BREAKING NEWS: Sears will file bankruptcy
| charcoal razzle-dazzle chad | 10/10/18 | | citrine piazza trust fund | 10/10/18 | | Ebony rambunctious plaza | 10/12/18 | | peach hell | 10/13/18 | | citrine piazza trust fund | 10/10/18 | | razzle henna wrinkle garrison | 10/10/18 | | Appetizing Ruddy Sanctuary Keepsake Machete | 10/10/18 | | Ebony rambunctious plaza | 10/10/18 | | Brindle hall main people | 10/12/18 | | drab alcoholic theater | 10/13/18 | | Ebony rambunctious plaza | 10/10/18 | | titillating french gaming laptop dilemma | 10/10/18 | | Appetizing Ruddy Sanctuary Keepsake Machete | 10/10/18 | | titillating french gaming laptop dilemma | 10/10/18 | | Ebony rambunctious plaza | 10/12/18 | | histrionic forum trump supporter | 10/12/18 | | Ebony rambunctious plaza | 10/12/18 | | Ebony rambunctious plaza | 10/12/18 | | Ebony rambunctious plaza | 10/12/18 | | titillating french gaming laptop dilemma | 10/12/18 | | Ebony rambunctious plaza | 10/12/18 | | soul-stirring public bath | 10/10/18 | | soul-stirring public bath | 10/10/18 | | mischievous slippery depressive | 10/10/18 | | Abnormal Aggressive Indian Lodge | 10/10/18 | | Ebony rambunctious plaza | 10/12/18 | | claret irate casino | 10/12/18 | | soul-stirring public bath | 10/15/18 | | Ebony rambunctious plaza | 10/12/18 | | Ebony rambunctious plaza | 10/12/18 | | Ebony rambunctious plaza | 10/12/18 | | titillating french gaming laptop dilemma | 10/12/18 | | Ebony rambunctious plaza | 10/12/18 | | titillating french gaming laptop dilemma | 10/13/18 | | Ebony rambunctious plaza | 10/15/18 | | titillating french gaming laptop dilemma | 10/12/18 | | Ebony rambunctious plaza | 10/12/18 | | salmon travel guidebook | 10/12/18 | | canary spectacular shrine | 10/13/18 | | Narrow-minded stage | 10/15/18 | | Ebony rambunctious plaza | 10/13/18 | | Ebony rambunctious plaza | 10/13/18 | | salmon travel guidebook | 10/16/18 | | floppy idiotic puppy round eye | 10/10/18 | | charcoal razzle-dazzle chad | 10/10/18 | | clear pit | 10/12/18 | | Ebony rambunctious plaza | 10/12/18 | | claret irate casino | 10/12/18 | | Ebony rambunctious plaza | 10/12/18 | | soul-stirring public bath | 10/15/18 | | Ebony rambunctious plaza | 10/15/18 | | charcoal razzle-dazzle chad | 10/12/18 | | orchid awkward blood rage | 10/12/18 | | citrine piazza trust fund | 10/12/18 | | canary spectacular shrine | 10/13/18 | | Ebony rambunctious plaza | 10/13/18 | | Vibrant vermilion indirect expression | 10/13/18 | | Ebony rambunctious plaza | 10/13/18 | | citrine piazza trust fund | 10/15/18 | | chartreuse wonderful rehab yarmulke | 10/16/18 | | Brindle hall main people | 10/13/18 | | aquamarine senate foreskin | 10/13/18 | | titillating french gaming laptop dilemma | 10/13/18 | | aquamarine senate foreskin | 10/15/18 | | Carmine Electric Location Messiness | 10/15/18 | | aquamarine senate foreskin | 10/15/18 | | aquamarine senate foreskin | 10/15/18 | | Brass school cafeteria | 10/15/18 |
Poast new message in this thread
|
Date: October 10th, 2018 9:42 AM Author: soul-stirring public bath
Date: October 10th, 2018 8:42 AM
Author: Bart O\'Kavanaugh(not that crazy)
Reminder that this was the entire plan when Lambert acquired it, he literally sucked up hundreds of millions of goodwill and now will sell the real estate.
(http://www.autoadmit.com/thread.php?thread_id=#)
(http://www.autoadmit.com/thread.php?thread_id=4102664&forum_id=2#36996885) |
|
Date: October 10th, 2018 9:46 AM Author: soul-stirring public bath
BTW pretty sure you edited to add "and now will sell the real estate."
