Say hello to a new 52wk low.
12 replies (most recent on top)
The money that Eddie lends SHC is secured -- correct? Meaning that in the case of default, he still gets something?
Were the Nordstrom lenders such as Chase going to have a security interest in Nordstrom properties or just hope that Nordstrom could make the payments, thus justifying the interest rates of the financing?
SHLD closed today at 4.01
@QiHtzDF-1neq No, Sears is getting ripped off by Eddie.
@1fgr so u think Eddie is getting ripped off by sears???
@QiHtzDF-1fyl Why are you even bothering s---ing Eddie's c---? It is a rip off no matter what because he knows they won't be able to pay it.
Hfr- really? The Nordstrom family wanted to take their large profitable company private and the best rate they could get was 13%.
But Eddie getting 9 and 11% on those loans is outrageous??? WTF? How can YOU pack that many lies into a sentence? Seriously Nordstrom’s 13%, sears 9% what bizarro world do you live in?
https://www.bloomberg.com/news/articles/2017-10-17/nordstrom-lenders-demanded-interest-rate-the-family-couldn-t-pay
@sar - "Eddie and Berkowitz are the only creditors and they keep loaning at very favorable rates so this has no impact, just normal profit taking." I must give you kudos for being able to pack so many lies into one statement! The fact that Eddie and Bruce are the only two entities still willing to offer loans to SHLD is a testament to the train wreck that SHLD has become. Also, they are not SHLD's "only creditors;" SHLD owes money to many other entities. The terms of the loans offered by Eddie are outrageous with interest rates that are exorbitant. These specifics have a direct bearing on the value of SHLD stock. There isn't anything "normal" about the predicament that SHLD is in!
After a 12% bump and a 10% bump it’s normal to see some profit taking. As of 11am shld is off 6% in average trading.
This big news is another nothingburger. Eddie and Berkowitz are the only creditors and they keep loaning at very favorable rates so this has no impact , just normal profit taking.
These arent the droids you’re looking for, move along.
who ever wrote this post was right on already down 6.13% down to $4.29 at 10:30 lets see how far it will go
All that sweet, sweet gain will probably be wiped out by the end of the day. Good.
@dtf if I were an investor in SHLD right now, I would definitely see the credit rating downgrade as a sign to get out now! Even getting something back (even at a loss) is at this point better than getting nothing!!
You don’t think a credit downgrade will be seen as good news?