Sears Canada Inc SRSCQ

Consumer Cyclical Department Stores

Sears Canada Inc. is a Canada-based independent Canadian digital and store-based retailer and technology company.

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Sears Canada Inc > The down spiral begins

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Comment by extremeriskon Jun 24, 2017 9:55am

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Post# 26401049

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

New shares will be issued. Stock is trading on nasdaq but that is short covering. Last time I checked sears Canada had a million shares short. Not sure of current position. CCAA is intended to wipe out debt for fresh start. Biggest risk is pension holders who will likely need to take hair cut as that is one of the biggest liabilities at close to $300 million. Too bad. Same happened to Mrtel pensioners where they ended up getting 40 percent of their previous pension amount. I would not buy new shares though. This is not air Canada and lampert and stranzl record here is poor. You need experienced retailer who knows what they are doing. Time to move on to other investments.

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