Professor Elam

Weekend Nov 8, 2014

Eddie Lampert has certainly been more famous for financial shenanigans to keep SHLD afloat

than for innovative retailing. 

Now he ponders selling stores to an REIT, then leasing them back. The stock jumped $10 on this idea which would infuse cash, for about one year's needs they was SHLD is burning cash. 

I recently bought an exercise bike at Sears. The store was woefully under staffed to handle the Saturday traffic. But the store looked pretty good. But again, even a few shoppers over whelmed the staff on hand. 

The clerk tried to sell me a three year warranty. I declined as I doubt Sear will be here in three years.