Helping Sears is getting more costly than ESL expected even a few weeks ago. I'm watching interest rates continuing to rise. Plus across the board, hedge fund investors are asking for their money back. It's been pretty well figured out that hedge funds are stinking deals for investors... just as Buffett has said for years. Yes, SRG isn't BRK, ESL or Sears.
"Time is of the essence. Sears is burning through cash so
rapidly that if it doesn't secure more money, it could run out
of cash to support its business in as soon as two weeks, it
recently warned in papers filed with the bankruptcy court.
Sears could solve that problem by closing more stores beyond
the 142 it has already identified."
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