It is now clear the billions of dollars spent in recent years to buyback Sears shares was a total failure. The company would be able to survive if the money was invested conservatively. Instead it vanished as the stock collapsed. When it is all said and done this critical mistake will be the epitaph of the Sears Holdings corporation.
i don't know. If you use the company to buy stock to drive up or maintain a price level and short it on your own (behind everyone's back, who knows under what name, who knows which offshore,) when the buy back is over the price falls enabling you to cover your shorts at a much discounted cost thereby earning you EdBillions! Don't know how many times i've mentioned hedge funds "short." Eddie is in this to make Himself (and perhaps a few close supporters) money! Not to worry about SHLD survival and certainly not investors. He needs investors. Where else would the money come from? Just an opinion of course. No yet-known facts to base it on.