If the bid is acceptable to Sears and the court (it will be, only other possibility currently is liquidation for between $2 and $3 billion, not to mention the immediate job loss of over 50,000 people...this is happening! Bankruptcy will be dismissed) then the Q will be dropped (probably sometime in February, although that is just the formalities, if nobody else makes a larger bid then this one will happen.) and Sears will trade as before. The debt is a long term problem, not a right now problem. Part of the deal is ESL forgiving some of that debt, and vendors offering assistance by extending further credit going forward. Although the debt factors (iow even though the offer equates to $46/share I can't imagine ANYONE who would give $46/share for this) the debt is really the problem of shareholders a year from now. Maybe CEO turns it around, maybe he doesn't...not our problem right now. Right now an American icon is saved and tons of people are gonna want my precious shares, but they aren't gettin' them at these measly prices. Personally I'm gonna watch momentum and dream of $10/share. If momentum slows then I'll consider selling lower. But this run should last well through February. Lots of people want a piece of this now.
AI
