What are you going to do with the cash you get from the 45% redemption shares?
And the answer is.....buy more **** shares.
For all the obvious reasons.
Can't picture too many stock players(that's all of you) puting it all in a bank to get about .0001% interest while inflation spirals upward(how much for a gallon of gas) and paying the taxes to boot.
**** = any stock you choose... .......but my guess is you'll choose .......one starting with an S... .......based on the current price uptick .......and the fact that .......(like watching a speeding train) .......you can no longer turn away.
Personally, I am going to opt for shld. but, I also am believing that most shareholders will do the same, thus the percentage of $50 to % of shld will kick in, I really don't see anyone opting for the $50. but that is just my opinion. any others??
Will also opt for the SHLD but I also agree most are going to go the same route and it will come down to the proration. ESL has allready said in the merger materials that it will transfer all of its S into SHLD