Sears Canada Inc SRSCQ

RE:Can someone in the know please answer

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Many retailers have gone through bankruptcy and kept their name for brand value such as KMart.  In this case Sears Holdings owns 12 percent of sears canada.  At 1.22 a share would only cost Lampert 15 Million or so to buy this out which is the most likely event to happen here.  Not so sure Sears Holdings is going to go bankrupt though as takes a willing owner.  Based on last public statements looks like Lampert is trying to prove all his naysayers wrong.  He does still have substantial capital.  Berkowitz, second largest shareholder also has substantial capital.  At this level Sears Canada is priced for also going bankrupt but dont see that happening.  The 5 percent same store sales growth shown up till end of March is likely continuing now that they are offering financing and as they last reported they are still number one in appliance category.  Cheap leases does provide options.  I found it interesting to read that when Cadillac Fairview paid them out for Eaton Centre store they did not have Nortstrom lined up.  More deals like that can hapen still.  They need to get to operating income neutral first which they are headed to.