dragon,
it is a short sentence but i think it may be misinterpreted. _________________________________________________________________
In some ways, the “new” Sears (THE GOING CONCERN WHICH TRANSFORM HOLDCO PURCHASED) has a lot in common with the company (SEARS HOLDINGS CORPORATION AND THE SHLDQ SHAREHOLDERS) that filed for bankruptcy protection in October.
Its (SEARS HOLDINGS CORPORATION AND THE SHLDQ SHAREHOLDERS) largest shareholder is now its owner (resulting form shc's sale of its going concern to transform holdco).
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in other words, what used to be owned by sears holdings corporation and its shldq stockholders is now owned by transform holdco.
eddie went from being the largest shareholder of sears holdings corporation as represented by his majority ownership of shldq stock to being the 100% owner of everything sears holdings corporation sold to transform holdco which now has nothing to do with shldq.
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also note what eddie said about the 425 stores which were purchased. that has previously been characterized as the 425 most profitable stores but his article quotes lampert as saying:
Lampert told The Wall Street Journal last week that he intends to sell or sublease some of Sears’ remaining 425 stores. Some of those stores are not profitable, and in financial forecasts ESL said it expected to bring in about $200 million a year through real estate sales over the next three years, according to court filings.
how is it that if those were the "most profitable stores" that some of those stores are not profitable?
