He has to keep borrowing money to keep sears alive
Pouring money into a dying chain
Why bother
He is fighting tons of lawsuits
Just let it go already
We all know it is going to die eventually
Only ones they will win in the end is the lawyers with all their fees
Eddie is always working on a new format for 2-3 stores to help the morale of the employees and most importantly the suppliers. The vendors need hope to keep shipping..
Why do you care what he does or doesn't do? Those of you who hoped and still hope for it to fail, move on already!
I do not believe an IPO would be option at this point. Anything to do with Eddie Lampert is tainted...Old Sears, Transform, SHOS.
YFFbpZh-gsz
That’s my point he doesn’t care. He has the right connections and such to wring the blood from a stone. He’s going to keep enough stores open and execute a plan that gets this to an IPO. When he does that then he will make a ton of money. It’s not about workers, meaningless lawsuits or such about the old company. In the end he will own what’s valuable, the rest will be disbanded and he will personally profit.
YFFbpZh-ecn - lawsuits may or may not be successful, but that doesn’t really matter. Reputation, integrity, and accountability Do Matter! Eddie possesses none of these and he is now a pariah in the business and investment community. So you’re right, the lawsuits won’t hurt him, his lack of character is what will destroy him.
The longer it is open the more he can siphon away.
Still less money for stores
He is facing one lawsuit that’ll probably amount to nothing, Stanley over Craftsman advertising.
The one from Sears (old) doesn’t mean much either. They won’t be able to afford lawyers to bring it to trial. Much of his dealing was before the look back period.
His legal team will cost far less than those going against him, he knew what he was doing.
He’s well connected so borrowing money is not his issue. Plus citi has a vested interest in keeping credit cards going, that’s why they’re always pushing signups.
If he can get this to another IPO he will make a fortune for himself.