KCRag Forum

It's lease was up.

I'll be surprised if Sears Holdings survives 2017.

SWFan wrote:I'll be surprised if Sears Holdings survives 2017.

I kind of want to buy the stock. Even though the store is going to die, they still have some juicy real estate that they own and might attract a buyer

brewcrew1000 wrote:

SWFan wrote:I'll be surprised if Sears Holdings survives 2017.

I kind of want to buy the stock. Even though the store is going to die, they still have some juicy real estate that they own and might attract a buyer

You would be a fool to. They've been selling their land ownership off for years to a separate company and getting short term operating money in return. It's called Seritage
The Sears CEO is a major player in it https://seekingalpha.com/article/404176 ... s-holdings

The board paid out a settlement over the claim the CEO was enriching himself at the expense of Sears shareholders, which appears to be true
https://www.bloomberg.com/news/articles ... -reit-deal