bad way to do market math. What if they already made $10 Billion from Land's End since 2002?
With zero knowledge, I'd bet that they got their $2b and then some. Acquisitions are /were probably their only asset, since real estate was mortgaged by their hedge fund owner.
Forbes seems to think they overpaid, then ruined it. The market cap was also ~3x higher a few years ago, so it sounds like post spinoff didn't go well either.
With zero knowledge, I'd bet that they got their $2b and then some. Acquisitions are /were probably their only asset, since real estate was mortgaged by their hedge fund owner.