RE:So where’s the shareholder value they are creating?They have probably only been buying back shares at $30 or above. Why didn't they buy back when under $15 instead?
Sears spent their last $6 billion on share buybacks from +$100 all the way down as they said it was a steal. Instead of creating a better online experience and keeping the company alive.
When they let all of the workers go with nothing they then awarded $200 million in bonuses to management for driving them into bankruptcy.