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matt819

(10,749 posts)

2. These are not white knights

Reply to turbinetree (Original post)

Wed Sep 9, 2020, 06:04 PM

Sep 2020

They will strip the remaining assets, sell the properties where they can, abandon where they can’t, fire everyone they can, picket millions and then declare bankruptcy. All without leaving their offices.

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And in other news, how to do a new version of a TWA for 2020, lets call it JC Penny............ [View all] turbinetree Sep 2020 OP

Breaks my heart to see Penney's go through this The Genealogist Sep 2020 #1

These are not white knights matt819 Sep 2020 #2

Just like what Icahn and that bunch did to TWA.........and Frank Lorenzo bunch............ turbinetree Sep 2020 #4

Actually these are mall owners, not the typical venture/vulture capitalists. Freethinker65 Sep 2020 #5

I know matt819 Sep 2020 #8

Perhaps Not ProfessorGAC Sep 2020 #6

Just like Sears. muntrv Sep 2020 #3

The entire retail sales sector is going to go under, its not if but when... Moostache Sep 2020 #7