CBD?
I don't think Sears is on Cash Before Delivery with anyone yet. Some of the recent stories had Eddie threatening to sue vendors that did not hold to the contract and continue to supply Sears.
Now, while there may be a contract in place, the vendors are allowed to ask for assurances and verify that Sears has the ability to pay them as per any contract, and if not, then halt deliveries.
I think the end for SHLD will only come once vendors stop delivering.
I am amazed that any vendor would ship anything on terms instead of cash. At some point SHLD is going to have to file and there is a good chance that vendor invoices, all of which would be unsecured liabilities, would get zero.
Louis J. Desy Jr.
