Update: Judges decision to review bids extended to Tuesday.
There are now 239 Kmart stores and 266 Sears Roebuck stores in operation in the United States with over 50,000 employees. Sears and Kmart are currently undergoing restructuring under Chapter 11 to rebuild the company and with assets of over $3 billion, this SHLDQ market cap of $33 million is unbeatable by any other pennystock.
A few facts:
SHLDQ has Outstanding Shares of less than 109 million
Float of less than 30 million shares
Market Cap of $33 million
SHLDQ insiders own over 60% of the 109 million OS
With chapter 11 restructuring, we expect that the over 600 stores nationwide will return SHLDQ back to $41+ per share.
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