Too funny! NOLs don't cover the debt! LOL Of course, the NOLs! they are the debt. They can be useful only if SEARS becomes profitable again, which I believe that is the whole idea of Eddie Lampert. Trim the fats, and re-organized the company in the age of Amazon. Train and motivate the employees and they are back in business. SEARS will surprise a lot of people sooner than we think. GLTA