I think only 300M because they have already kicked the tires and found out that is all they can raise, maybe, it is not in the bag they can do it.
My guess is he went to Sears to buy a 40 pack of Depends Maximum Protection, but they were out of stock at Sears.
Sentiment: Strong Sell
He's obviously a bright guy, but the corner he's in is getting tighter and tighter and he has very few moves yet. And some of those moves involves a BK that would leave him more or less whole and screw the shareholders. I get the long thesis, but so many things have to be true for that to pay out that the risk/reward is just nuts. There are many better plays out there. Maybe I'm wrong on my short thesis, but you have to admit my chances of succeeding with that strategy are much higher than the long chances.
Yeah, maybe he's finally realized it's not worth it.....nah, I don't see any pigs flying yet. Let's see what they pull out of their @$$e$ tomorrow, it'll cost them big.
The only thing that's hidden is eddie's escape route, but he most assuredly has one and it likely goes over the backs of the longs.
Who exactly would yammer about this small cap stock as much as you do and NOT want to be paid????? And brat boy is a euphemism.
you are so delusional. And I like Brats so I don't consider that an insult. Who exactly would pay anyone on either side of this trade to yammer about this small cap stock? Get a grip or a clue, one or the other.
The longs think there's a hidden real estate play here. Eddies continued investment in LE and SHOS shows that he actually thinks the retail ship will right itself. And to unlock value in real estate, you need time. Nothing is cheaper than distressed real estate in a thin market and with 2400 some retail outlets across all retailers closing their doors in 2016 retail space will be available everywhere for dirt cheap. And even if there is a real estate play, their announcement today said they're only trying to raise $300 million from sale of assets which is enough cash to last about 8 weeks. You can run, but you can't hide. Name calling and random stock targets are all the longs have left.
Sentiment: Strong Sell
Hope is not a plan. To have a squeeze, you must have demand. With the results they're showing, no one will want this pig. Holiday results are the equivalent of torpedoing the Titanic after it hit the iceberg. So dead.
Genuine fact free made up numbers. What's your thesis? closing stores will encourage investors? Firing more staff will cause the stock to go up? What's the catalyst? More magical thinking from the longs. If you think today was the low for the year, you're going to be sadly disappointed. Lacking any positive catalyst, they will drift lower and lower until the cash crunch becomes a total killer and vendors stop shipping. Classic death spiral. Sorry longs, you got nothing.
How can that be? He's been buying on margin since the 50s and has never had a margin call. Of course it is entirely possible (probable) that his word had no action to back them up.
Would the wretched one lie to us?