Thread regarding Sears layoffs

Previous poster said Bruce was selling shares. Revealed in SEC filing. I will have to look it up.

Berkowitz said he’s not selling but he closed the fund and is giving everyone their shares of everything (the bulk are his tho).

Returning them is a tax ploy.

@1jna "So bff Bruce is selling his stock? Is that in addition to his fund investors that he gave the stock to?"

Yep, Bruce is getting out entirely and disbanding his hedge fund. There was a thread about it a week or two ago: https://www.thelayoff.com/t/PMvaUkh . The people who invested in the fund will receive individual control of all the shares they'd owned through the fund. I expect most of them will be / are selling off the Sears shares before it becomes completely worthless.

@1ojm @1dnw It's more likely you'll be living in a van down by the river than living in a mansion after buying Sears stock, which will be worthless in the near future.

@ibn You were correct. SHLD has gotten as low as 3.75 today and is currently around 3.80

@idnw Funny...nice sarcasm. I don't understand why some even bother to post some ridiculous comments, but if it makes you happy I guess why not say WHATEVER comes to mind.

@ojm Keep buying shares, someday you’ll be able to afford a matchbox Ferrari while sleeping outside in your luxurious 4x4 cardboard box.

If Berkowitz is getting out I am getting in, just placed a trade for a thousand shares

So bff Bruce is selling his stock? Is that in addition to his fund investors that he gave the stock to? That's a lot of stock on the market. Bruce understands the effect of these things so what does that tell you?

Conspiracy theory -- He and Eddie made a secret deal that now is the time to give up the pretense. After all, it's not Eddie's fault is the company is tanking in the market. Pesky market forces. Or so they might want it to appear.

@QeMHKSN-1ege Guess the game's up then, isn't it? The false value of the stock has finally been shattered and its true value (which isn't much) is starting to be exposed. Watch it fall even further probably would estimate that by the end of the week the stock is going to be between $2-$3 mark.

the reason for the drop today is answered in a SEC filing, #2 stockholder Bruce B. disclosed he has started selling shares daily.

Cue the late, great Tom Petty: https://www.youtube.com/watch?v=1lWJXDG2i0A

At this pace, Sears Holdings could be done in the next year (if not sooner). Lampert is making out all of the loans he's made so he would be the first creditor in case of a Chapter 7 filing. SHLD has a lot of debt payments due next year and I doubt their ability to make all of them.

Patience. That is how you win in the stock market. I am sure everyone has seen their own personal 401ks go up and down over the years.

The lower the stock, the lower value of the company. Dropping to the $4 range is not good

Patience. That is how you win in the stock market. I am sure everyone has seen their own personal 401ks go up and down over the years.

the 17% loss in same store sales at Sears has shaken any remaining confidence a transformation was succeeding.. Watch more suppliers refuse to ship without advance payment

Guaranteed the stock will be in $3.00 territory tomorrow.

Patience. The transformation is almost complete. It could turn. It could be like buying Amazon in 1997. To put it in perspective, the market cap of Amazon is over a thousand times larger than Sears. Hey, Amazon loses money selling merchandise also. The cloud business is keeping Amazon afloat. Maybe Sears could get into the cloud business. Turn malls into data centers. Thats where the money is.

Some people said buy more stock well whoever bought stock already lost a significant amount.

Freefall. Never seen it tumble so fast. Can’t help but think why though. Aren’t all the remaining shares held by two or three people?

Looks like it closed @ 4.12.