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bad way to do market math. What if they already made $10 Billion from Land's End since 2002? With zero knowledge, I'd bet that they got their $2b and then some
by onetimemanytime 8y ago
bad way to do market math. What if they already made $10 Billion from Land's End since 2002?
With zero knowledge, I'd bet that they got their $2b and then some. Acquisitions are /were probably their only asset, since real estate was mortgaged by their hedge fund owner.
- tyingq 8y agoForbes seems to think they overpaid, then ruined it. The market cap was also ~3x higher a few years ago, so it sounds like post spinoff didn't go well either. https://www.forbes.com/sites/markcohen/2016/09/27/landsend-a-victim-of-sears-serial-retail-abuse/ https://www.forbes.com/sites/markcohen/2016/09/27/landsend-a...