Making money in obscure places in financial markets

Discussion in 'Wall St. News' started by zdreg, May 23, 2018.

  1. JSOP

    JSOP

    https://www.marketwatch.com/story/y...ut-eddie-lampert-will-be-just-fine-2018-05-30

    Well looks like Sears is going to bankrupt still since ESL (I never knew that's actually the initial of the owner of the fund, Eddie Lampert. Naming a fund after oneself, how original)'s not really able to or never intended to save Sears. All he's doing is really answering to his own investors to try to grab as much as possible from whatever is left from Sears' balance sheet instead of really trying to save Sears. I mean if you really want to save Sears, I agree with the article, you don't outsource its best assets to your competition, you try to capitalize it to create something out of it and all Sears needs is a more updated sales platform to market and sell its stuff. Its inventory is still good and relevant; its merchandise is still attractive; Sears just needs to figure out a way to let people know about it and make people buy it.

    But I guess if ESL won't be able to save Sears and Sears is still doomed to fail, the CD buyers might still be able to profit; they just have to hang in there tight just like the credit swap buyers did back in 2008 while ESL pulls one maneuver after another to try to "save" Sears.
     
    Last edited: May 31, 2018
    #21     May 31, 2018