Sears Holdings Corp. (fka SHLDQ)

[justthefactsmam]

what was spun into seritage a long time ago is not necessarily what has been announced to be closed since the beginning of 2018. seritage was formed in june 2018. not saying that some of the announced closures since the beginning of 2018 were not part of the seritage portfolio, but they weren't all.

the properties placed into the seritage portfolio were properties shc sold for a couple of billion $ + and then leased back from seritage. to the extent shc defaulted or asked the bk court for approval to reject those leases, shc would still have to deal with closing the stores before turning them over to seritage.