FailedCompaniesMerging: K-Mart + Sears < 0

You'll recall a once-frequent feature here, DeadCompanyWalking.

I guess K-Mart and Sears figured that if you combined two dysfunctional companies, they'd somehow emerge as one flourishing entity on an Earth in some other, parallel universe circa 1985.

That has to be the explanation for K-Mart's inexplicable purchase of Sears last week for $11 billion.

I mean, talk about two failed companies: have you gone into a store of either lately?

Depressing doesn't begin to describe the empty shelves, lack of salespeople, terrible lighting, and outdated merchandise.

Rearranging the deckchairs on the business Titanic in a big, big way, is how I view this proposed deal.

I'm sure, though, that these companies' investment bankers are cheering them on, anticipating the juicy fees to come.

Maybe they got the idea from Blockbuster Video

which, its business imploding from NetFlix and Pay-Per-View making huge inroads, decided to buy

Hollywood Video for a billion dollars.