Think about it. He himself has zero confidence in Sears and Kmart as a brand and foresees a holiday season that's beyond dismal
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I love it "anti-metrics" :)
Eddie didn't repurchase SHLD stock at $130 a share because he was smart. He talked about EBITDA all day, but the ITDA part is super important for any retail business in the long run. If you don't reinvest, it all literally falls apart. Target didn't have an online presence in 2007 except selling under Amazon and look at them now. Look at T-Mobile's transformation. TJMaxx, Marshall's, Saks Off 5th, and Nordstrom Rack are doing fine. Costco and Target are doing GREAT at their mall based locations. Eddie just invents anti-metrics and destroys value. If you think the value of over 55 billion in sales revenue is in the real estate, you're one stupid m-f-
Never attribute to malice that which can be explained by incompetence
It amazes me that people cannot see that this was an intentional collapse. None of this is due to poor management.
For real how could anyone in their right mind think there would be any turn around this holiday season when nothing has changed for the better and they just chased off a good chunk of their loyal customers and employees after last years fiasco during bankruptcy, why would it all of a sudden turn around and become profitable? Everyone involved had to know this would be the outcome in less than a year
This was Lampert's game plan since day 1.