Sears Canada Inc SRSCQ

Consumer Cyclical Department Stores

Sears Canada Inc. (Sears) is a Canada-based multi-channel retailer company. The Company operates through merchandising segment. Its merchandising operations include the sale of goods and services through its retail channels, which includes its full-line, Sears Home, Hometown, Outlet, Corbeil Electrique Inc. (Corbeil) stores and its direct (catalogue/Internet) channel. Its services include home improvements, such as carpet and duct cleaning, installation and assembly of products purchased at Sears stores, custom window coverings, windows and doors, and heating and cooling; product repair services, such as servicing of items covered under Sears Protection Plan, cash calls, as well as in-warranty service for select Kenmore, Craftsman and national brand products, and protection agreements, such as single or multi-year coverage on appliances, electronics, vacuums, lawn and garden, fitness, and heating, ventilating and air conditioning, and accident protection for furniture and mattresses.

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Sears Canada Inc > The down spiral begins

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Comment by JonathanJSmithon Jul 05, 2017 9:24am

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RE:RE:RE:RE:RE:The down spiral begins

I owned Air Canada at that time. Our stock went to ZERO. The company issued new shares and completely wiped out existing holders. Sears will be the same. A company does not file for bankruptcy if it can repay its debt. Create new shares, get new investment money and start from a better position - that's Sears' current agenda. Lather, rinse, repeat; it's all too familiar.

However, the TSX should allow shareholders to exit their positions before the stock is delisted. Sure, one can hold and hope - good luck with that. Some speculated that Amazon might buy them - perhaps...after the bankruptcy is completed. Why would Amazon pay off Sears' debt when they can grab them after they emerge from bankruptcy virtually debt free?

Risky business this stock market is...eh?

JJ

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle