About the troubles of Sears and Eddie Lampert: Last time I called them to fix an appliance the man could not, but tried to sell me an annual service contract anyway. His only accomplishment was to use our toilet efficiently (took half the time he was here)... NYSE
sears is not worth 5 billion
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Eddie Lampert submits revised bid of roughly $5 billion in last-ditch effort to save SearsThis latest attempt comes one day after Lampert's initial $4.4 billion bid to save Sears was rejected by the company. WHY Tossing more money at it won’t help. It’ll only prolong the pain. They’ve had plenty of time to revitalize operations, and failed. The only successes was picking what was Sears apart. Anyone can do that. fail sears sad What is Sears worth ?
Source: CNBC - 🏆 12. / 72 Read more »
Sears Chairman Eddie Lampert to work on a higher bid to keep Sears aliveIt could not be immediately determined whether Chairman Eddie Lampert will be able to pull together an offer for Sears that sufficiently addresses a prior bid's shortcomings. A fool and his money... ICTBiz_BHorwath Rename it... Sears: America's Store Keep you're money sir it's a bad buy! Craftsman sold out to Asia America will not support a business that does that! Just look at GE.
Source: CNBC - 🏆 12. / 72 Read more »
Ex-Sears CEO Eddie Lampert orchestrated 'scheme' to 'steal' Sears, creditors allegeSears boss and investor Eddie Lampert orchestrated a 'multi-faceted scheme' to strip the company of assets, major creditors alleged. That is correct If true I hope he does time for it. Of course Eddie Lampert did. He began when he bought Sears. He has been stripping assets for years. It's been in the news for years.
Source: USATODAY - 🏆 100. / 63 Read more »
Lampert submits revised, $5 billion bid for Sears: reportCrypto is a funny place, so many project but how do you pick the one to invest? Do your homework I pick GetDeepOnion it has great user case $ONION deeponion
Source: MarketWatch - 🏆 3. / 97 Read more »
Exclusive: Sears chairman submits new roughly $5 billion bid to save retailer - sourcesSears Holdings Corp Chairman Eddie Lampert submitted a revised roughly $5 billio... time to just let it go. Sears is made in China garbage that costs more than Walmart's made in china garbage. Sears has bad management. Why? So it (and Kmart) can go bankrupt again next year? I’m all for saving folks’ jobs, but know that, sometimes, even icons have to die.
Source: Reuters - 🏆 2. / 97 Read more »
Sears saved from liquidation: Judge approves bankruptcy sale to ex-CEO Eddie LampertA federal judge on Thursday approved a last-minute deal to save Sears in shrunken form, giving the death-defying retailer a second chance at life. You knew they would he was the only game in town Lampert is an evil genius. He makes me cringe in every way, but his fleecing of Sears has been impressive I'm just glad to see the company in experienced hands.
Source: USATODAY - 🏆 100. / 63 Read more »
Lampert tightens grip in slow strangle of SearsThe hedge-fund manager’s $5.2 bln bid won the bankruptcy auction for the embattled retailer. That may keep the doors open for now. But in his 13-year tenure atop Sears, Lampert has starved it of cash and sold assets. Unless he changes tack, a slow-motion liquidation looks likely. TheRealLSL jennifersaba Sad story without an ending
Source: Breakingviews - 🏆 470. / 51 Read more »
Court gives Sears new life, allows Chairman Eddie Lampert another chance to save retailerSears is giving Chairman Eddie Lampert another chance to buy the company out of bankruptcy and save roughly 55,000 jobs. saveLandsEnd how much money will ESL get out of this ? Hedge funds gain out of these circumstances ... Who even shops there honestly
Source: CNBC - 🏆 12. / 72 Read more »
Elizabeth Warren blasts Sears buyer as a ‘practitioner of predatory capitalism’Elizabeth Warren blasts Sears buyer Eddie Lampert, calling him a 'practitioner of predatory capitalism' Lol predatory capitalism. How bout outright scholarship fraud She needs to stop. This is not her area. Leave it to the judges. Remind me how Warren made her money
Source: MarketWatch - 🏆 3. / 97 Read more »
Sears, Kmart may survive: Eddie Lampert wins Chapter 11 bankruptcy auctionSears Holdings could escape its brush with annihilation after the retailer's chairman and largest investor prevailed in an auction. Have you been inside a Sears lately? The merchandise is flea market quality I'd like to slap that smile off his face. Closures of hundreds of stores including Kmart stores and thousands of jobs gone. Sears starting closing Kmart's stores all over starting in 2015
Source: USATODAY - 🏆 100. / 63 Read more »