Thread regarding Sears layoffs

The Bottom Line

Sears has until December 15th to find a buyer or they will be forced to liquidate. Now obviously, if there was a buyer to be found they would've shown up by now, and with Eddie having sold off all the valuable assets, leaving behind an empty, debt-laden husk, nobody in their right mind would buy Sears.

The courts know this full well, and have acquiesced to allow enough time to take advantage of the holiday shopping season, and then that's it. The only people who don't know how this will end are the most delusional Sears' employees, because all stakeholders, investors, and everyone associated in the proceedings knows exactly how it will end, as they have already laid out the death warrant and funeral arrangements.

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Post ID: @OP+VENH6MY

6 replies (most recent on top)

" You do realize they just got a $500m loan which they have to pay back and that was just to cover what they had to pay today."

Sears is not making today's bond payment, which is why they must declare Bankruptcy and is why the courts were given say over Sears' future. That loan will be used to fund operations the remaining few months, not pay any loan obligations.

And this fact alone is 100% proof that there are no plans for Sears' survival, only a money grubbing last ditch effort to cash in on Christmas. That is the true nature of the people involved.

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Post ID: @cht+VENH6MY

There are no assets left for anyone to buy, all will be sold to satisfy the creditors. There is not going to be anything left. You do realize they just got a $500m loan which they have to pay back and that was just to cover what they had to pay today. Their is no future here only dent and shame for what Eddie did to sears and Kmart

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Post ID: @hjw+VENH6MY

Eddie is already the majority shareholder so when liquidation occurs, he will be the defacto buyer, but he has no intension of saving Sears. He will simply carve up what's left and sell it for whatever he can get, as any liquidator would do.

And what's left sure isn't worth 11 billion, Sears' total debt, or even 4.4 billion, the difference between their debt and assets. And I bet when all comes out in the wash, that 4.4 billion number turns out to be very conservative, not that the general public will necessarily be told what the final tally is, because once liquidation happens, there's no legal requirement to publicize the details.

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Post ID: @yaa+VENH6MY

Eddie will buy he good assets fora song. It appears 1/2 of the stores will go early on and the rest in chapter 7

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Post ID: @zxc+VENH6MY

Keep in mind that even if SHLD found a buyer, that buyer could be a liquidator. A buyer doesn't necessarily mean a savior.

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Post ID: @evv+VENH6MY

Of course there will be a buyer -- Fast Eddie! He can put back his debt-free, slimmed down Sears and Kmart empire for pennies on the dollar. That is why he stepped down as CEO. You can't bid for the company while running it.

The guy is tenacious, I will give him that. There will still be some form of Sears and Kmart with him in charge when this is over. It may mostly be online, perhaps it will rely on the Hometown Stores in partnership to handle order fulfillment, but all signs point to his continued involvement.

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Post ID: @iez+VENH6MY

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