https://www.thestreet.com/story/13918372/1/sears-third-quarter-was-nothing-short-of-terrifying.html
4 replies (most recent on top)
Seritage will only work if SHC survives until at least August 2017 or August 2019 in some states. Eddie doesn't have the cash to keep this shipwreck going. If you loose 750million in on quarter it would wipe his hedge fund out with more debt left over. Eddie made money on this piece of s**t and he will cut his losses and move on, unless his ego gets in the way.
It's called seriatge. That is eddies end game.
How can anyone say that Sears is working to transform the business? You'd think they could dredge up ONE sign, ONE positive program that's being implemented.
what a horror show- they lost 3/4 of a billion dollars in 3 months- ebitda which is the b---s--- way they were trying to spin things was worse off, sears comparible store sales down 10 %.
i thought the results would be bad but this is beyond bad- i dont know how they can survive next year. they will likley lose $3 billion next year alone- supliers seeing this will not stock them and they have no cash to buy anything. The beginning of the end.