Question

Did anyone who owned Sears shares opt for SHOS shares?

At $15 a share during the rights offering, you would have effectively dobled your investment as the stock is currently $30

Answers

3 answers

  1. You are ignoring the lost opportunity cost of selling the rights versus exercising and purchasing at $15 per share. The rights were trading for $2-$3 apiece and it took four of them or so to acquire a share of SHOS.

  2. Nobody? Even after I was hyping it in the old community? haha, told you it would happen. Was your chance to double up. SHOS will also be able to pay dividends unlike SHLD which may may have been another factor in the separation. SHOS is profitable.

  3. Also, Lampert himself is not on the board. He actually delegated the role.