Eddie Lampert wants to buy Sears back and has bid $4.6 billion for the privilege. All kinds of theories have been raised as to why he would do this and at least some of them make sense when you explore the situation a little more closely.
The reasons vary but they all have one thing in common: Eddie has found another way to make money and benefit himself. Smart for him…but Stupid for investors, creditors and, worst of all, the thousands of Sears and Kmart employees still trying to earn a living.
Here’s my take on Forbes.com: https://www.forbes.com/sites/warrenshoulberg/2018/12/11/why-in-the-world-does-eddie-lampert-still-want-sears/#74fa3b5251b6
WarrensReport 