Sears Holdings Corp. (fka SHLDQ)

[justthefactsmam]

that's one reason why i think some type of reit structure might be done.

if he can not find a retail solution for the 425 stores, there would be a distinct risk of slipping back into some type of bk again.

if that were to happen, why leave valuable assets unprotected?

part of esl's bid was the 2.2 million sq ft of corporate office buildings in hoffman estates together with over 200 acres of land. why leave that in newco subject to future risks?

same thing applies to the warehouses.

while subject to much criticism and possible future litigation, lampert created the seritage reit so he knows how to do that.

there's been a lot of discussion about the amazon/sears auto center relationship. spin off the tire stores.

there's a lot of possibility and if esl gets approved to go forward, there will probably be a lot of movement in a very short time, relatively speaking.