Sears Holdings Corp. (fka SHLDQ)

[Crusen]

Earnings are 3/2/17. IMO a great time for buying puts. Remember shld stock was up about 32% the day the original PR was released by shld? Purely A pump.

...

Employees had speculated for weeks that layoffs were coming. Nerves flared when one person discovered through the company's internal calendar that more than 30 rooms were simultaneously booked on the corporate campus for several hours on Thursday for "strategy sessions." That information was shared on a message board and led many people to think job losses were on the horizon.

Sears did not respond to requests for comment on the layoffs.

Lampert earlier this month unveiled a plan for cutting costs. He said the company would save from the closure of 150 Sears and Kmart stores over the next couple of months, as well as from other actions, such as reducing corporate overhead and more closely integrating Sears and Kmart operations.

At the same time, the company disclosed that revenue plunged 16%, to $6.1 billion, for the fourth quarter, which includes the critical holiday season, and net losses widened by up to $635 million from $580 million in the period last year.

Sales at stores open at least a year plunged 10.3%, including an 8% decline at Kmart stores and a 12.3% decline at Sears US stores.

For the full year, revenue is expected to fall 12% from last year, to $22.1 billion.

Sears has been shutting stores and selling off assets to stem losses and repay debt as it suffers a protracted decline in its business. The scale of its losses has analysts speculating that the company could file for bankruptcy, and some suppliers have cut back on shipments. ...

https://www.yahoo.com/finance/news/email-sears-ceo-just-sent-193615436.html