Wouldn't it be great if it was actually good results we were posting and the delays are for maximum effect?
I know, I know, keep on dreaming...
9 replies (most recent on top)
in Chapter 11 new debt is issued which gets paid before other creditors. I think creditors will force chapter 7 a liquidation to maximize their recovery
There is a reason they brought in Mark Johnson. He directed Toys r us through BK. Toys r us declared BK just a few months after there plan to make a comeback was announced.
How could it possibly be OK ? The company has lost BILLIONS in the last seven years, is stripped of assets, including all the premium real estate, devoid of customers (the members seem to stay at home), has no credit base, lost all its most experienced managers and associates, and is mired in debt. What could ever make that OK? Delusional.
I looked to the left and saw an oncoming train when I should've been looking to the right and saw that oncoming train...
Such negativity! Going to be ok..
Numbers are going to be good. You guys haven’t been paying attention
and miracle of miracles - even IF Sears WAS able to pay down debt at 400mm per quarter it would take 3.5 years - so 99.999999% it would be "ooom-possible" - bankruptcy is the hand dealt and will play out - a Ch. 11 re-org is quite possible but a Ch. 7 is more likely
If it were good it would have come before the bell, to let the stock ride up. If the sale of Kenmore does go through the PBGC is going to take all or most of it and there will be little to no cash infusion. 5.6 billion in debt and losing 400 million a quarter , where is the money gonna come from for anything more than chapter 7? They would have to have money for a chapter 11 to finance a "turnaround" Not trying to be negative, just realistic. Where is the money coming from for said revival?
its going to be bad