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what scheme? get the Left outta your head. Lambert bought back 5billion shares with his own/esl money.
it looks to me that lambert and friends would lose 40+ million at current pps and if the judge declines the deal he could be out 60 milion.. the 40 million isnt much to lambert and friends but the potential of said share could be huge.. at $10 pps that is a three quarter of a billion.. if he swings the business around and competes with similar stores Kohles, target, walmart and Kroger, their holdings could be in the billions. if he expands his partnership with amazon/ wholefoods..... the plan is to reduce footprint 20 to 30k sqft per store the average sears store is 138000sqft whole lot of room in good locations for wholefoods. its just a hunch but entertain this. kohls is 66.69pps, target is 71.17pps kroger 28.07pps, walmart 93.86pps with an average pps between them of 64.94pps 4.9 billion for their commons. Now I know that isnt a reality, but amazon is looking to expand its wholefoods footprint, sears has leases or outright own stores that are bigger than their purposed square footage... foot traffic for sears and relestate for amazon.. ok I'll put down the pipe but still..
good read, thanks.
besides the one slide (docket 2339 pg. 85) about the common stock I have seen no mention liquidation on the commons. now there is alot of material but did you see anything? Also are SH not included in the tax structure because the SH taxes are seperate from the deal because they are due by the SH holder themself. sorry if the is a bad quetion just starting this..
I wonder if Warren knows this law.
Obstruction by Intimidation, Threats, Persuasion, or Deception (18
U.S.C. 1512(b)
The second group of offenses within §1512 outlaws obstruction of federal congressional, judicial,
or administrative activities by intimidation, threat, corrupt persuasion, or deception, 18 U.S.C.
1512(b). Parsed to its elements, subsection 1512(b) provides that:
I. Whoever
II. knowingly
A. uses intimidation
B. threatens, or
C. corruptly persuades another person, or
D. attempts to do so, or
E. 1. engages in misleading conduct60
2. toward another person,
III. with intent to
A. 1. a. influence,
b. delay,
could it be political and Warren showed her hand? because money wise it make no sense.
Cheers!
ok so I am not crazy.. why would they even want liquidation.. tax losses? even with the sale they still write off the difference.. with money in hand. possibly with shares
All previous sears stores that are closed will be the new storage for Twinkies snack cakes
revenue share with Citi on finance services..
what docket # please 2336 or 2337
Linda1 Have you looked at docket #2336 yet?
is this price going to stand when they report this month? they dont have much on the production. I am all for weed industry but you still have to grow it..
Amazon can get in on the cheap.
how about whole foods? amd sell big ticket items like tv's tools and appliances ans cloths
finally
I am a novice that does my due diligence. But thanks, I hope that I am right. All in. I had plenty of help from the board.
Did you see what they are and what they claim? there are land scaping companies, floor cleaning companys and a whole lot of malls that are loosing an anchor store in a realestate venture that is dying. Oh lets not for get FEDEX, but the biggest suprise is NO PBGC..... For a company that had possibly thousands of business relationships and the list you mention as if was substantial in some way.
The deadline for Objections was the 26th of january at 4pm, they missed it. pretty sure that is why you see Senetor Warren writing hate mail. They are also not on the Court Docket for the 4th.
The big gap in your story is... 1) Fearing a Sears Holdings BK, PBCG took a 1.7 billion stake years ago to cover the short fall with Diehard and Kenmore. it is in the artical your refering to. 2) the PBCG did not post this on the docket for feb 4th, the date that grievances are supposed to be heard.. They are no where on the Docket. If they had filed on jan 26th by 4pm it would be on the Docket.
i wonder how much they sold before stop losses kicked in and how much they got in exchange in buy back.
notice they did this at lunch time... intresting
wow that was exciting!
looks like someone is shaking the tree. hoping to see what falls out.
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.
If the news breaks that the judge grants the offer it could be off to the races..
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..
to what are you talking about?
That schedule was drawn up before the case began. it is not a firm timeline.. it could wrap up next week or march.. I was on a jury for a violent crime and we where scheduled out for 8 weeks and it turned out to only need three..
so is winning bidder having the major stake in common stock.
The pbgc is not happy that Lambert put diehard and Kenmore value at 0. Pbgc has 1.7 billion invested in those two companies as a stop gap in case sears when into bankruptcy. That's it... they should have bought amazon.
I find it amusing that Bar1080 is still here... ok, Circuit City first it had far more going against it.. first 2008 economic outlook was bleak. they where over extended and never competetive with amazon or bestbuy.. best buy had bigger pockets that is why they are still around on a far smaller scale. Radio Shack was every where.. their business model was one of repair your own eletronics in a get the newest one era. they sold off brands that where crap. oh and these stores went out like 1080 did when 4k came out.and None had 5.2 billion buy out to save the company where the major share holder is the winning bidder..
The pbgc is not happy that Lambert put diehard and Kenmore value at 0. Pbgc has 1.7 billion invested in those two companies as a stop gap in case sears when into bankruptcy. That's it... they should have bought amazon.
If that is so, slick Eddie would forfit all of his shares aswell as ESL's shares.. Blockbuster was every where as well as an anchor in small shopping plazas super top heavy and had no way to make money competing against netflix. GM was overburden with a pension that they would never be able to pay with the state of the economy in 2008.. Joe's Crab Shack was pretty big for its britches, and they had Crabs, supposedly from a toilet seat..
GM was also far more in debt. GM had US$82.29 billion in assets and US$172.81 billion in debt.
seems pretty thin Velvet.
$10-15 when after the q drops?
sorry the key point is right in the article...
"The PBGC anticipated years ago that Sears could file for bankruptcy and stick the agency with a big bill. To protect itself, the PBGC obtained an interest in the company's Kenmore and DieHard trademarks. "
they chose to buy diehard and kenmore.
they should have bought amazon... and that is lambert fault?
can we get a link to his docket?