Land's End is in similarly abysmally situated. Sears and Kmart are doing so badly they can't even pay rent to cover their costs to line Eddie's pockets or vendors for goods bought. Eddie's been losing billions for years, and as owner, it was his money. When accounting for the debt, the net worth of all things Eddie is massively negative, with nothing but negative cash flows, layoffs, and massive losses in every concern. The Epstein investigation is turning to the people in the little black book, and the madame is squealing as Eddie literally hides from his creditors. Malls are closing again in the COVID-19 resurgence, and properties and rents are falling further. There is nothing positive coming out of any of Eddie's companies, because there is nothing positive to be said. The media relies on this website as its primary source for collating information. There is no money left to bail out Transform, not even borrowed. This has become Sears' de facto official outlet of information, because the media relations itself is silent.
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ESL has tons of money- hate to tell you this but none of the companies took any PPP money and they all could have (basically free money)
Eddies supposed to be this big grifter but he passed on the biggest grift in history - yeah sure.
Lands End is a separate company you r3tard
@vsg+15W85PIH If the information is readily available, then why waste time posting it?
These mo–ns calling for links are PATHETIC. The information is readily available. DO YOUR OWN RESEARCH!
This article explains some of the facts (I am not the OP)
https://www.fool.com/investing/2020/06/13/warren-buffett-is-making-money-on-this-reit-but-yo.aspx
Please provide a link that supports this commentary. I am not an Eddie fan either ... but I would like to see facts. The one article on Seeking Alpha (SHLDQ) is locked, perhaps someone out there who has SA premium can post some of that info. The one article about bankruptcy has dozens of new comments every week, but only available to premium members. Eddie's strategy with 'retail estate' came about 20 years too late.
What's the source of all this information? Lots of strong commentary, but it all sounds like it's off the top of your head. How do we know we can place any value in what you're saying?
Another post from someone who thinks they are a CNBC commentator. Where is anything new in this post? You are just posting nothing posts, post about a store or division closing or being sold or shut up stroking your ego for up votes.