Tim's Bitz Personal World views gone mad

October 2, 2014

Because it’s wreckable

Filed under: Uncategorized — Tim @ 8:14 pm

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.


Discover more from Tim's Bitz

Subscribe to get the latest posts sent to your email.

No Comments »

No comments yet.

RSS feed for comments on this post. TrackBack URL

Leave a comment

Powered by WordPress

Discover more from Tim's Bitz

Subscribe now to keep reading and get access to the full archive.

Continue reading