Works out to about $20 per share CASH. Bankers are saying bids are on the table for Land's end but Eddie is driving a hard bargain. Honestly eddie, just take the $1.8B. Whether I get $18 or $20 a share I could care a less as I know I'm getting over $150 a share in value eventually. JUST TAKE THE $1.8b, WE'LL OPEN AT $80-85 THE NEXT MORNING!!!
didn't they pay like 2bil. a decade ago for it? no wonder he wants more, not very good ROI wouldn't ya say?
Think i'm gonna short more, this turd will head down, this recent rise has no fear in it so doesn't seem like a squeeze situation, which if it was would make me think something or a SALE of some part was in the wings.
Knock yourself out! Use some margin too. I don't think Berko and Lampert care whether Alan Lacy's ROI on Land's end is any good, and neither do I. SHLD reports 11/16/2012 but I wouldn't expect that to move the needle. Selling one of the many brands for 20 a share will probably take us to 100 though.