[mschuster91]

> That way their capital isn’t tied down in non core competencies.

That nonsense of "non core competencies" has to stop. All that mindset does is exchange marginal cost savings (by going for the lowest bidder) for resilience.

Yes, it may not be a "core competency" of a rocket company to build valves, but now they are in complete control and not reliant on the valve builder company to not fudge with test results. Yes, it may not be a "core competency" of a logistics company to build and maintain their own warehouses, but that way they don't have to keep a landlord happy to not lose their location.

"Sale and lease back" is only one thing: foolish and dangerous, particularly when the thing that was sold and leased back were the stores.