It seems the theories that some on this board have had may be correct. This is an interesting article about how Eddie Lampert is set to leave with major assets.
https://seekingalpha.com/article/4078706-never-ending-sears-story
2 replies (most recent on top)
When I came to this website and read about that every time a loan comes it comes protected with properties to back up Eddie it was obviously this guy was here for his interest only. If probably the only guy with stocks the only protected guy is Eddie if Sears goes under he loses nothing. Contrary he would win.
As for SYW I believe the program started good, but within time prices inflated not making it worth the points you have to spend a lot of money to even get points. I would love to see some work into, but I think SYW program is one of the worse out their.
I would love to see someone do a deep analysis of SYW (Shop Your Way) if that's even possible considering internally no one can give you a straight answer because there is little shared information around it with many unknowns and some close guarded. I don't doubt that Eddie is planning to make money off the properties, that was predicted years ago given that's what he specializes in, but I also think for long term he is planning (or is already) to bank off SYW considering there are some very shady practices around it starting with the fact that businesses are charged a good amount more than what the points are worth when a customer spends them. I will not disclose how much that is as I don't want to disrupt external partnerships, but to reiterate that, a customer spends $10 in SYW on an item - the BU is charged that $10 PLUS some more on top of that. Where is that extra money going?