Will this be the last pump and dump?

http://markets.businessinsider.com/news/stocks/sears-stock-price-looking-to-sell-assets-2018-5-1024451136

Sears is rising after the company announced it is exploring the sale of some of its assets.

CEO Eddie Lampert's hedge fund, ESL Investments, is interested in some of the assets, particularly Kenmore.

The stock has risen substantially in the past several weeks since news of the sale.

Watch sears trade in real time here.

Sears is jumping more than 6% Monday after the struggling retailer announced that it is exploring the sale of some of its assets.

Sears will put Kenmore, one of its home improvement businesses, up for sale, along with Sears Home Improvement Products, and Parts Direct, the company announced in a press release.

"Sears Holdings Corporation (the "Company") (NASDAQ: SHLD) today announced that a special committee of the board of directors (the "Board") of the Company (the "Special Committee") is initiating a formal process to explore the sale of its Kenmore brand and related assets, the Sears Home Improvement Products business of the Sears Home Services division and the Parts Direct business of the Sears Home Services division (collectively, the "Sale Assets")," Sears said.

One potential buyer for all or some of the assets is Sears CEO Eddie Lampert's hedge fund ESL Investments. The fund is said to be particularly interested in the Kenmore brand.

Lampert's fund values Sears' home improvement and Parts Direct businesses at $500 million collectively, which is well above Sears' entire market cap of $347.57 million.

Sears is down 56.3% this year.

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11 replies (most recent on top)

Eddie will not declare BK in 2018. It will not happen.

@qno- They keep the illusion of a normal, growing, transforming business until the end. Anyone who is hired or who moves up know the end game and is compensated well. No educated, executive would take a job with SHC unless there was a golden parachute at the end. Pay attention to the turnover at SHC and the payouts to the executives who have left and the payouts they took with them.

Also, notice that very few executives take stock options as part of their pay as is standard in a business package to executives.

They still have other assets. No BK in 2018, sorry shorts.

Wait til they issue tens of millions of new shares of worthless stock to pay off some of the creditors. That will be interesting. Take a worthless stock and dilute it. This is truly a once in a lifetime event unfolding. It's been amazing to watch over the years. Truly masterful. No stone left unturned.

@TaCItG9-1ijm #LampertForPrison?

Fraud. Plain and simple. SEC where are you?

because the board needs one till the end, if they plan to not pull the rug out from under SHOS they could be benched talent .

I have a simple question. Why was a new CTO hired if the ultimate plan is not transform I guess they ate paying him a lot of money, that money could had been in Eddies pocket, or he could have made use of that money to buy whatever assets he plans to purchase from Sears. Just curious.

The septic system........

what's left after this to pump?

Probably not.

Thread regarding Sears layoffs

Will this be the last pump and dump?

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