Does anyone have any clues of whether the Pension Plan may be funded back above 80% this year or not? Just wondering because of that Sears 140 Fenced Properties deal with the pension agency last year.
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@oxw link is https://www.vanityfair.com/news/2018/03/the-strange-odyssey-of-hedge-fund-king-eddie-lampert-sears-kmart
Up 7%...WOW !!! That's like 10 cents. Not much for a stock that was 168.00 8 or 9 years ago. Wise up.
Is any of the pension still in SHLD stock, I hope so, it’s up another 7% today!!
is the 71% before or after the supposed payment by Sears to the pension fund? I can't remember how much they were supposed to pay into the fund,
You all need to review how pensions are "funded." It's not just a factor of how much is paid in, but how the investments perform, assumptions on duration and interest rates. Sears could close the funding gap essentially by assuming a higher interest rate, and since they are rising anyway, this is increasingly likely.
71% funded. I retired and received the info last week.
1.6 Billion is 5 times the market cap of SHLD. This company is done.
According to a rare & recent interview with Eddie Lampert in Vanity Fair magazine, the pension is underfunded by $1.6 billion. I don't know what % that is but it's missing some money.
The article is 'Inside the Strange Odyssey of Hedge Fund King Eddie Lampert." April 2018.
I wouldn't plan on it be funded at all. Or if they do, it will probably have to do with more store closures.