So someone mentioned that none of the 140 ring Fence properties or on the closing list. Apparently these stores are being refinanced? Why would Sears do this if they are trying to sell the property?
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@isn You're not wrong. The ultimate end result will eventually be a reduced pension backed by the government PBGC.
Pension costs continue each year. Eventually there will be no more assets to sell to keep funding the pension. Am I wrong?
My hope is that some of these stores will survive. They may not need to sell all of them to fund the pension.