Saw this posted on seekingalpha from a bankruptcy docket on old Sears.
https://restructuring.primeclerk.com/sears/Home-DownloadPDF?id1=MTU1NDQ2&id2=0
Lot of stuff in there but looks like I was right about credit card signups, if I read this right they want 1.8 million new accounts out of 425 stores? That’s like 4300 per store. Wouldn’t be surprised if Eddie hires people greeters to grab people as they come into the store to sign them up.
@urs Enjoyed your institutional and corporate list. Saw a number of institutions and corporations in my mutual funds. By the way, private investors do not have to disclose their positions and can actually be anonymous or be a shell corporation.
Nothing wrong with it except it slows down the checkout process. If they specifically had a person setting up credit cards at a separate register or something it would work better.
I mean put a table by the big ticket stuff, appliances, tractors, grills etc. ask people if they want to sign up, take them to unused register, process the application. Doesn’t slow down things for everyone else in line.
@Yp9zNEV-klg.... Ya, sure he is,.
Here's a list of the top shareholders of CitCorp.
Let me know when you find Eddie's name, Transformholdoco, or Eddies's stupid hedgefund ( ESL)
Major HoldersCurrency in USD
Breakdown
0.17% % of Shares Held by All Insider
79.90% % of Shares Held by Institutions
80.04% % of Float Held by Institutions
2,089 Number of Institutions Holding Shares
Top Institutional Holders
Holder Shares Date Reported % Out Value
Vanguard Group, Inc. (The) 179,143,858 Dec 30, 2018 7.65% 9,326,229,247
Blackrock Inc. 172,569,709 Dec 30, 2018 7.37% 8,983,979,050
State Street Corporation 106,804,346 Dec 30, 2018 4.56% 5,560,234,252
FMR, LLC 83,206,567 Dec 30, 2018 3.56% 4,331,733,878
Bank Of New York Mellon Corporation 39,504,540 Dec 30, 2018 1.69% 2,056,606,352
Invesco Ltd. 38,528,108 Dec 30, 2018 1.65% 2,005,773,302
Harris Associates L.P. 37,552,566 Dec 30, 2018 1.60% 1,954,986,585
Northern Trust Corporation 32,154,657 Dec 30, 2018 1.37% 1,673,971,443
ValueAct Holdings, L.P. 31,525,500 Dec 30, 2018 1.35% 1,641,217,530
Massachusetts Financial Services Co. 31,116,621 Dec 30, 2018 1.33% 1,619,931,289
Top Mutual Fund Holders
Holder Shares Date Reported % Out Value
Vanguard Total Stock Market Index Fund 64,031,025 Sep 29, 2018 2.74% 4,593,585,733
Vanguard 500 Index Fund 46,858,716 Sep 29, 2018 2.00% 3,361,644,285
Fidelity Contrafund Inc 28,615,858 Jan 30, 2019 1.22% 1,844,578,206
SPDR S&P 500 ETF Trust 27,282,716 Feb 27, 2019 1.17% 1,745,548,169
Vanguard Institutional Index Fund-Institutional Index Fund 24,021,384 Sep 29, 2018 1.03% 1,723,294,088
Select Sector SPDR Fund-Financial 18,828,964 Feb 27, 2019 0.80% 1,204,677,116
Fidelity 500 Index Fund 18,295,399 Jan 30, 2019 0.78% 1,179,321,419
iShares Core S&P 500 ETF 16,609,611 Feb 27, 2019 0.71% 1,062,682,911
MFS Series Trust I-MFS Value Fund 15,493,512 Aug 30, 2018 0.66% 1,103,757,794
Vanguard Index-Value Index Fund 14,278,902 Sep 29, 2018 0.61% 1,024,368,429
I guess I dont understand the problem with this. If you work for Target the registers will prompt you to offer a Target Redcard to customers. It is also something that is built into your monthly expectations as a manager or employee. Why is any change in the way we do business always met with so much negativity. Maybe if we had changed sooner vs doing things the way we always have we wouldnt be in the current mess we are in.
That’s only a little over ten per store per day. I get that many people who ASK me if they can apply a day. This is a low ball number for sure. Typical Eddie.
Nice job, OP, knowing how to do the maths. Which apparently neither Eddie nor the bankruptcy court are capable of doing
That presentation is a masterpiece of imaginary BS
Gonna be difficult to sign shoppers up for credit cards without customers coming into the stores in the first place.
Sears went bankrupt due to a downturn of sales and customer foot traffic.
Another delusional plan from Eddie.
Remember, Eddie is one of the major stockholders in CitiCorp. He makes money at both the store level with credit card signups and the CitiCorp level when the stock appreciates.