Are they trading Transform Holdco LLC yet - is it listed on any stock exchanges and if yes, what's the ticker. I would like to use that ticker chart as entertainment, you know what I mean, watching it crash and burn, etc.
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Transform is unprofitable and That's why Land's End is most likely new public vehicle. It generates +60M ebitda, and merging with it, could give Transform some time.
SHLDQ is just dirty shell with unknown legacy liabilities.
When you read his letter to Liz Warren, it's quite clear he might be done what comes to running public companies. Read their press releases, he seems happy running it privately!
Eddie said he’s betting it will one day be public.
Here’s how this will (most likely) work. Eddie is gonna burn through his cash doing his Transform. He will freshen up and stock stores that are not closing, open some new home and life stores and Sears will look all shiny and new. He will IPO it and raise further working capital. Then it will be the crash and burn phase. This could take another year or two.
Transform co. is a privately held company not public.