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Sears Holdings Corporation Message Board

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  • nahid666p nahid666p Feb 6, 2012 5:06 PM Flag

    CIT not budging

    I am not sure that will happend.

    “Sears is past the point of no return,” says Mark Cohen, a professor at Columbia Business School who is also a former chief executive and chairman of Sears Canada. “I don’t know if they will necessarily go out of business in 2012, but they are digging themselves into the ground.”

    While he believes there is some value left in some Sears brands, he isn’t convinced there is a buyer out there or that anyone would pay a premium for these assets at this point. Cohen predicts Lampert will continue to load the company up with debt in 2012 and then take it into Chapter 11. “He will take possession of the debt at a deep discount through a filing and then come out of a restructure at the helm once again.”

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    • You're all wrong.

      CIT doesn't matter.

      Sears doesn't need their garbage guarantee.

      Who is John Thain?

      Sears can guarantee their own purchase orders. They can spin off their intangibles into a guarantor company that acts like a a captive.

      We will see $200 soon. Stop confusing the share price with economic facts and fancy jargon.

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