how many times are they going to delay this?? Must be a real loser
2 replies (most recent on top)
They may be trying to obtain capital, so that the company has operating cash. If Sears and kmart fail, ESL probably takes a big hit as well, despite the securitization of past loans.
I think they can only delay it until next week then they have to. Or, as I theorize, they are actually going to announce a bankruptcy instead.