Thread regarding Sears layoffs

Eddie had NOT bought any stock in months. Every month he gets shares for free as part of his option package. Look at the SEC filing and where it says "price acquired at" or whatever the number is always 0. He continues to dilute to his own benefit, despite performance that warrants nothing more than being fired.

When are they suppose to announce the Q2 earnings? I'm guess it suppose to be this week or next is it?

They are probably going to wait until they have to announce their earnings at the last possible minute.

@UJTakUf-1img When are they suppose to announce the Q2 earnings? I'm guess it suppose to be this week or next is it?

@UJTakUf-1img: I believe you, man. Look what's happening right now during the pre-market opening. The stock is taking another big hit. When the bell rings this morning to open regular trading, I'm sure there will be some kind of news that will cause it to plummet even further.

Market Summary > Sears Holdings Corp; NASDAQ: SHLD

1.32 USD −0.14 (9.62%)

Closed: Aug 20, 7:02 AM EDT

Pre-market 1.27 −0.045 (3.42%)

Watch carefully. If an announcement comes they are delaying quarterly results, its game over.

More signs to show that Bankruptcy is just around the corner. This news few weeks (until October) are going to be crazy man I just wonder how crazy its even going to get before the 2nd earnings are reported.

@UJTakUf-1gea The ship is already down

Hold tight BOD. Don't let Eddie bully you!!! If you cave then you will go down with Eddie. Hold tight and see this is just another ploy by Eddie to control you!!! Time to end Eddie's manipulative, condesending ways and stand up for what is right. Don't go down with the ship!!

he would have to file with the fed to do that, and that might cost more than any stock deal he would do at this point and not worth it to him, my best guess is free fall to the wolves

@UJTakUf-bof: And your assessment is 110% correct. Kudos to you. :D

@UJTakUf-bof: Eddie's ESL investments was buying stock last week as other investors were unloading. Look at the price trend tomorrow when the market opens. As investors start dumping the stock, the price starts plunging. Then Eddie buys the stock to stop the slide. I can guarantee you all that no one except him is buying the stock.

Wonder what will happen with the stock this week

Eddie bought a bunch of stock at the end of July to stop the last slide and prop up the stock for awhile longer

Let’s see if he does that again

They will not be able to meet payroll after 9/5

Eddie has run out of time

Everyone knows the bankruptcy is coming very soon

Look at the stock drop like a rock

Analysts suspect that the cash crunch at Sears is getting tighter, and the company may be eager to sell assets to raise the cash needed in order to make it to Christmas

And now, the end is near

And so I face the final curtain

My friend, I'll say it clear

I'll state my case, of which I'm certain

I've lived a life that's full

I traveled each and ev'ry highway

And more, much more than this, I did it my way

Regrets, I've had a few

But then again, too few to mention

I did what I had to do , I saw it through without exemption

I planned each charted course, each careful step along the highway

And more, much more than this, I did it my way

Yes, there were times, I'm sure you knew

When I bit off more than I could chew

And through it all, when there was doubt

I ate it up and spit it out

I faced it all and I stood tall and did it my way

I've loved, I've laughed and cried

I've had my fill, my share of losing

And now, as tears subside, I find it all so amusing

To think I did all that

And may I say, not in a shy way,

"Oh, no, oh, no, not me, I did it my way"

For what is a man, what has he got?

If not himself, then he has naught

The right to say the things he feels and not the words of one who kneels

The record shows I took the blows and did it my way!

Through his hedge fund ESL Investments Inc., Mr. Lampert first approached Sears in April about buying Kenmore and other assets, though he didn’t specify prices. A deal, he wrote in a letter to the board, “could provide an important source of liquidity to Sears and could avoid any deterioration in the value of such assets.”

Sears formed a special committee of independent directors to review the proposal, but it has said nothing since. Last week, Mr. Lampert wrote the board to specify his price and say he was “prepared to move as quickly as possible.” He said he was hoping to sign a deal as soon as Aug. 24.

Mr. Lampert has good reason to move fast. Sears has $133 million of debt coming due in October, and it could use the money from a Kenmore sale to help repay those loans.

can you copy and paste that article we need to be wsj subscriber