Thread regarding Sears layoffs

Ever crossed your mind....

That what Sears is doing is illogical? It's costing them billions to drag this on like they are, and no, Eddie is not recouping his losses, he is losing money. Yes, he is doing his best to mitigate them, but make no mistake, he is still losing money.

So...why?

The answer is beyond the understanding of 99.9999% of people, who believe what the id--t box in their front room tells them about the world and what the state of affairs is right now. We are literally on the precipice of disaster on every front from economic, to geopolitical, and everything in between. Anyone who cannot see this is utterly blind and ignorant.

We are in that last second holding stage, the calm right before the storm, and it must be held just a bit longer.....and yes, as a multi-billionaire elitist, Eddie is well aware of this and is part of the herculean effort by his peers to maintain as much calm as possible until they can no longer do so and all He11 breaks loose.

And it will....it will.

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Post ID: @OP+VDPJD4x

9 replies (most recent on top)

So if seritage pays him 40% of 40 million square feet at $16 a square foot, that's $160 million a month. He'll be paid back 2 billion in 12.5 months. But the leases are for decades. Um, theft by swindle cow and milking in public for 20 years. Yikes

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Post ID: @1orr+VDPJD4x

Hey, according to Ayn Rand philosophy, it's supposed to be rational.

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Post ID: @1afp+VDPJD4x

@1max 40 million square feet. https://www.seritage.com/about-us

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Post ID: @1wrk+VDPJD4x

What's the total of seritage square footage? What's his stake in the REIT (reits mandate a percentaur paid to their shareholders so the next question is somewhat easy to answer)? Did he just spend a decade converting 2 billion in losses to a 500 million a quarter (guestimate) income? And what of the numerous little things like appliance deliveries and such he's spun off?

Money is consistent. Money is stratigic. Money is patient.

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Post ID: @1max+VDPJD4x

PAPA TOONEY! WE'VE GOT A LOONY!

Sounds like someone has watched to much Infowars or Q-Anon c-ap.

Get a grip, and get some help.

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Post ID: @ato+VDPJD4x

Eddie has lost 99.5% of the value of the stock he owned in SHLD from the top.He will be lucky to break even after all the legal bills he faces in the future. I recognize he has made money as a lender but he may be losing some of that principal in BK. Eddie was rich. before he invested in Kmart. He has lost a great deal of his wealth IMO.That is how capitalism is supposed to work.

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Post ID: @xhw+VDPJD4x

If you think, for one minute, that Eddie hasn't made a significant fortune out of this deal you are something of a fool.

During his tenure he has bought a $38,000,000.00 estate on a private island, and a $130,000,000.00 yacht.

His worth is estimated at $3.1 BILLION. His major holdings are his ESL hedge funds and SHC. Nothing he does is out of charity or the goodness of his heart. Count on it.

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Post ID: @kgc+VDPJD4x

to those who are left good luck to you all no matter what

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Post ID: @stm+VDPJD4x

ok then... that is some post. I cannot talk to "the end-of-the-world" scenario.....

But I can say - without a doubt in the world - that the scenario we (Sears associates) find ourselves in at this very moment is a direct result of the lack of foresight of ESL. His direct inaction at the store level and his action at the HE level has brought this once fine institution to its knees. He (ESL) had many opportunities over the years (many times/many years) to fix the issues that lay ahead of us...and he didn't. He lined his pockets, furthered his agenda, calved off the companies assets and set-in-motion the end of Sears/Kmart.... Good luck to all 90,000 of us - I hope tomorrow is an easy day for all of us.

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Post ID: @ipd+VDPJD4x

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