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Friday, 01/11/2019 8:29:17 AM

Friday, January 11, 2019 8:29:17 AM

Post# of 37346
HOLY GRAIL DD: Dude thinks commons won't be cancelled, proves the other sticky about GGP and what happened there, plus 3 other stocks where commons not cancelled

Article from October but makes great case. He updated in Nov as well, posted below too.

https://seekingalpha.com/article/4212884-sears-holdings-chapter-11-will-eddie-lampert-bruce-berkowitz-carl-icahn-make-ggp-2_0

From page 6, and plenty in pages 1-5 too: "I believe the common stock will remain intact (with dilution), so buy SHLD warrants to protect your stock against dilution."

https://seekingalpha.com/article/4222440-sears-holdings-bankruptcy-always-mean-broke?source=all_articles_title

This guy knows a lot about bankruptcy too. Too bad we don't know what he thinks RIGHT NOW with latest, only back to Mid Nov. I did read an article somewhere where Judge said Lampert undervalued the inventory. I think Lampert is aware of all the 'hidden gem' value in Sears (especiallyu overseas) and its assets are actually more than liabilities perhaps. It's an art, not a science to value assets, and it can vary greatly.

One of the articles stated it's clear now over 400 stores are EBITDA positive. Keep those, all good!

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