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Non-Tech : Sears Holdings Corp.
SHLD 31.370.0%Oct 12 5:00 PM EST
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To: Glenn Petersen who wrote (909)12/13/2016 12:25:31 AM
From: Sr K   of 951
 
Megan McArdle is one of the lightweights of the "Bloomberg View" crew.

What she and the others write, and speak on Bloomberg Radio is not a Bloomberg View, it is a BloombergView View.

What I'm replying to states:

This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

To make her case, she uses the GAAP Q3 loss, which includes

Closed store reserve and severance
of $113 m.

I believe Ed Lampert knows what he's doing.

The big picture is the float and the short squeeze.

The 2019 8% Notes issued in 2014 will pay 12/15 and they trade at a premium to their issue price. After Thursday, there will be 3 years to maturity.
63.77% of the float is short (according to finance.Yahoo)
14.66 m shares are short, and
the float is 21.71 m shares
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