Soo I'm a long term sears employee who was terminated from the sears appliance service division.so I see the stocks at 6.87 . I have been wrapping up all my pennys' because theres nothing better to do.so it hit me whenthe stock drops to penny value I can buy the company .
7 replies (most recent on top)
Even with all pre 1985 pennies at scrap value price of .02 each, it still not worth it.
spot on- i expect q4 losses will be over $1billion.
Even at .0125 per share it would be over priced. With current earning/loss projections you would have to pay me to own this stock.
price can be below penny FYI
$3 billion and the rest, the debt owed to the banks/esl/eddie and the pbcg deifict is about $7 billion alone....
It would cost about 1 million dollars to purchase 100 million shares at 1 cent per share. Of course tour attempt to purchase large quantities would drive the price up because for some reason. Eddie and his cronies still have a tight grip on 70 percent of the company. Now think about what you would have if you bought the co for 1million. You would be purchasing a company that is about 3 billion in debt and bleeding millions per day. The time to puchase Sears will be after it goes bankrupt and then get relieved of all its obligations by Mnuchin. They know what they are doing. They might even purchase JC Pennys after Sears goes bankrupt. You just have to know how to play the game. Its a very complex game. If it were easy we would all live on private islands.
But why?