Many of us may spend $20 or $40 on lottery or slot machines or a couple hundred on a sports bet anyone else buying a bunch of Sears shares in case something interesting happens ?
12 replies (most recent on top)
Well, I didn't understand the value of something called Bitcoin years ago and I still don't. I sure wish I had bought some then. I don't see any value in SHLD, but with Eddie who knows. Good Luck.
At least some humor is on this board, which it needs, and nobody attacks back. Thank you.
I'm still holding my Kmart stock. I just know it will be valuable someday. Of course, I'm completely full of sheets.
You have a chance of winning some money back on the lottery!
This is NOT like betting on an existing team. Its like betting on a team in the defunct WFL from 30 years ago and saying they will win their equivalent title game next month.
You can already get a 33x time payout on unsecured bonds. Is that not a good enough a bet for you? Right now you'd get just as good odds betting on the Cowboys to win the Super Bowl (they've already been eliminated). There's nothing left for Sears shareholders to recover.
@uma It might still be possible to have some small gains if he's using a low-fee brokerage such as Robinhood. Waste of time regardless, though.
this is like betting the Blues win the Stanley Cup or the Browns the Super Bowl, you may as well take the money and throw it out the window, as you're never seeing it again!!
Yea, you realize that those shares are going to be cancelled and you will be left with nothing, probably within the next 20 days or so? Once the auction goes through and the sale is completed, I don’t see those shares lingering on for much longer.
Do I understand correctly? You realize Sears (SHLDQ) stock will eventually be cancelled whether ESL does or not have a winning bid on assets from the company "SHLDQ"?
If the "SEARS" brand is included in his purchase ESL or some other body could operate Sears under the same banner; but not as part of the currently bankrupt company "SHLDQ": Sears/KMart.
Some companies can come out of bankruptcy whole; as a going concern; but that will not be the case with Sears. It has too much debt. Very few companies come out of bankruptcy whole; which requires their having sufficient funds to cover all of their debts.
So basically you are just gambling on changes in the stock price of a company that will have shares dissolved; but that will likely trade for many months; possibly even after the bankruptcy process ends.
The problem with your strategy is that any potential gains would get eaten up by trading fees. Leave penny stock speculation to the pros.
I got rid of Sears stock from my 401K investment portfolio several years ago and have not looked back since.