SLHD stock closed at $1.34, while last week it was down to around $1.07.
Who's buying this turkey? Who thinks this stock will do anything except get delisted?
15 replies (most recent on top)
Out of 20 "industry peers" on cbc, SHLD has the lowest share price. Lower than JC Penney and Fred's. This has become the new normal.
Even if Bruce dumping his stock is the reason for the Decline to $1.07, the latest prices have not been great either. $1.38, etc. Still a turkey.
Everyone forgets that Bruce Berkowitz dumped 20% of his stake in SHLD stock last week, which contributed to the stock's massive drop last week. His SEC filing last week confirms that he's going to slowly unload it all to protect his fund.
It's UP to $1.38 in after hours trading but we're talking pennies here. When a healthy stock such as Wal-Mart or Target go up or down by .30, it doesn't matter.
You know what's funny, if you look at the stock now, it is already dropping in the after hours trading. So yeah, whatever hype it got it is going to drop pretty badly on Tuesday.
@1apk Someone, anyone could go out and buy a Lotto ticket and win a jackpot higher than the current valuation of a (dying) company that employs 80,000 people and holds an untold number of obligations with suppliers and other creditors.
That should be a scary, sobering thought, considering $140m is not an exactly a large sum for a company of its size and kind.
Maybe there isn't an earnings report and instead the rumor of them announcing their bankruptcy will happen.
@UVr3Vgy-1tkf It moved up yesterday because retail sector was moving up. LULU was a big winner yesterday and they only sell yoga apparels. LULU is a $20B valuation a company. Sears measly a $140M. Lululemon carried the whole retail market yesterday.
Imagine if Sears has it own line of yoga apparel or athletic apparels. Create a brand that is not tying to Sears and market it as special, unique and upper market brand. It can work quickly with Sears vast footprint and logistics supports.
They delayed because there are no earnings and it is getting worse.
Have you noticed this week the only reason it went up was all because of Amazon once again. They are basically marketing Amazon that this is an amazing overall deal (the whole tires once again), but in reality is just to hype the stock make it go a bit up and just watch on 2nd quarter just see how down the stock is going to go. This is all hype its just to make it sound good. As someone mentioned isnt it weird they have been delaying 2nd quarter earnings for so long.
@UVr3Vgy-omn I already up ten cents today. When I get a quarter more I'll get out as soon as possible. Not going to wait for earning call. Well, maybe I will leave my profits on the table just in case they really has a good earning. I feel like a good karma is coming my way.
@UVr3Vgy-dlg you wasted your money, when "earnings" come out you will lose it all
What a disgusting week.
I added 8000 shares @1.26. Will be $2 in a week. Wish me luck!!
It's probably good old fast Eddie.