Uh, that’s what happens when a major company BKs. SHLDQ is no exception. But it’s a great play for awhile longer. The timid don’t risk or reward. They just explain after the fact. $SHLDQ
SHLDQ traders here don't need merchandise flowing, vendors staying or other fundamental worries to make money.
Almost every big BK delist over last couple decades ran for 500-1000% from lows or BETTER regardless of fundamentals. Not sure why you believe Sears will be exception to the rule.