Actually Cops just don't like to police white people. They prefer to arrest blacks. Who gets pulled over and eventually shared has a lot to do with color. The stop and frisk policies determined whites were just as likely to have drugs weapons etc but received a disproportionate free pass to not be searched .
13 billion in assets now Rocket Sears and over 2B of lost stockholder equity .
eddies funds have sold 3 million shares this year so far
JCP has already picked their product lineup for the 500 stores starting next month. Nothing good comes from anyone selling the Kenmore name in their store.
there is less money for Lowes to make selling Kenmore than LG or Whirlpool as Sears would get a cut. This pursuit is just the hail mary to help delay the stock price crash. the Pension folk will have a lot to say about this.
No worries 5M in a day losses is the real deal . All the other appliance dealers sales are up and Sears down. They don't want or need Sears lines to sell. Sears dies they get more business.
I believe none in the US.
You have options action going on now. The pace of losses is accelerating. Nothing was offered that showed any change in operations to improve. Talk was about liquidity, not improving business. Next quarter results will be horrific. Cant imagine suppliers participating much longer. Burnt through almost all the cash raised again . Cash on hand much cannot be more than 100M now. Time to draw down the credit lines..
more to come
I agree , they will need to add to the pension on the order of 400M come December and will not have the money to pay it. I think they will perish before then .
Absolutely correct unless there is more cash quicker to the pension from the deal. What would you pay to sell the brands if Sears is about to go under? What does this line add to your reputation. Would former Sears customers be willing to buy a Kenmore washer at Best Buy when they last experience with Sears appliances was bad? Who wants this as JCP opens 500 appliance stores . Floor space is valuable. Do you want this line taking up space. Craftsman tools sold outside the stores has not done much. The battery? As we know the company has written down the value of these assets and said more coming if sales continue to decline.
I believe they know nothing will happen but they need a "story" today to help the stock.