Closed at $1.22 today....Will be interesting to see what the rest of this week will be like.
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Eddie’s not looking to buy home services, he wants the home improvement business. Different entity of Sears than home services. SHIP (as it’s called) does roofing, siding, windows, doors etc. Even he doesn’t want home services after he’s been trying to sell it for years.
@UKuFtAn-btw I believe Sears having massive debt, money is actually due apparently this October and 2nd quarter earnings to be announced (and we know those are going to be ugly) I think its pretty much game over. So the stock is melting since no good news is coming out from Sears. Its insane its close to be under $1 if I gets under it I just don't see it doing a comeback at this point.
@mdu More like Eddie is about out of cash to be able to continue to prop up Sears Holdings!!
Because the company is out of cash, out assets, and out of time
How can it get so low when Eddie owns most of all the stock? Am I missing something?
pull the band aid off
If Eddie can push through the sale of Kenmore and Home Services, then it will provide some funding to kick the can down the road just a bit. I'm guess we might make it to year end, if that happens. It's hard to be sure, though. Not sure if the will make the bond payment that's coming due.
@UKuFtAn-ktz. i predict the de-listing will happen shortly after the Q2 results have been reported
It's de-listed after 30 days consecutively below $1 so tough to say. It might get below $1 and bob up and down again around that $1 mark for a little while before staying under for good. Knee-jerk reaction tells me to think that perhaps SHLD might actually implode and announce complete liquidation before it actually technically has a 30 day lifespan under $1. So I will predict that the de-listing will occur when SHLD totally fails and stock value crashes to $0.
I am of the mindset that day will occur on October 15, 2018.
Maybe we should start a betting pool for when the stock gets delisted from Nasdaq.