I must say he called it ... the news of the big guy leaving sears is front page news for the sears followers and those at then New York stock exchange. I never doubted you homie keep us posted any anything else
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Taking sears private would bankrupt whoever decided to do that...not to mention sears still continues to lose more and more money each day. Why would anyone want to take sears private?.... they would have to buy the shares, then cover the company's debt. Also "revamping" those brands would be useless because they're already being distributed through more channels anyway? How would you revamp the brands? Do you buy back the rights and sell them only in the small amount of sears stores that would remain? That doesn't make sense.
Am I missing something @PNzdgSG-1gmt?
Yes. It could all go bad or Bruce and Eddie could take Sears private and end up revamping DieHard/Kenmore, close some more stores, and we wouldn't be talking about bankruptcy in January.
The shares are super cheap. They could afford to buy anything out there.
Lol. Come on people. 17 days ago, “Popcorn” said 2 billionaires would change SHC for the better in a week.
It’s been more than 2 weeks, and BB leaving equals ONE millionaire taking his money and jumping ship.
Ya, Popcorn was totally right.
No disrespect but plan for what? Trying to stop further losses? Sure. World domination no. Bruce came to his senses.
I doubt he's loves owning all that SHC stock personally but I'm sure he will stay well off even with the losses. I bet his wife is ready to kill him.
The other smaller investors should sell their shares or do whatever to get some money for it.
What if this is all just part of the plan?
Yes Bruce will also end up with a great deal of the shares as well....all in the press.
Bruce not only left the board he is dissolving his hedge fund ... the sears stock will be distributed to its owners and when they get it control of the shares do you think they will wait to end up like Sears Canada stock ? worth penny's ? Nope look for the stock to be dumped BK is looming big time
Going private who the heck would take on the debt this company has, this company is done, Eddie is draining what he can before the BK starts then he can take over the properties
I doubt anyone truly things these events are a good thing for the company. That is, unless you're someone who just wants to see it out out of it's misery.
What if we are going private?
A broken clock is right twice a day.
Don't you see he is jocking ?
Obviously Popcorn was talking about a god news (and he was wrong).Bruce quitting the board is the opposite, nobody can think that the largest long term investor quitting the board is a good for the company, employees or investors .
What?...the post he made literally could have meant anything because it was so vague. Let's be real hear, something happens the exact same times every year. If you truly believe this guy is legit you aren't very intelligent.