You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
SHLD
- Thread starter Cuddles
- Start date
I called it, bought ATM puts last week.
They're still making ~3billion in revenue per year. That can be salvaged.
Thanks for the update. Someone explain how I can buy a company and get them to pay for it by taking on a loan? What am I missing?
Sears Auction
Sears will hold a court-supervised auction on Monday, and CEO Eddie Lampert will compete. The Sears board could have rejected Lampert's bid, which he has now promised to boost, in which case liquidation proceedings would have begun. Lampert's ESL will provide a non-refundable $120 million deposit to participate in the auction. Wall Street Journal
Sears will hold a court-supervised auction on Monday, and CEO Eddie Lampert will compete. The Sears board could have rejected Lampert's bid, which he has now promised to boost, in which case liquidation proceedings would have begun. Lampert's ESL will provide a non-refundable $120 million deposit to participate in the auction. Wall Street Journal
From BGG (Briggs & Stratton) 8K:
Net sales are now expected to be in a range of $1.90 billion to $1.96 billion (previously $1.95 billion to $2.01 billion), a $50 million reduction. The decrease contemplates a $30 million impact from the Sears bankruptcy and $40 million in lower sales in Australia and Europe due to unfavorable weather
Net sales are now expected to be in a range of $1.90 billion to $1.96 billion (previously $1.95 billion to $2.01 billion), a $50 million reduction. The decrease contemplates a $30 million impact from the Sears bankruptcy and $40 million in lower sales in Australia and Europe due to unfavorable weather
U.S. Federal Pension Insurer Backs Eddie Lampert’s Bid to Buy Sears(The Wall Street Journal)
Sears Holdings Corp. Chairman Eddie Lampert won the support of the U.S. government’s pension insurer for his $5 billion buyout proposal, a critical vote in his favor as he vies with other creditors who want Sears liquidated. Sears lawyer Ray Schrock told a bankruptcy judge Thursday that the Pension Benefit Guaranty Corp. had resolved its $1.7 billion claim against the company and would back Mr. Lampert’s proposal to buy hundreds of stores out of bankruptcy.
Sears Holdings Corp. Chairman Eddie Lampert won the support of the U.S. government’s pension insurer for his $5 billion buyout proposal, a critical vote in his favor as he vies with other creditors who want Sears liquidated. Sears lawyer Ray Schrock told a bankruptcy judge Thursday that the Pension Benefit Guaranty Corp. had resolved its $1.7 billion claim against the company and would back Mr. Lampert’s proposal to buy hundreds of stores out of bankruptcy.