bmichaud Posted December 9, 2013 Share Posted December 9, 2013 Luke, How do they know there are $35B in assets? Does the 10k disclose that? Link to comment Share on other sites More sharing options...
bmichaud Posted December 9, 2013 Share Posted December 9, 2013 If there are assets outside of SHLD that means SHLD does not own 100% of sears re. At what point did they sell an interest in this sub? Link to comment Share on other sites More sharing options...
Luke 532 Posted December 9, 2013 Share Posted December 9, 2013 Luke, How do they know there are $35B in assets? Does the 10k disclose that? Read the few posts before yours and you'll see where the guy might have got the numbers. Link to comment Share on other sites More sharing options...
bmichaud Posted December 9, 2013 Share Posted December 9, 2013 Those posts tell me nothing. If there is truly a hidden $35B balance sheet, then that is a massive game changer. But nobody can say where that number comes from. It appears to be complete crap... Plus how is it possible Eddie is sooooo brilliant that he can hide a $35B reinsurer from the capital markets??? Impossible!!!! Link to comment Share on other sites More sharing options...
Luke 532 Posted December 9, 2013 Share Posted December 9, 2013 bmichaud, you asked the following... Luke, How do they know there are $35B in assets? Does the 10k disclose that? A few posts above your question on this thread was info on where the author might have been looking for his numbers... I think he got it from page 108. http://www.sec.gov/Archives/edgar/data/1310067/000131006713000013/shld201210k.htm Link to comment Share on other sites More sharing options...
txlaw Posted December 9, 2013 Share Posted December 9, 2013 bmichaud, you asked the following... Luke, How do they know there are $35B in assets? Does the 10k disclose that? A few posts above your question on this thread was info on where the author might have been looking for his numbers... I think he got it from page 108. http://www.sec.gov/Archives/edgar/data/1310067/000131006713000013/shld201210k.htm I haven't read this guy's report, but if he's referring to the 10-K non-guarantor subsidiary breakdown, then he is including more than just Sears Re, and he's including intercompany receivables. So that basically makes me think I shouldn't be wasting my time on this report. Link to comment Share on other sites More sharing options...
Luke 532 Posted December 9, 2013 Share Posted December 9, 2013 bmichaud, you asked the following... Luke, How do they know there are $35B in assets? Does the 10k disclose that? A few posts above your question on this thread was info on where the author might have been looking for his numbers... I think he got it from page 108. http://www.sec.gov/Archives/edgar/data/1310067/000131006713000013/shld201210k.htm I haven't read this guy's report, but if he's referring to the 10-K non-guarantor subsidiary breakdown, then he is including more than just Sears Re, and he's including intercompany receivables. So that basically makes me think I shouldn't be wasting my time on this report. kraven explained it pretty well that the report has no merit. Link to comment Share on other sites More sharing options...
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