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Sears Holdings Corp. (SHLD) Message Board

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  • debaser8 debaser8 Sep 19, 2012 11:18 AM Flag

    Somebody Please Explain SHOSR

    It's a spinoff of rights to buy Sears Hometown shares. You need approximately 4.6 rights and $15 dollars for every new Sears Hometown share you want to buy (through a corporate action form).

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    • I sold my measly 200 shares today at $2.43/share. The 200 SHOSR would have only given me the right to buy about 43 shares of the new spinoff which will trade under the symbol SHOS at $15/share. I wasn't too keen on paying $15 for a stock that currently isn't being publically traded and I have very little knowledge about so I preferred to sell the rights and at least have cash to show for it. If you don't exercise the rights by purchasing SHOS, they expire worthless. You need to check the dates that you must either exercise the rights or sell them as the time frame is very short.

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