That should scare you if you work for a vulnerable company. This guy will get $7 Billion. Yep, $7B in tax loss credits when he scuttles the ship.
Then he will do exactly as planned. He will buy up an undervalued struggling company with that $7 Billion.
Then he will bleed it dry with no remorse. Judge Drain? Are you watching. Probably not.
9 replies (most recent on top)
The Sears stores he will keep are the Hometown Stores....
"Hey guys, correct me if I'm wrong but doesn't Eddie have to maintain some Sears and/or Kmart stores for up to 2 years to fully to fully take advantage of the tax credits?"
He has to maintain some stores. I believe the IRS has to approve this transaction. Not sure if it will work with online stores only.
Yeah right only the judge believed that one.
@10YMYGoP-1tsj Thought his goal was to save jobs.
His goal has always been 250 combined
You can't purchase anything with tax credits. They don't actually have value unless you can offset them with income in the company concerned you know. Capital investment is not income.
EL can outright purchase another company with the tax credits. No need to make a profit. He will use them no strings attached.
You have to make a profit to use tax credits too. When was the last time Eddie did that?
Hey guys, correct me if I'm wrong but doesn't Eddie have to maintain some Sears and/or Kmart stores for up to 2 years to fully to fully take advantage of the tax credits? Thanks for your response.