Thursday April 2 201
Sears used to sell clothes and appliances, these days it is selling itself.
CEO Ed Lampert is great at buying back stock and and spinning off divisions, after sucking out all the cash. Now the firm is selling its real estate to an REIT. All this corporate finance shuffling is interesting but does nothing for the retail side of the business.
How long before Sears goes the way of Radio Shack?
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