I was no big fan of Sears, but once the wolves get a hold of a public stock (when it’s in play), they tend to destroy the company and sell off its parts.

The Canadian business, which was perfectly healthy and profitable when I left, has been a victim of Lampert’s intent to essentially liquidate the business,” Mr. Cohen said. “It’s a tragedy.”

via Sears Canada ‘tragedy’ seen as victim of overreach by U.S. hedge fund tycoon Edward Lampert | Financial Post.