I'm completely in, there is a fortune to be made here, but this assessment misunderstands an aspect. The bid is something completely different than the liabilities and the assets. The bid buys BOTH the liabilities and the assets. IOW it is not $7.55 billion added to $5.64 billion minus the $11.28 billion. It is still $11.28 minus $7.55 leaving Sears with debt, but as a going concern. IOW it restructures the debt, which is exactly the intention of a chapter 11 bankruptcy. Chapter 11 probably shouldn't even be called bankruptcy because it makes people lose their mind in ignorance. Chapter 11 reorganizes the debt, and with the $5.64 billion bid Lampert will retain control of the ongoing entity. If they can't change the way they do business to become successful they will still ultimately fail, but the reoganization gives them time to do that. Sears will still be in debt after this all settles. So...short term, a fortune to be made...long term, anybody's guess.
