The repo man be coming for that yacht!
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Don't forget for every ESL holding he has an almost equal personal amount. The amount just has RBS partners, I'm fairly certain its split and there are separate ESL numbers.
He's buying tons of Seritage stock. Seritage may go bankrupt. Is he going to try the bankruptcy court seizure again an if so won't they be able to put a stop to it? That would be the third time.
Interesting... his last SEC filing on March 30th has ESL valued at $875M.
I wonder what happened?
Think someone needs to go on a night time mission to sink Mr. Eddies' yacht.
His yacht and probably each home is owned by different LLCs so there's no chance of that. Look at just SOME of the LLCs that own portions of Sears/Kmart:
JPP, LLC
ESL PARTNERS, L.P.
ESL Investments, Inc.
RBS Partners, L.P
JPP II, LLC
SPE I PARTNERS, LP
SPE MASTER I, LP
Transform Holdco LLC
Transform KM LLC
Transform KM Operations LLC
Transform SR Operations LLC
Transform SR Home Improvement Products LLC
Transform SR LLC
Transform SR Procurement Services LLC
Transform SR Protection LLC
Transform SR Development LLC
Plus many more all out of the same address.
You think his personal stuff isn't just as well partitioned and protected????
You think the wife and kids aren't LLC'd just as well?
Do not expect to see any yacht disappear or homes sold just because of a Sears/Kmart failure.
His AutoNation shares alone are worth more than that. Hell transformco is worth more than that if all he had left were guam and online.
Eddie's hedge fund worth only $92M now!