So Berkowitz left Sears’ board.

That is not good. So what is exactly going on?

Well, Lampert, the CEO of Sears is lending more money and its hedge fund holds Sears debt so—-

Well, it looks like that Lampert will get the benefit from its debt even if things go under. I am sure Lampert will get seniority in claims if Sears go bankrupt.

So what do I predict?

Lampert is smart. So he will aim for bankruptcy and sell off the real estate and be fine. He will also handle the pension during bankruptcy. And a new lighter Sears will emerge.

Not sure how the new Sears will do but Lampert will be fine.

So should we short or go long?

I would just stay away—

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