Sears Holdings Corp. (fka SHLDQ)

[~ Blue ~]

SHLDQ ~'Once in a Lifetime Chance'~ New DD

1) A federal bankruptcy court judge approved the sale of Sears Holdings to billionaire Eddie Lampert.

The $5.2 billion deal ($5,200,000,000 buyout / 109,200,000 shares = $47.61/share) is expected to save 425 stores (PROFITABLE) and roughly 45,000 jobs.


CNN: Sears gets out of bankruptcy alive

https://www.cnn.com/2019/02/07/investing/sears-decision/index.html

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2) GOOD NEWS FOR SHAREHOLDERS AND THE COMPANY: Those creditors will now have to wait to find out how much they get of the money they are owed, but it is likely to be pennies on the dollar in many cases.

https://www.cnn.com/2019/02/07/investing/sears-decision/index.html

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3) Just Real Estate of SEARS is worth 90-100 dollars per share

SEARS shareholder Fairholme Hedge Fund boss Bruce Berkowitz said..

please listen carefully..

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4) SEARS has 109,236,080 Outstanding shares.

https://www.otcmarkets.com/filing/html?id=13107984&guid=rwLtUpF5cwd4d3h

3) Chairman Eddie Lambert Controls 73.5% of shares..

https://www.otcmarkets.com/filing/html?id=13161085&guid=rwLtUpF5cwd4d3h

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5) A Hedge Fund, Fairholme, owned by Bruce Berkowitz holds

mount beneficially owned:


Fairholme Capital Management, L.L.C.: 3,900,408 (3.6%)

Bruce R. Berkowitz: 4,578,440 (4.2%)

Fairholme Funds, Inc.: 2,774,489(2.5%)

https://www.otcmarkets.com/filing/html?id=13015700&guid=rwLtUpF5cwd4d3h


Other institutional shareholders:

https://www.morningstar.com/stocks/pinx/shldq/quote.html


There are about 30 million public float.

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6) One thing is known. SHLDQ Chairman Eddie Lampert and his Hedge Fund ESL held commons, and therefore voting rights. Owning 70%+/- is more than huge, no one could take over the company without their say so. To say that commons will not survive is somewhat ludicrous. Why would Lampert cut his own throat? Commons have voting rights and thus, he controls the company’s actions win or lose.
So, bottom-line…
1) Commons are safe.
a. They will be exchanged for NEWCO shares
b. Should be on a 1-1 ratio, but who knows
2) 375+/- stores will be liquidated to pay down debt.
3) 425 Surviving stores will make up the “New” Sears
4) June POR to be released
5) Debtors will be paid as assets are sold off and revenue comes in

This is jmho and how I see things evolving. Sure there can be and will be changes going along the way, but again, the hard part is done…Lampert and ESL survived the biggest holocaust they ever faced.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146714227

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Hedge Fund Manager Bruce Berkowitz Calls Sears a Once-in-a-Lifetime Opportunity


Bruce Berkowitz, founder and chief investment officer of Fairholme Capital Management LLC, talks about the fund's investment strategy and investment opportunities. Fairholme, speaking on a teleconference with investors, says Sears Holding Corp. presents a once-in-a-lifetime opportunity


https://www.bloomberg.com/news/videos/2015-02-03/berkowitz-calls-sears-a-once-in-a-lifetime-opportunity

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I agree with Bruce Berkowitz comments about SEARS, yes for me it is a lifetime opportunity at current level..


Read, check links make your own DD.


~Blue~