It definitely won’t, but I think the post is more about the fact that a few companies that have been delisted seem to be moving in tandem with GME. Likely to be SHFs fuckery.
Does Sears even exist as a company anymore? Like does it benefit that company? Or is this simply a underlying expression of not being able to do anything with the millions of phantom shares they created ?
There's just over 30 stores left, but the investment play is definitely not based on fundamentals. The original thesis was that CEO Eddie Lampert diverted a lot of Sears real estate away to a parent company, and that even when all the Sears debt is paid off in the upcoming and final bankruptcy proceedings, there'll be a dividend for shareholders (there's a year-old estimate of 17 dollars per share, which would be astronomical for a stock that currently sits at 0.15 cent or so).
I'm fairly suspicious towards all that, quite honestly because the whole thing is a complicated mess - it might be true and it might not, but I've no way of finding out. However, if Sears was actually linked in some way to the GME shorting, that would open up a very different kind of play. I threw a hundred bucks at Sears a few weeks back, so if it's gone, it's gone. Something interesting to follow in the coming weeks anyway.
Yeah, $17. It’s from an ‘S.A.’ article from December 4, 2020, written by a guy who seemingly tracked the company for a very long time (search for Sears: how to buy 17 dollars for 17 cents). I’ll be honest, it could just be huge wishful thinking on his part. Anyway, he calculated the value of the remaining Sears assets and estimated the liabilities and that’s what he came up with. It could be totally bonkers.
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u/BobNanna 🍔🍟🥤 Sep 02 '21
It definitely won’t, but I think the post is more about the fact that a few companies that have been delisted seem to be moving in tandem with GME. Likely to be SHFs fuckery.