So the FEDs got Sears to pledge intellectual property and some real estate to help reduce pension underfunding.These assets can no longer be sold. What is left to sell beyond Real Estate and Intellectual property (KCD)? We know they do not know how to sell inventory.
They are part of the consolidated balance sheet of SHLD. They are going to be pledged to pay off the pension shortfall if SHLD fails or cannot pay their pension funding obligations ,or goes BK.
What is the reinvention? Running the stores with more excess capacity each quarter. Let them crumble? Shop your way has grown and peaked and sales are diving. Online is a joke.Advertising diminished. Service is at all time low as compensation lags competition.
If you have noticed the up movement was on 40% average daily volume. Today it moves down on bigger volume when the market soared. We will see. The pension folk are getting their pound of flesh
What does that tell you? Happy suppliers?
Your contention BAMM is not cost effective at this time is misplaced IMO. They are the 3 largest lessor in the world.Tht did not happen by accident.
Macy's is building some new stores too. How long since SHLD built a store?25 years.?
No you are incorrect but carry on. Lets talk about buying VVUS at 6 bucks you liar. Love taking your $$$ here
I have shorted 3X made money both ways but enjoy taking your money here .Any long here is stupid and deserves to lose it.
In addition to the operating losses will be the growing demand for letters of credit which are already rising sharply. Wouldn't be surprised if that number grows to a billion dollars in 6 months.Then it accelerates very fast like Circuit City. What did them in was loss of faith by suppliers while they were selling lots of product.