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Replies to post #27977 on Sears Holdings Corp. (fka SHLDQ)

Replies to #27977 on Sears Holdings Corp. (fka SHLDQ)
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Scotttrader80

02/20/19 1:25 AM

#27980 RE: StockJunky #27977

So the commons/preferreds swapped over at a equal 1 for 1 ratio, resuming trading as if nothing complicated happened.

Thats what I suspect will happen here despite the FUD being flung to the contrary.

BUY the Dips!!!
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retireat40

02/20/19 8:57 AM

#28032 RE: StockJunky #27977

That has never happened in a retail BK and certainly will not happen here.
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Porgie Tirebiter

02/20/19 9:08 AM

#28040 RE: StockJunky #27977

There is no similarity at all.

American Airlines was a fully functioning carrier with a valuable route system and support infrastructure which US Airways was able to acquire by paying AMR's shareholders.

SHLDQ has no operational assets at all and it's creditors won't be made whole. Why would an entity want to buy it's shares or reverse merge into it? SHLDQ is not only bankrupt, it has a negative intrinsic value.