States and Canada.
It now has about 370 stores in North America and 10,000 employees worldwide, according to its website.
Eddie Bauer shares closed down 50 percent on Tuesday at about 23 cents.
The company said last month that its first quarter revenue fell 16 percent to $179.8 mln. It has more than $300 million in outstanding debt, according to SEC filings. (Reporting by Phil Wahba, Emily Chasan, and Chelsea Emery; Editing by Ted Kerr)
HeHe,I played ebhi basically the same as you.I traded it for a few cents a few times after the big run.I got uncomfortable when it just was not coming in line with all the other beaten down retailers that ran.Told me the big boys were not sold on their plans.May create another opportunity soon.I hate how tight lipped they are also.
I think so.Bob :))
Jaw dropping,I went in and looked at their fixtures.They come cheap these days.The person working asked me if I needed help.I said yes.How much will this showcase be if your company goes bk?Jaw drop.Like I said they had no clue.That was too easy.Only did it because of what they did to my friend.lol Bob
Hey PP,You may be right.I would not put anything past all the parties involved right now.The release is vague as most of the pr's released the last few months.The source is solid though.Should be good for a hard bounce depending on the bk filing if their is one.The main question is if they file bk.Will it be a liquidation or restructuring to keep the company alive.Eddie Bauer Holdings May Seek Bankruptcy Protection (Update1)
By Lauren Coleman-Lochner and Jonathan Keehner
June 9 (Bloomberg) -- Eddie Bauer Holdings Inc., the U.S. outdoor-clothing chain, may seek bankruptcy protection as soon as this week, according to five people with knowledge of the discussions. The shares lost half their value.
Hilco Consumer Capital LLC has expressed interest in bidding on the company’s assets, said the people, who declined to be identified because the talks aren’t public. CCMP Capital Advisors LLC, a private-equity firm based in New York, may also make an offer for the retailer, which is being advised by Peter J. Solomon Co., the people said.
Eddie Bauer fell 24 cents to 24 cents at 3:59 p.m. New York time in Nasdaq Stock Market trading. The shares have lost 54 percent this year.
Eddie Bauer, which opened its first sporting goods store in Seattle in 1920, has reported annual losses for the past three years. The Bellevue, Washington-based company operates about 370 stores in the U.S. and Canada. No final decision has been made about a bankruptcy filing, according to people familiar.
Eddie Bauer had $187.9 million in long-term borrowings and $2.62 million in cash in the quarter that ended April 4, according to a company filing. The company reported a loss of $44.5 million in the first quarter on sales of about $180 million.
Gordon Brothers Group has also held talks with Eddie Bauer, people familiar with the matter said last month. In the past year, Hilco Consumer Capital, which is based in Toronto, and Boston’s Gordon Brothers have purchased defunct retailers such as Sharper Image Corp. and Linens ‘n Things Inc.
Sale Falls Through
Sarah Redgrave, a spokeswoman for Eddie Bauer, declined to comment, citing company policy. Representatives of Hilco, CCMP and Peter J. Solomon also wouldn’t comment.
Eddie Bauer emerged as an independent company in 2005, two years after parent Spiegel Inc. filed for bankruptcy protection. General Mills Inc. owned the company from 1971 until 1988. Shareholders rejected the clothing maker’s efforts to sell the company in 2007, thwarting its planned $285 million sale to two buyout firms.
Didn't feel right based on the whole industry and where it was trading.May become a great buy again.Have to wait and see the actual filing.
Anytime.Lets watch for Blockbuster next.
Fresh Blood
I like that one.Q for Quality.I think I will take a walk down to the eddie in the mall I am at today and give the dopes the news.Most are clueless.They let go a friend of mine last week that was an assistant for no good reason.We have 3 in our area.The one Where I am today is slow and I would think it closes.Going to spread the cheer.lol Bob :))
Nice chart.Keeping that one handy.Thanks