Here’s another example of why Hedgies Like Fast Eddie need to have a nice tumbrel ride:
Chicago Tribune: Sears CEO still committed to turnaround, but signs are tough to see

Sears sold its Craftsman tool brand to Stanley Black & Decker earlier this year for $900 million. The 2015 sale of 235 stores to real estate investment trust spinoff Seritage Growth Properties — an entity in which Lampert also holds a stake — raised $2.72 billion, and spinning off the Lands’ End brand brought in a $500 million cash dividend in 2014.

I was at Sears when we bought Lands’s End back in 2002 for $2 billion. And now he’s systematically setting up new entities in which he’s got ownership and basically stip-mining Sears Holdings into bankruptcy while simultaneuosly running it INTO bankruptcy.

Only in America…..