He's been devaluing Seritage by issuing himself and ESL millions of shares in a final bid to wring some value out of it as it craters. Those weak tenants will be folding and won't be coming back because of COVID-19, Americans won't be coming back to shopping in malls in large numbers in those malls and big box stores ever in the same numbers as they've accelerated their shifted their habits to delivery which was happening all along. The whole point of a REIT is income, and it's never made money through the biggest economic boom, and are toast in this incoming Depression. It's hilarious that Eddie is talking about how Americans need to return to the streets when he's been quarantining himself in bunkers for decades.
12 replies (most recent on top)
Someone stuck their bear paw in the beehive again.
No the yawn guy is absolutely right. People are here for juicy closing news, not nonsense about Eddie's routines or what he had for lunch. When you have a juicy blast, post it with links. Until then, shut up until you do. NO need to clog this site with drivel.
And those three replies are all from the same guy using different names just to make it appear that others agree with him.
The "Yawn guy" is still a self centered egotistical fool that expects a website to bend over backwards to cater to him.
If you want to read something juicy, go to the supermarket and pick up a copy of the National Enquirer.
Layoffs, regardless of store closings. News about layoffs.
@2gyc+14sUzSNe I Know, right? When someone has a link to a new (not previously announced), juicy blast, then post it. But meaningless posts whenever Eddie brushes his teeth, or gets a haircut, are, well, meaningless. Nobody cares. If one has a b00m-b00m blast to announce, then by all means, let's see the link. However, nobody but nobody cares if Eddie just went to the bathroom, went to the movies, or if he just had dinner or whatever. What matters is if the count changes, and since virtually no new stores will be opened, then the count only changes through juicy b00m b00m blasts (AKA closings). So let's have some.
@2hes+14sUzSNe You sound mad. You mad bro.? DId someone make you mad? Your personal attack will probably be removed, and yes, it is boring.......yawn.....to read about nonsense. I'm a "nuts and bolts" kinda guy. Store A is closing on X Date. Store B is closing on Y Date. Store C is closing on Z Date, Etc., and here are links to back it up. As a statistician, and mapmaker, the concern is counts and symmetry. What Eddie does with his yachts, girlfriends, or anything else, is just filler. Let's Talk turkey. Which store is getting blasted and when? That is all that matters. Bam.
If you don't like the content of this site and are bored ("YAWN") with the content...
Too darn bad! The world does not revolve around selfish pigheaded people like you!
If you don't like it, don't let the door hit you on your way out!
Yawn. When will more juicy store closings be announced. Let's sort of cut through, and get to the point of this website.
@1thn+14sUzSNe He's not going to get any sort of bailout, you crazy?
Just posting to see if I've been put back into the Sears layoff jail for being bad. Ok I guess I'm back m—er c–t b–ch c—s— f— c–t lol f— you b–ch m—er m—er m—er c–t c–t c–t c–t b–ch a– m—er c–t a–hole both a– m—er man that feels better. I'm trying to help you m—er
The real reason is so when share prices bump he gets a big windfall, if he actually needed cash he'd sell the shares. He paid the Sears debt with the innovel proceeds, will likely get a bailout for keeping Kmart open and would have little trouble obtaining more loans.
I dont know about the reit