New York (CNN Business) Would $6 billion in cash have kept Sears out of bankruptcy? Sears' ability to stay in business is in doubt after the company filed for bankruptcy protection this month. Yet Sears spent $6 billion buying back its own shares since 2005 in a futile effort to help support its stock price. In bankruptcy, the shares are essentially worthless. Sears could have used the money to reduce its debt burden and provide the working capital needed to keep the company out of bankruptcy.

Source: CNN October 30, 2018 16:41 UTC