They need PIR to keep functioning so that thestore in Puerto Rich and Mexico can continue tooperate.After PIR goes into Chapter 11, it will drop to 50cents.Sears will move to take over PIR in bankruptcycourt.I'm going long on PIR at 50 cents. It will take sometime for Sear's to get bankruptcy court approval totake over PIR.When the court approves thetakeover, my 50 cents will go to 7 or 8, maybe more,depending on how many of the non-performing stores areclosed by the court before the takeover.
Can you believe this!!!Funnyguysaid: "PIR needs to keep functioning so that the storesin Puerto Rich and Mexico can continue tooperate. After PIR goes to 11, it will drop 50 cents andthen is the time to buy BIG. Sears will try totake over PIR but will go bankrupt trying. I'm going long on PIR to 50 dollars. It will takesome time for Sear's to go bankrupt but will getapproval to take over PIR. When the court approvesthe takeover, my shares will go to 70 or 80, maybemore, depending on how many of the non-performingcompetitor stores are closed before thetakeover."Right On Funnyfuk. You have seen the light!!! Go Longon PIR like Funnyass!!Go BIG 10!
I haven't heard the rumor, however, it doesn't make much sense if Sears is trying to dump their At Home furniture stores.