We have countless customers calling and asking while shopping "when are you closing?" That is exatcly what Sycamore wants, they are doing this on purpose because they want to exit the investment once they make their profit.
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I agree with both of you. That's what companies like Sycamore do. They never had any intention of trying to
turn belk around. They buy the company, put a huge debt on them. They give the investors a big dividend. All the while cutting more and more from the associates and the stores. When they gotten all that they can they dump it.
I personally think this is very sophisticated fraud. And I don’t think they were interested in long term business from the beginning. Just an opinion.