Replies to post #20280 on Sears Holdings Corp. (fka SHLDQ)

[Fat Thor]

This is exactly why I NEVER worry about debt when trading...the assets are worth billions. The debt is worth even more. That's what people don't get about stocks. We are trading value of assets but in all reality the debt of these companies is worth far more. Debt is traded on interest over .....and over....and over....and over..again. It's just fear mongering at every point...in every generation in every circumstance. Sears debt will be purchased at a premium. Watch it happen Linda.

[justthefactsmam]

the problem is that sears actually has to make money.

filed an action against sears protection company, one of the debtors in this bk. it was for a pre-petition issue but didn't file the small claims action until after they filed for bk.

issue was they dragged their feet about replacing an appliance under the terms of the agreement. just got a check for full retail value of the appliance plus court costs and shc not only paid that but paid between $3k and $5k in legal fees associated with travel to court twice, all of their back and forth in the office, filings they made etc.

a roughly $400 items ended up costing shc a few thousand dollars. that's the kind of crap which needs to be resolved if they are going to succeed.

i hope they do, but seriously, they need to get with the program and fast!