Go to hell Lampert! Your whining post earlier today is what makes all average persons sick- as you hedge fund owners and big banks and the like have ruined integrity in US markets long ago; and you use every trick for greed to make your profits no matter who you hurt in the process!
Sears is dead, your big bet to control them as major shareholder is over, you are in denial, as Sears has sold its long standing namesake "Craftsman" just to try to stay alive, when you have like the past 7 years of quarterly losses to date...
It is sad, but nothing last forever, and to hear a Hedge Fund owner cry like some poor baby makes me sick !!!
GET A LIFE LAMPERT !!
>>>>>>>>>>>>>>>>>>>>>>
Sears CEO Eddie Lampert Says Using The Word Bankruptcy Is 'Very Unfair For Us'
3:36 pm ET May 10, 2017 (Benzinga) Print
There are many words to describe Sears Holdings Corp (NASDAQ: SHLD) current state of business: troubled, struggling, cash-strapped, unpopular. But don't use the coveted 'b' word to describe the business as it isn't going bankrupt, at least according to CEO Eddie Lampert.
"It makes it very unfair for us, and it's a very uneven playing field for us," Lampert said during the company's annual general meeting on Tuesday.
The only reason why "bankruptcy" is being used so often is due to a new Securities and Exchange Commission rule, which required the retailer to disclose to the public it has "substantial doubt" about its "ability to continue as a going concern" but no specific mention of bankruptcy.
Lampert said anytime the word bankruptcy is used in a media report the reader "doesn't get past that word."
Given the unfair and uneven playing field, Lampert exclaimed that the entire management team is "fighting like hell" to bring in the necessary changes to better stand up against its bigger, but not necessarily better, retail rivals.
