Sears Canada

Ohh to be a holder of Sears Canada's stock. That stock right now is trading at $18.05 Canadian dollars. Now Sears Holdings (SHLD) the parent of Sears Canada and proud owner as of Friday of 63.2% of its Canadian namesake's shares. Now what SHLD was attempting to do was buy all of Sears Canada at a price of $16.86. Yeah that's right, over a dollar below the current market price. So SHLD was pissed that people weren't dumb enough to sell their shares below the market price just because SHLD wanted them too. It makes sense, but what does SHLD do? SHLD has decided that since 6 of the Sears Canada directors have quit (can you blame them?) that they are going to just put SHLD employees on the board now to pretty much lock up any dissenters. Then they made a threat to cut Sears Canada dividend if people didn't agree to sell the stock. So they are basically cornering the company and forcing them to give up, or if the company chooses to fight, SHLD will just drive them into the ground. And the strange thing is, why would they do this to one of their own? They are going to screw this company over so it can be part of a giant screwed up company that nobody shops at, well I guess that makes sense. Can I just take a poll here for a moment and if anyone has shopped at Kmart or Sears in the last 6 months can you just leave a comment at the bottom and say why or describe the experience. I have no faith in this company, but I welcome anyone to change my mind.