Originally Posted by supton
Originally Posted by Quattro Pete
Maybe they're waiting to see if there is some kind of stimulus package coming up that will allow them to grab some free cash before they close the doors.
Could be. Maybe some loyalty to current employees, keep it going for as long as possible.
Or maybe the land the stores is built is valuable, and they're waiting until the right time to flip 'em. Pure speculation on my part--that used to be true in the past, but I suspect the business case for retail space like malls is in bad shape right now.
Who knows.
Sears under Cerebrus (the morons that also brought us the Chrysler Sebring) sold their real estate and agreed to lease it back.
Originally Posted by Quattro Pete
Maybe they're waiting to see if there is some kind of stimulus package coming up that will allow them to grab some free cash before they close the doors.
Could be. Maybe some loyalty to current employees, keep it going for as long as possible.
Or maybe the land the stores is built is valuable, and they're waiting until the right time to flip 'em. Pure speculation on my part--that used to be true in the past, but I suspect the business case for retail space like malls is in bad shape right now.
Who knows.
Sears under Cerebrus (the morons that also brought us the Chrysler Sebring) sold their real estate and agreed to lease it back.