Sears divesting brands

[spuwho]

Per Yahoo Finance:

Sears has put up its iconic brands for sale and already have an offer of $2 Billion for Craftsman tools brand alone.

Kenmore, Diehard and the other iconic brands are all up for bid.

Suitors include Stanley-Black&Decker, Apex Tool Group, Husqvarna AB.

While the stock has jumped, most long term financial firms say it wont be nearly enough to stem the huge losses the company has faced and will face as they shut down legacy stores.

All that's left after the brands are sold, is the real estate and the Sears name.

Sears HQ is located on an expansive and valuable property in Hoffman Estates, Illinois after they vacated their iconic Sears Tower in downtown Chicago.

Not much time left. The dividend will keep up until the walls fall down. They denied they are shuttering the KMart brand today.

Suppliers are getting upset over the growing number of cancelled orders due to accelrating store closures.

Sears has $3.5 Billion in long term debt and its pension is underfunded by $2 Billion.

The CEO had to personally loan the firm money from his hedge fund to make it through Christmas last year.

[acme54321]

I can't believe Sears has held on as long as they have.  It's actually pretty impressive.