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fartknocker
Oct 28, 2012


Damn it, this always happens. I think I'm gonna score, and then I never score. It's not fair.



Wedge Regret
Surge is what you drank while watching XFL highlights and downloading what you hoped wasn’t German midget porn on Kazaa.

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Volcott
Mar 30, 2010

People paying American dollars to let other people know they didn't agree with someone's position on something is the lifeblood of these forums.
"Got me again, church of fudge."

big dyke energy
Jul 29, 2006

Football? Yaaaay
I just drank Jolt Cola :shrug:

Endymion FRS MK1
Oct 29, 2011

I don't know what this thing is, and I don't care. I'm just tired of seeing your stupid newbie av from 2011.

big dyke energy posted:

I just drank Jolt Cola :shrug:

I found some at a dollar store this summer and was unbelievably happy

bunnyofdoom
Mar 29, 2008

Jaxxon: Still not the stupidest thing from the expanded universe.



fartknocker posted:

Surge is what you drank while watching XFL highlights and downloading what you hoped wasn’t German midget porn on Kazaa.

My god, why wouldn't you want german midget porn?

Davros1
Jul 19, 2007

You've got to admit, you are kind of implausible



bunnyofdoom posted:

My god, why wouldn't you want german midget porn?

Doesn't want to read subtitles?

Pope Corky the IX
Dec 18, 2006


🎵 I'm blue
Yeah I'm a blue Shrek, guy
Step a foot in my swamp
And you're gonna die 🎵
Where do German midget porn enthusiasts stand on the whole dubs versus subs debate?

Basticle
Sep 12, 2011


Davros1 posted:

Doesn't want to read subtitles?

but your eyes are already at the bottom of the screen

Ichabod Tane
Oct 30, 2005

A most notable
coward, an infinite and endless liar, an hourly promise breaker, the owner of no one good quality.


https://youtu.be/_Ojd0BdtMBY?t=4
Circa 2002 I drank bawls energy drink so much at a LAN party I barfed when I got home.

Cage
Jul 17, 2003
www.revivethedrive.org

Glenn Quebec posted:

Circa 2002 I drank bawls energy drink so much at a LAN party I barfed when I got home.
What a waste of money. Back when I used to frequent a PC gaming rental facility back in the day they used to charge $3 each for those!

Yawgmoth
Sep 10, 2003

This post is cursed!

fartknocker posted:

Surge is what you drank while watching XFL highlights and downloading what you hoped wasn’t German midget porn on Kazaa.
Ron Howard voice: it was always german midget porn.

SulfurMonoxideCute
Feb 9, 2008

I was under direct orders not to die
🐵❌💀

Except that one time it was The Ballad of Bilbo Baggins by Leonard Nimoy.

GPTribefan
Jul 2, 2007
Something witty yet inspirational about the Cleveland Indians

Picnic Princess posted:

Except that one time it was The Ballad of Bilbo Baggins by Leonard Nimoy.

I think you mean Dildo Gaggins

Yawgmoth
Sep 10, 2003

This post is cursed!
Looks like Sears is having its final death throes, as they have until 4pm today to find a buyer. Good* luck to Eddie in finding 4.6 billion dollars to buy it through his hedge fund!



*nothing but bad. all the bad, in as many forms as is possible.

Volcott
Mar 30, 2010

People paying American dollars to let other people know they didn't agree with someone's position on something is the lifeblood of these forums.
I'll call today.

Pakled
Aug 6, 2011

WE ARE SMART
God, what's this thread going to talk about if Sears finally dies?

HisMajestyBOB
Oct 21, 2010


College Slice
I'll give them :10bux:

EAT FASTER!!!!!!
Sep 21, 2002

Legendary.


:hampants::hampants::hampants:

Pakled posted:

God, what's this thread going to talk about if Sears finally dies?

Teslaw

Krispy Wafer
Jul 26, 2002

I shouted out "Free the exposed 67"
But they stood on my hair and told me I was fat

Grimey Drawer

Volcott posted:

I'll call today.

Not empty quoting.

vyst
Aug 25, 2009



Volcott posted:

I'll call today.

:emptyquote:

Goober Peas
Jun 30, 2007

Check out my 'Vette, bro


I personally would like to see Crazy Eddie go under with Sears.

Queen Combat
Dec 29, 2017

Lipstick Apathy
But his prices are too crazy for failure!

Giant Metal Robot
Jun 14, 2005


Taco Defender

Volcott posted:

I'll call today.

You'll call now.

Last Chance
Dec 31, 2004

Volcott posted:

I'll call today.


Giant Metal Robot posted:

You'll call now.

lol

EAT FASTER!!!!!!
Sep 21, 2002

Legendary.


:hampants::hampants::hampants:

Volcott posted:

I'll call today.

Giant Metal Robot posted:

You'll call now.

This is a deeeeeep cut.

Grand Prize Winner
Feb 19, 2007


Cool!

