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I wonder if any company in a similar position has just done a total liquidation and turned over all cash as a one time super dividend. That seems like the honest and fair way of doing it. Though it's probably less lucrative than a debt-fueled stock buyback and dump strategy.

This seems like standard operating practice for vulture capitalists (Bain Capital) that swoop in and extract the value from the firm before discarding its debts and bankruptcies and moving on to the next firm.

I don't know about the rest of the country, but they had spent the last 2 years rebuilding their flagship store in Oak Brook Center west of Chicago. Last I was in the mall last fall, it was still under reconstruction.

Probably far too little, far too late...