Please ignore the short who posted below. The market is already acknowledging the brilliant move this debt for equity exchange was.
Well played SHLD, Sears is now guaranteed to continue the fight for at least another year! Truly amazing!!!
19 replies (most recent on top)
Peyote is still illegal you know.
S&P changes rating to Default.
Bond bids are 19c now.
Lol. Sears stock it down 6% in trading today.
I’m still waiting for that upgrade that OP promised me.
And on top of that Bruce didn’t participate in the offering.
The ex-director didn’t participate in the offering.
Bulls, why is that? Op, why is that?
You have tough words but you back them up with no explanation.
OP thought he was going to get an upgrade. Instead got a downgrade.
And the stock is going no where. Bonds trading at 33c.
Even Lands End is doing better,except their locations at Sears, sss comps are up everywhere except at their sears “locations”. Lol.
Lands end stock up by the way. Own everything except Sears.
“I find it rather telling that the most active bonds (8%, due 2019) are selling for 33 cents on the dollar. The market expects to lose 2/3 of their principal. So perhaps the OP is wasting their time here, trying to convince us that Sears is doing great. I'd suggest that they take their message of hope to Wall Street. I could donate a bullhorn and a apple crate to stand on.”
Amen. Bonds don’t even trade at par. What does that say about the common stock? Bulls are too dumb to figure that out.
“Fortunately most of the existing shares were just held by Eddie and his hedge fund, so mostly just moving his own money around.”
Well the stock price hasn’t gone up. Lol, so I guess the real men on Wall Street don’t see any improvement. If they did the stock would be higher. LUL.
You have to wonder why the stock isn’t rising. Haha.
"Eddie just stole half the company from you."
Fortunately most of the existing shares were just held by Eddie and his hedge fund, so mostly just moving his own money around.
OP didn’t say anything about buying more shares, mortgaging etc. He or she just stated what I heard on Fox buisiness and CNBC tonite “brilliant move, SHLD will survive another year”...
Incidentally, I will be investing in English classes, given that I used "a", when I should have used "an".
I find it rather telling that the most active bonds (8%, due 2019) are selling for 33 cents on the dollar. The market expects to lose 2/3 of their principal. So perhaps the OP is wasting their time here, trying to convince us that Sears is doing great. I'd suggest that they take their message of hope to Wall Street. I could donate a bullhorn and a apple crate to stand on.
I do sincerely hope, though, that he or she didn't actually remortgage (and presumably cash out) to buy Sears stock. That money would be better invested in English classes.
I'm surprised this company is still operating.
It won't see 2019.
OP is a psyche ward patient, disregard.
Thanks for your support! Bigger and better in 18. Don't listen to all the fake news.
Shareholders got diluted 58m shares new total is 165m-ish.
Eddie just stole half the company from you.
Never? Lmao! You are in for a big surprise if you think never! It IS going to happen this year!
Never!!!
Another year! Just close already!