Anyone who has a grasp on finances knows that the company has no chance to get out of debt and will be forced into bankruptcy. No one in their right mind would even buy the stock for a penny a share or for a fraction of a penny. The stock is basically worthless. Owning the stock just means you can control what happens to the assets. Billionaires are making money by transferring the assets away from SHLD and profiting by making secured loans to SHLD. It seems like a game to see just how much debt a corporation can acquire. There may be life after bankruptcy, Kmart was purchased out of bankruptcy by "guess who" and then crafted a deal to purchase Sears. Now Kmart will be filling bankruptcy for the 2nd time in 15 years under the SHLD umbrella. I guess its the taxpayers who will foot the bill for the pension deficit which does basically have government insurance. I am not sure how the insurance works on the unsecured debt. The whole country pays when corporate leaders bankrupt companies. Disclaimer: There may be opinions and forward looking statements in this read. While all of these comments my be true, the writer does not guarantee that they are factual or accurate.
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It's relevant but not as much as people think. Obviously an increase or decrease in a company's stock means something. Especially if the trend has been going on for awhile. However, people who monitor the stock watching for any opportunity to report the fact that it's dropped by a couple cents are kinda overdoing it. That information is completely redundant. It only tells up what we've already known for years.
Stock price indicates investors confidence in the company. At $5 a pop, there isn't much confidence and the analysis is that the company is not doing well nor will it do well. I realize what I'm saying is redundant for this forum but stock price is kind of the shorthand way of assessing a company's health.
It is relevant...delisting often causes a landslide due to financial obligations being tied to continued listing.
Vendors leaving the company will kill it faster than anything. And it's about to get a lot worse. Maybe Ivanka can sell us her clothing line.