Krispy Wafer
Jul 26, 2002

I shouted out "Free the exposed 67"
But they stood on my hair and told me I was fat

Grimey Drawer
Sears had until 4pm EST for all the bids to be submitted. I guess it'll be a few days before they announce what, if any, angel investor came through. Lambert offered 4.6 billion, but as of earlier today he hadn't actually submitted an official bid.

Looking up news stories I did see that Sears sold it's home improvement division to service.com for 60 million. So you can still call to order that air conditioner tomorrow.

Last Chance
Dec 31, 2004

Krispy Wafer posted:

So you can still call to order that air conditioner tomorrow.

You'll call now.

Volmarias
Dec 31, 2002

EMAIL... THE INTERNET... SEARCH ENGINES...

Giant Metal Robot posted:

You'll call now.

:perfect:

Queen Combat
Dec 29, 2017

Lipstick Apathy

Last Chance posted:

You'll call now.

uli2000
Feb 23, 2015
Looks like HMV, a UK chain that sells music and movies is bankrupt, again. https://www.bbc.com/news/business-46699290

GWBBQ
Jan 2, 2005


fartknocker posted:

Surge is what you drank while watching XFL highlights and downloading what you hoped wasn’t German midget porn on Kazaa.
You're lucky if the worst you got was German midget porn. Being 15 and trying to figure out how to anonymously report child porn to the FBI was unpleasant, to say the least.

Lime Tonics
Nov 7, 2015

by FactsAreUseless
The only stores open in my mall now will be bed bath and beyond, a GNC, and a chinese place in the food court. Theres also a church and a thrift store for some reason.

90s Solo Cup
Feb 22, 2011

To understand the cup
He must become the cup



Looks like Eddie's thrown more money on the bonfire: https://www.cnbc.com/2018/12/28/sears-chairman-eddie-lampert-submits-bit-for-company.html

quote:

Department store chain Sears won a reprieve from liquidating Friday after its chairman, Eddie Lampert, submitted a $4.4 billion bid in an effort to buy the retailer and keep it alive.

Lampert's hedge fund, ESL Investments, put forward the tentative proposal for the parent of Kmart and Sears earlier this month, with his formal submission due today. The offer came just in time to meet the 4:00 p.m. deadline, CNBC first reported.

Pakled
Aug 6, 2011

WE ARE SMART
What value does Eddie Lampert even get out of continuing to run the dumpster fire that is Sears?

Lime Tonics
Nov 7, 2015

by FactsAreUseless

Pakled posted:

What value does Eddie Lampert even get out of continuing to run the dumpster fire that is Sears?

Tax credit

Foxfire_
Nov 8, 2010

Pakled posted:

What value does Eddie Lampert even get out of continuing to run the dumpster fire that is Sears?

Doesn't have to admit he failed (yet)

UCS Hellmaker
Mar 29, 2008
Toilet Rascal
Better question how is he still able to keep his hedge fund above water using it to constantly keep Sears up enough to limp another year. Hell Sears right now likely will not be able to get any merchandise after this without upfront payments with no credit.

Krispy Wafer
Jul 26, 2002

I shouted out "Free the exposed 67"
But they stood on my hair and told me I was fat

Grimey Drawer
Cut enough and eventually you'll start making money again.

Some article said Sears was losing a million dollars a month, which honestly doesn't sound that bad. That's a surmountable problem. The issue is all their debt, so bankruptcy might get them close to the break even mark.

I have no illusions about Sear's eventual fate, but who knows.

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Raldikuk
Apr 7, 2006

I'm bad with money and I want that meatball!

UCS Hellmaker posted:

Better question how is he still able to keep his hedge fund above water using it to constantly keep Sears up enough to limp another year. Hell Sears right now likely will not be able to get any merchandise after this without upfront payments with no credit.

The hedge fund owns a ton of the sears properties and collects rent on those and they're all collateral. It collects interest from all of loans it has issued over. It has profited from property that it received from sears that they now lease or have sold. Those can be securitized and profited from that way. Sears still owns a ton of real estate which can be potentially valuable which can be fully stripped with the current plan. Much of the remaining land is pretty worthless though since the only thing of value was the sears.

There's also the bruised ego aspect that others have touched on. Lampert merged Kmart and Sears and kmart's numbers had looked pretty good (narrator: they weren't) and he was described as a turn around genius and wall st expected the merged kmart and sears to be a juggernaut. Lampert had grand visions of his ayn randian management style (such as having every department compete against each other for resources so they ended up working against each other rather than complementing and building value) and he probably can't accept he would be wrong about all of that.

So I think it is a combination of both, he planned to loot it but expected that it would be a lot more successful so the loot would be much bigger. Now there's some sunk cost fallacy in play due to his hubris (he was a goldman sachs whiz kid too) and he can't stop trying to flip the script back. We don't know how much has been made back and whether he's completely lost money on it or just has made a poo poo return.

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