Thread regarding Hy-Vee layoffs

Hy-Vee is selling/leasing stores

It was reported 2 days ago in the Business Record that Hurd Real Estate Services bought 8 Hy-Vee Stores and will lease the property back to Hy-Vee.

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Post ID: @OP+1hKSHvQS

5 replies (most recent on top)

Well the benefit from this is more cash on hand. The down fall from this is once they have done sold all of them they won’t have the safety net to get cash. Well all know Randy is terrible with using money on his d-mb ideas. He is using this to bank roll his ideas because HyVee is short on cash and banks won’t give them money anymore. What happened after they run out of money and don’t own any properties. BANKRUPTCY will be the only thing they can do. Of course randy will be gone by the time they do. I feel sorry for the next CEO of HyVee. They will have inherited a dumpster fire of finance because of randy. Yes a lot of companies do this but more than half of them file for bankruptcy in less than ten years.

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Post ID: @8lor+1hKSHvQS

Hy-Vee has done this for years. It's a very common retail practice. They don't really benefit from having $$ tied up in real estate.

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Post ID: @8xhf+1hKSHvQS

They may be raising $$$ to pay Blake, Gwen, Tim, and FGL.

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Post ID: @4pum+1hKSHvQS

Generally a sale with a lease back is done by companies to raise cash. It can be for cash needed to expand, but in the case of Hyvee who has put recent expansions on hold, one has to wonder what the cash is for.

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Post ID: @1mgg+1hKSHvQS

Selling the building and land of Hy-Vee stores is, and has been, a very common practice. This frees up a considerable amount of capital to continue to expand and build more stores.

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Post ID: @eqk+1hKSHvQS

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