Here’s what the new Sears stores will look like, does it remind you of anything? AKA Walmart ;-) I hear the ringing of registers in the future, kachinggg.
I like your thinkin and i agree too much at stake.
1. He bought assets trying to save loans he/esl gave SHLDQ aprox 2Billions. So, not that he doesnt care on his stock bought directly which gives him/esl 70% control (est.). He still have much to save regarding his/esl 70% stake. Even if the assets bought are worth more than what he "payed". He might be a billionaire, but not dumb. If he can turn around and not only have bought assets on discount but also make a profit on his stake, then he'll do.
2. Too much if that was the case.
This a great momentum swing for all shareholders especially Bruce Berwotiz. Still. Holds roughly 33%
A poster posted a video if you listen clearfully from 3:15 - 4:30 this is exactly what is taken place. Eddie fixed the problem at a discount and shareholder will be rewarded knowing hes not going to tarnish his reputation.
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