RIP Philo

sears is dead

https://www.nbcnews.com/business/business-news/125-year-old-sears-file-bankruptcy-report-n918446

eddue lampert is not warren buffet
or?
Permalink Reddit Reporter 
October 10th, 2018 9:31pm
People were saying he wasn't incentivized to save the retail stores, but the real estate they sit on.
Permalink Send private email xampl9 (Moto phone) 
October 11th, 2018 8:34am
already spun off the real estate and leased back
see Seritage Growth Properties
Permalink CoT people don't know shit 
October 12th, 2018 5:52pm
>spun off the real estate and leased back

Most large companies sitting on such assets did that years ago, their core competency is the business, not property management.
Permalink Leigh Deluca 
October 13th, 2018 1:58am