Author Topic: SHLDQ - Sears Holdings Corp  (Read 2930665 times)

adesigar

  • Sr. Member
  • ****
  • Posts: 438
Re: SHLDQ - Sears Holdings Corp
« Reply #9010 on: October 16, 2017, 10:09:10 AM »
Bruce Berkowitz has left Sear's board.

Wonder if he plans to liquidate.

Mr. Berkowitz’s decision was not the result of any disagreement with the Company on matters related to the Company’s operations, policies or practices.

They specify what the reason was not. They don't specify what it was. Maybe it was personal.


My guess is
1. He didn't like what happened with SRSC and he wants to get out of SHLD.
OR
2. He thinks the plan to return to profitability is going to work and he want to buy more.

Either way I think he is leaving so he can trade without restrictions.




nkp007

  • Hero Member
  • *****
  • Posts: 563
Re: SHLDQ - Sears Holdings Corp
« Reply #9011 on: October 16, 2017, 10:37:07 AM »
Maybe he realizes that Lampert is a total nut and will continue to burn cash.

dyow

  • Full Member
  • ***
  • Posts: 158
Re: SHLDQ - Sears Holdings Corp
« Reply #9012 on: October 16, 2017, 11:34:00 AM »
This thread is nearly a thousand pages. 

This stock needs closure.

One way or another, I think we will have an answer soon enough.


GregS

  • Full Member
  • ***
  • Posts: 182
Re: SHLDQ - Sears Holdings Corp
« Reply #9013 on: October 16, 2017, 01:01:05 PM »
Bruce Berkowitz has left Sear's board.

Wonder if he plans to liquidate.

Mr. Berkowitz’s decision was not the result of any disagreement with the Company on matters related to the Company’s operations, policies or practices.

They specify what the reason was not. They don't specify what it was. Maybe it was personal.


My guess is
1. He didn't like what happened with SRSC and he wants to get out of SHLD.
OR
2. He thinks the plan to return to profitability is going to work and he want to buy more.

Either way I think he is leaving so he can trade without restrictions.

I find it damn near impossible to believe he is leaving because he wants to buy more stock.

Greyhound

  • Newbie
  • *
  • Posts: 31
  • https://twitter.com/GreyhoundValue
Re: SHLDQ - Sears Holdings Corp
« Reply #9014 on: October 16, 2017, 07:35:10 PM »
Bruce Berkowitz has left Sear's board.

Wonder if he plans to liquidate.

Mr. Berkowitz’s decision was not the result of any disagreement with the Company on matters related to the Company’s operations, policies or practices.

They specify what the reason was not. They don't specify what it was. Maybe it was personal.


My guess is
1. He didn't like what happened with SRSC and he wants to get out of SHLD.
OR
2. He thinks the plan to return to profitability is going to work and he want to buy more.

Either way I think he is leaving so he can trade without restrictions.

I find it damn near impossible to believe he is leaving because he wants to buy more stock.


I doubt it too. He'll need to leave the board on Oct 31 and wait for Q3 results to be released before he can buy more stock.

BTShine

  • Hero Member
  • *****
  • Posts: 672
Re: SHLDQ - Sears Holdings Corp
« Reply #9015 on: October 16, 2017, 07:54:02 PM »
Bloomberg piece on this said

“In statement released Monday, Fairholme said Berkowitz joined the Sears board to better communicate his views about the retailer. “Mr. Berkowitz believes that he has achieved that objective,” according to the statement.“

https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2017-10-16/berkowitz-liquidates-hedge-fund-that-owned-sears-holdings-shares

Parsad

  • Administrator
  • Hero Member
  • *****
  • Posts: 8920
Re: SHLDQ - Sears Holdings Corp
« Reply #9016 on: October 16, 2017, 10:08:58 PM »
This thread is nearly a thousand pages. 


How many case studies could do that or provide such detail!  That's why I created these for each idea or stock.  Cheers!
No man is a failure who has friends!

scorpioncapital

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 2037
    • scorpion capital
Re: SHLDQ - Sears Holdings Corp
« Reply #9017 on: October 17, 2017, 12:10:05 AM »
One thousand pages is a case study of one thing for me : what a too hard pile looks like !

DamienC

  • Newbie
  • *
  • Posts: 24
Re: SHLDQ - Sears Holdings Corp
« Reply #9018 on: October 17, 2017, 05:12:47 AM »
Lots has been said about the recent decision from Bruce Berkowitz to leave the Sears board. Looking at the Fairholme latest 13D and comparing it with its last in 2016, it seems that he has now the sole dispositive power of almost 2.6 Mio shares compared to 913k back then. IN a form 4 last week it was said he had a bit more than 700k shares.

https://www.sec.gov/Archives/edgar/data/1056831/000091957417007315/d7683881_13d-a.htm

previous 13d

https://www.sec.gov/Archives/edgar/data/1056831/000091957416013681/d7186510_13d-a.htm

Anyone has any idea of what is happening here? Is my interpretation that he now personaly holds those 2.6 mio shares correct?

Thanks for your input

Greyhound

  • Newbie
  • *
  • Posts: 31
  • https://twitter.com/GreyhoundValue
Re: SHLDQ - Sears Holdings Corp
« Reply #9019 on: October 17, 2017, 06:05:48 AM »
Lots has been said about the recent decision from Bruce Berkowitz to leave the Sears board. Looking at the Fairholme latest 13D and comparing it with its last in 2016, it seems that he has now the sole dispositive power of almost 2.6 Mio shares compared to 913k back then. IN a form 4 last week it was said he had a bit more than 700k shares.

https://www.sec.gov/Archives/edgar/data/1056831/000091957417007315/d7683881_13d-a.htm

previous 13d

https://www.sec.gov/Archives/edgar/data/1056831/000091957416013681/d7186510_13d-a.htm

Anyone has any idea of what is happening here? Is my interpretation that he now personaly holds those 2.6 mio shares correct?

Thanks for your input

Bruce only received 727k of SHLD shares from the wind up of the hedge fund.

Where did the rest come from (difference between 2.6m and 727k)? Could he have acquired them from his investors without filing a form 4?