Sears Holdings Corp. (fka SHLDQ)

[IL Padrino]

It’s not a question whether or not sears will survive and be profitable. I believe it will. The question is whether or not the current share structure will remain in tact. They very well could cancel current shares and issue a new IPO, where current shareholders get nothing.

I bought shares based on the belief they would transfer over to any new company structure. But I sold when I lost that outlook. Seems like the market did as well.

I’ve lost money in similar situations and wasn’t going to ride this one out based off past experience. The fall from $3 wasn’t a good sign. Should have kept rising if shares were golden.