Congratulations to all who took the risk buying SHLDQ! This was a high risk high reward bet, but with the amount of shares owned by insiders (over 70% of the 109 million OS) and the 45,000+ employees, the probability of Sears/Kmart going under was reduced. This news is what we have been watching and waiting for:
SHLDQ has Outstanding Shares of only 109million
1. Float of less than 30 million shares
2. SHLDQ insiders own well over 70% of the 109 million OS
3. CEO owns over half the OS
4. Extremely low Market Cap
Do your due diligence. Understand that this $5.2 Billion deal equates to $47/share. Yes, $47/share! Will it hit $47/share? We will see over time.
As you see by the 3 year chart, we are currently close to the all time low. There has been no preloading, no P&D ..... SHLDQ is at its all-time Low! Buying Monday will be extremely heavy and we will be participating in it. We are very excited for next week!