GREY:SRSCQ - Post by User
Comment by
extremeriskon Feb 20, 2016 9:35am
85 Views
Post# 24577647
RE:new low
RE:new lowYes I see. Saks and Nordstrom compete with Sears??? I do see risk of go private at cheap price. Rule is the majority of minority need to approve. Last time in 2006 ackman blocked the go private deal of $17. This time berkowitz is the biggest minority holder at about 9.50 a share but problem is he is buddies with Lampert. He may agree to $4.50 and do private side deal with Lampert. Recent example is sirius satellite radio that just did a cheap go private deal. No way a $3 billion revnue company with still more real estate and trucking company to sell and cash with no debt is worth $400 million. I bought little under $4 this week. Will be back next week. Go private rules need to get independent evaluation and while these firms can be bought the metrics on sears canada are too far away right now. Yes sales likely went down. Dec retail sales bad. But there is value there