Sears Holdings' Valuation Part 4: SRe Holding, Sears Re, And REMIC Early 2014 Update
- Update on significant developments revealed in Sears Holdings' 2013 10-K.
- SRe Holding Corporation created by Sears Holdings in Q4 2013.
- Mortgage-backed securities containing the 125 most valuable full-line Sears stores distributed to SRe Holding Corporation.
- Sears Reinsurance reduced "excess statutory capital" in REMIC by distributing CMBS to SRe Holding Corporation.
- With cash balances the highest in three years, Sears Holdings also sold 5 stores for $98 million in 2013.