How fitting that these chuckleheads turn down an earnest offer — at, what, $51/sh? — from the good Nordstrom clan, only to see their investments cut in half.
What a gaggle of greedy losers! What, did they think $JWN would spiral back to $80? Were they looking to make a k–ling? What complete asshats! I spit on them.
And of course the Nordies dodged a real bullet here because the moneylenders were looking to rape them in broad daylight. They would have been like the pe firms with their retail plays, doomed by the debt load taken on via the leveraged buyouts.
I do hope the Nordstrom family can regain control and private ownership of the company, so they can succeed or fail on their own terms. They are fine people, solid.