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Yes, so that's my question, why do they expect this money losing retailer to turn around and not only stop losing money but also be able to pay back a $250M in
by Johnny555 7y ago
Yes, so that's my question, why do they expect this money losing retailer to turn around and not only stop losing money but also be able to pay back a $250M investment? Does Sears still own anything of value? Even if they own a lot of their stores, under today's retail climate I don't see that real estate being worth much.
- jjeaff 7y agoThere is probably well over $250m in inventory alone even if assessed at liquidation value. So it's probably a safe investment and the terms of the loan probably have liquidation preference.