Denny you make too many unfounded assumptions about people. Went out to Santa Cruz island last weekend and took a 5 mile hike with friends and family in a stunning setting. Returned home to my place for a great meal. My friends call our home a resort. Beautiful setting.The other Denny Crane used to live near me. He is a horseman, like Tom Sellick who also lived near me but has moved closer to the studios.
I suspect Eddie is reducing his eventual total loss by being paid interest on the shares shorted and playing games with buy and and sell and options . He will manipulate it as much as possible before the floor falls out under him fast. If he can make 5-10 million a month with games the next hear it cuts his loss a bit. I expect when the Co goes BK the REIT will buy it out of BK for near nothing, closing all leased stores elsewhere. Sears will remain in business until they can repurpose the REIT stores over a few years as they are in the better malls. He has lost hundreds of millions so far and there is no reason to believe he will change this . His holdings have been reduced dramatically via losses. I do not believe there is a good plan to get well. Come to Jesus time is only months away when all the cards will be played,IMO. The pension true up, the April loan due. We will see. The stock may bounce a bit but the losses should accelerate as there is a big monthly rent bill offset a bit by paying off some debt recently. I do not believe same store sales will ever improve as 3% of the loyal customers die off each year or exit being consumers at an old age. Each year less people will return without a retail value proposition the customers embrace.
the stores are operating at about 5% of design capacity. Hard to make money on those numbers
they don't know how to lead as there is no platform. they only understand complaining and ankle bitting.
Have you lost 60% of your money the last 18 months. Icahn did for his investors, Heavy in oil the numbers tell the story. He has turned much of his investing over to his village idiot son
I rode IEP from 90 to 148 and sold out. Made plenty of cash on VVUS biting at 6 bucks and unloading
lchan has lost his investors about 60% of their money in IEP over the last 18 months. Icahn knows sht as he gets feeble
Remember Mitt told us to get your parents to loan you money for College. Eduction is the key but rich people don't care as they send their kids to private schools and don't want competition from other smart kids who don't have money for good schools. I like the idea of community college is free for general education or skill development classes.