Denny, exactly. Once Kmart was free of the bk court they bought Sears with newly printed stock that sold for $25.00 a share.
Then after each quarter passed they showed more real estate for value propelling Kmart stock from the low of $25.00 a share to well over $170.00 a share within 18 months and yes, the Hedge Funds made massive amounts of money with this case too.