Replies to post #967 on Sears Holdings Corp. (fka SHLDQ)

[bar1080]

It's good news in the sense that they would have to file BK very soon without that line. Now they more time. Time for a miracle in the minds of our local "players." Time perhaps for one more pop.

I think both of the funds working to save RadioShack collapsed due to those losses. Remember the CEO of one of them resigned even before the end.

[I-Man]

Yes Louis, and each time Fed raises rates, those interest rates on Lines (like in my own business0 will increase; meaning more monies needed to pay principle and interest than previously.. Sales/Revenues need to keep increasing to do so or else you get caught in credit trap...

THis new Line (more debt allowance) is NOT free! Money costs, and each time you use someone's money you will pay a premium over net to use it...

[I-Man]

Buy the rumor, Sell the fact is what I think is going on here. ONLY low volume holiday vacation private investors moving this on the news, but reality will hit 1st of year when major Traders for banks, et all return and sell this thing off heavy as I see it....

I am not invested into this, just sharing my 2 cents worth... Seen this scenario play out many times over 30 years...

[bar1080]

"Buffett Predicted Fall of Eddie Lampert and Sears..."

" Can you think of an example of a retailer that was successfully turned around?"

""How many retailers have really sunk, and then come back?" said the famed investor. "Not many. I can't think of any."

"He's not called the "Oracle of Omaha" for nothing."

http://finance.yahoo.com/news/warren-buffett-predicted-fall-eddie-120400879.html