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Old December 16, 2017, 18:39   #7
Exit308
Saxon/Celt
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FALaholic #: 62143
Join Date: Dec 2010
Location: WA
Posts: 5,787
Quote:
Originally Posted by SWOHFAL View Post
Probably. The hedge fund guy who runs them and K-Mart is apparently a retailing moron and must have another angle on the whole thing and is prepared to reap something from their filing for bankruptcy and liquidation.
I think you're talking about Eddie Lampert. I still remember Jim Cramer expounding about what a genius Lampert was back in '04 or '05 when he was taking over those companies.
I think most of the value in those companies was in the Real Estate which he has probably 'harvested' by now.
He can now go banko and stiff everybody else.
Modern financial engineering at its best.
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