Question

A Christmas Present For Shareholders Of Sears Canada!

http://www.zacks.com/stock/news/88518/sears-unit-sells-alberta-mall-stake
A nice gift on Christmas eve for stock holders. I just wonder where the money is coming from as Sears Canada last reported a loss.

Answers

4 answers

      • San Jose, CA

    So. Does this mean that the US Sears folks can get Canadian Craftsman Tri-wing ratchet repair kits, any time in the near future, as opposed to "hopping across the border" to get one or two ratchet repair kits?

  1. What I fund interesting in this is that SHLD owns 51% of the shares in Sears Canada. This means that SHLD will receive approximately $51 million even though Sears Canada has made a loss on the year.
    Some interesting book keeping?

    1. In response to inquisitivemind

      It also benefits the SHLD shareholders to whom SHC divested the remaining shares of Sears Canada to..

    2. In response to inquisitivemind

      To Civsci - Yes it does and who are the majority of those. I do believe Fast Ed and his fund (ESL). Has the 'milking' begun?

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