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Quote:
Originally Posted by Woochifer
I know that once things get moving along, you can't really stop it and that might be the case here. CC probably had these plans and contracts in motion, even before they went through their first round of store closures. It's just strange that they would continue to stock and fit the building interior while other CC locations in the market were getting liquidated.
Not so strange really when you consider who's pulling the strings. As an extension of Pix's "one more paycheck" thought I would imagine most of the corporate officers had option collars.
With interest rates so low, the stock market is the only place to invest for reasonable returns, and one way to get insurance on your stock investments is to use a collar. With collars, your maximum loss on a stock is limited. For example, you could buy CCC (Not a real stock) for $68 a share and be guaranteed to receive at least $60 for that stock any time during the next five months (downside protection). This transaction is paired with a covered call so you could make around $2.60 a share in cash today (that's 3.97% simple interest or 9.52% annualized) and you will make even more if the stock price goes up.
It's only really illegal for the officers of the company if the company's portfolio consists of it's own suppliers and they funnel paper losses away from the primary's balance sheet. In today's world of byzantine shell corps who would really know?
I doubt the guys beind the desks had any problem paying some workers to put up fixtures and alphabetize the hip-hop discs for a few months, as it would help to maintain the illusion of normalcy with bankruptcy on the horizon. Everyday is a few more cents and when you're talking about millions of shares that equals a liferaft as the Titanic sinks.
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And so it ends. Goodbye CC, I knew ye well.
(Well, not really, but...)
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RIP, CC
"Well, at least he isn't suffering any more".
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Quote:
Originally Posted by Mr Peabody
RIP, CC
"Well, at least he isn't suffering any more".
RIP
(Rest In Pieces)
I drive through the lot, taking a short cut, not really thinking about it.
I look over at a blazing light, the local CC, or whats left of it.
Less than a year old.
All that is left locally is a local hi-fi shop.
And Sears has taken on a few more receivers.
But thats it, basically.
So I turn left, the light disapears as I round the corner, drive through the back,
and pull in at the Hardees for my after shift burger.
Feel like something has faded, disapeared, not just a store, but an ERA.
Sad, really.:1:
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Pix, you old fart don't you know that fat will clog your arteries?! Do you want it to explode if you ever had to chase some one again?
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