But this is in the running for dumbest poasts of the year.
First, his name is Eddie Lampert, not "Lambert."
Second, please describe how Mr. "Lambert" sucked up millions in goodwill. I'll wait.
(http://www.autoadmit.com/thread.php?thread_id=4102664&forum_id=2#36996897) |
|
Date: October 12th, 2018 6:12 AM Author: Ebony rambunctious plaza
Lmao. I did not add sell the real estate. It was in my original post.
And he sucked up millions in goodwill because Sears had generations worth of loyal shoppers with a strong brand affinity. So by investing zero dollars in the brand, store experience, etc. he drained all the goodwill from our boomer parents who continued to shop at Sears over the past decade. Now it is a husk of what it once was. I went in one three years ago and it was like a portal to a sad 1993.
My bad on the typo.
(http://www.autoadmit.com/thread.php?thread_id=4102664&forum_id=2#37006617) |
|
Date: October 13th, 2018 6:45 PM Author: titillating french gaming laptop dilemma
Of course you’re a lawyer lol. I wasn’t asking in good faith.
You’re wrong because you’re talking about goodwill like it’s some tangible or identifiable intangible asset. Let’s say I buy company X for a 50% premium to its book value. Suddenly the money I paid is the new equity value of the business (this isn’t technically true but assume it is for simplicity). If debt and assets stay the same, how do we make the balance sheet balance? Accounting rules assume I had a reason to pay a premium to book value, so it plugs in “goodwill” as a new asset so that the balance sheet continues to balance. Again it’s just a plug.
So it’s wrong to talk about “supporting” goodwill or even mentioning it in this context. Companies go bankrupt because their liquidity dries up and/or they stop making enough money to support their debt obligations. Not because they didn’t spend enough money to “support” their goodwill (??).
God i hope you’re not the guy making companies redo their filings because you fail to grasp some trivial financial concept
(http://www.autoadmit.com/thread.php?thread_id=4102664&forum_id=2#37016075) |
|
Date: October 13th, 2018 12:36 AM Author: Ebony rambunctious plaza
It was Refunkulus:
Date: August 28th, 2016 11:18 PM
Author: Refunkulus (never count out a MUSCLE NUT)
there are benefits to certain parties when a company's stock is failing - take a look at who keeps giving Sears loans...
The Sears real estate holdings are truly an enormous, bonanza level of wealth to the right investor. We are talking about grade A real estate in every single major American city and town - on the books at almost nothing. The catch is that the company itself (Sears) is a declining and badly run business.
Crack open the Sears REIT and you will see that most of the company's real estate space is being rented out at an average of $4 sqft to Sears - thats about 90% of the REIT's rentable SQFT. The remainder - the stuff that is being redeveloped and re-purposed right now? That real estate is renting at $20 per square foot.
Obviously it costs money to do these redevelopments, but when I did the math I found that the company could be earning about $500M per year (the Sears REIT), with a current market cap of $1.4 BN. That's an adjusted P/E ratio of 3, or a terminal value of around $200 per share plus REIT cash flow.
Here's the kicker: Stock's at $45
The other businesses are a mishmash of ok and pure trash.
But if only there was a way to dislodge that one shit business that held all those long term leases on ultra valuable real estate...
If only there was a way to reorganize it...
(http://www.autoadmit.com/thread.php?thread_id=3335142&forum_id=2#31287552)
(http://www.autoadmit.com/thread.php?thread_id=4102664&forum_id=2#37012473) |
Date: October 10th, 2018 10:50 AM Author: floppy idiotic puppy round eye
Lampert raided the company for all its good assets and left a shitty husk
fucking criminal
(http://www.autoadmit.com/thread.php?thread_id=4102664&forum_id=2#36997221) |
|
Date: October 15th, 2018 9:01 AM Author: soul-stirring public bath
Date: October 12th, 2018 6:37 AM
Author: Bart O'Kavanaugh (not that crazy)
They're at 15 cents on the dollar with triple digit yield, lmao. That's how you get rich. I may buy some.
(http://www.autoadmit.com/thread.php?thread_id=4102664&forum_id=2#37006652)
So you’re saying the way to get rich is to buy unsecured debt securities in companies that are about to file for bankruptcy protection? Got it.
(http://www.autoadmit.com/thread.php?thread_id=4102664&forum_id=2#37025786) |
|
|