Where is it? Hasn't been posted this late as far back as Q2 2013. I know, I checked.
10 replies (most recent on top)
-
This pig is not dead it just sleeping - wrong, you can stick a fork in it, it's over
-
I vote for the reason being they are waiting for the Kenmore deal to squeak through so they have 'something' positive to report on the 2Q- wrong, the PBGC ( Pension Benefit Guaranty Corporation) has already said they will veto with the caveat that the Pension gets the money from a sale if it happens -- this was widely covered in the media learn to use google. There will be no cash infusion.
-
assuming the quarter end was 7/28/2018 they have until 9/06/2018 to report - stop getting your knickers in a knot about the reporting time-- knickers in a knot? England or India ?
-
Who knows maybe it was a ploy to drive stock down as much as possible so he can accumulate more and then report a good number and reap all that rewards. Short sellers and those who dumped it recently will feel double whammy! The board is dumping https://www.sec.gov/Archives/edgar/data/1214344/000091957418005864/xslF345X03/ownership.xml
This coming Thursday will be the day financial results are released.
I vote for the reason being they are waiting for the Kenmore deal to squeak through so they have 'something' positive to report on the 2Q...otherwise it would be a total disaster.
My theory is that they're withholding the financial reports because the numbers, as is, would cause the stock to drop to zero, and all the major credit bureaus would downgrade SHLD to default. My gut feeling is that they're fixing the numbers to negate the effects of another bad quarter.
@UPm5Vqa-hdt: I have a feeling they're late because of manpower shortage. I'm sure some people at HE, who do the number crunching, were layed-off. I think that's a more plausible explanation.
@uif I agree. They're not in rush to report bad news & they are trying to come up with something positive to highlight.
If you think about it, it's morbid curiosity wanting to know the exact numbers because you know it going to be bad.
assuming the quarter end was 7/28/2018 they have until 9/06/2018 to report - stop getting your knickers in a knot about the reporting time
Who knows maybe it was a ploy to drive stock down as much as possible so he can accumulate more and then report a good number and reap all that rewards. Short sellers and those who dumped it recently will feel double whammy!
OP is right, for the past few years the report has always been on or about the 22nd. This just speaks to turmoil and chaos. They're trying to get their story straight. Not sure I believe the chatter here about BK first week in September, but the fact that earnings didn't come out this past week isn't a good sign. But it simply could be trying to get the Kenmore deal locked down so they have something to report to Wall Street that vaguely looks like good news. If earnings don't happen on the 30th, that indicates even more chaos.
They are now posting it on the last Thursday of the month following the end of the quarter. They delay as much as they can, because they don't have good news to report.