Hope you are having a great New Year :) a quick update on Sears/Kmart [OTCBB: SHLDQ] and the updated $5.2 Billion accepted buyout (see link) received last week:
This stock [OTC: SHLDQ] is both Sears and Kmart. Please review the links at the bottom from recent 8Ks. There has been an active and confirmed Short Attack that brought the SHLDQ from $140+/share down to under .40/share and volatility brought it to where it is now (.54/share) but with a reversal and last weeks announcement of a buyout for $5.2 Billion and news coming next week, we believe that SHLDQ will head back over $47/share.
There are now over 600 Kmart and Sears stores in operation in the United States with over 50,000 employees. Sears and Kmart are currently undergoing restructuring under Chapter 11 to rebuild the company and with assets of over $3 billion, this SHLDQ market cap of $58 million is unbeatable by any other pennystock.
A few facts:
SHLDQ has Outstanding Shares of less than 109 million
Float of less than 30 million shares
Market Cap of $58 million
SHLDQ insiders own over 70% of the 109 million OS
With chapter 11 restructuring, we expect that the over 600 stores nationwide will return SHLDQ back to $47+ per share.