Thread regarding Sears layoffs

@6cvw: I'm not here to impress anyone. This isn't what I'd consider to be a business setting. But I'm glad you understand my points.

@6tcx: hah! it's funny because it's true. The statistic wasn't meant to be taken literally. A number like 99.999999999 would imply that million of people post here. I also have been typing a random number of 9s each time and I'm pretty sure I used a different percentage each time. Can't be bothered to actually count them.

@5lgx: sorry, MY caps LOCK is BrOkEn.

87.45632% of statistics are made up.

Just a small piece of advice to the OP. If you want people with an education beyond high school to take you seriously, drop the crap like the 99.9999%, the MASSIVE MASSIVE emphasis, and the "duh". A lot of your points are valid but the presentation doesn't impress.

MASSIVE posts on this thread. Quite IMPRESSIVE to SEE. Really AWESOME.

Sorry, couldn't resist being a bit of a troll.

I mean duh it was hyperbole. I hope no one took the number literally....and I already clarified my point wasn't directed at those who were talking about their experiences.

There is a lot of useful information posted here, but as always there is bad with the good. Claiming 99.99999999 of the people posting don't know what they are talking about is just hyperbole. You aren't likely to pick up accurate information here about specific events, such as the coming bankruptcy date, but there are inside perspectives which give a great picture of what is going on with the company day to day. One thing seems close to certain, things aren't getting any better anywhere in this organization.

I suggest looking into public records to find the Lease end date on your individual store, the end of the lease is probably the closure date of your store. Not to cause an all out panic, just keep in mind we are dealing with valuable real estate holdings, no longer a viable retail business, in the minds of those who invest.

This site has been pretty accurate so I go with the flow and maybe I'll have a job another day ..

That's a a great point and definitely right. The problem arises when people talk ABOUT educated guesses as if they were already facts. I'm not saying don't listen to those educated guesses. That's not my point at all. They are helpful and sometimes they are accurate to a degree. But not always.

The biggest example of this would be when people started freaking out about what would happen if the stock prices fell below $10. People came here talking like sears would have a catastrophic failure once that number was reached. It got to the point where people came here multiple times a day just to talk about how the stock dropped a couple cents...ever so closely to that magical number of $10. SHC's stock has dipped into the 7s....well beyond that critical number. Literally nothing changed. Just another day. All the ranting and raving for nothing.

All im saying is that we should acknowledge the fact they they are what they are instead of speaking as if they're set in stone facts. It's extremely useful to know what other people are speculating. But it's not nearly as useful when people turn speculations into fact when they aren't.

Which brings me to your weather analogy and it's biggest flaw when comparing it to what goes on here. We know forecasts are speculation. When the weather people talk about weather it's always "there's a CHANCE of this and that. They don't just come on and tell you A hurricane is gonna hit you tomorrow. So for people to come here and say things like "sears lost all its vendors" "sears is gonna go bankrupt on July 17th" "sears is gonna have a catastrophic failure once the stock prices drop below $10 sears will have a catastrophic failure." as if it absolutely will happen or has happened is a completely different situation.

Another flaw is the fact that they HAVE the facts to use when the people who post here probably don't which was another huge thing my OP talked about. The probability of a weather person's forecast being correct using state of the art technology and techniques to get their information is far higher than the probability of someone reading news articles from google and listening to hearsay from people without those things to get their facts....

@pev - Your quote, "a fact got its GED, an educated guess went to college" is very profound!

For those that don't grasp the meaning, consider a weather forecast. You may have volumes of meteorological facts, however, those facts won't do you much good unless you use them to form an educated guess about the future of the weather; a forecast. Although weather forecasts are not 100% accurate, they do increase your chances of successfully dealing with the upcoming weather over having no forecasts at all.

As others have noted, the company forecasts presented on this board have been remarkably accurate! I for one will always encourage and welcome an educated guess/forecast.

"Almost everyone here knows WHAT is going to happen except a few people with their head in the sand. WHEN or HOW, its speculation."

Fair enough.

"BFD, a fact got its GED, an educated guess went to college"

I'm sorry I have no idea what you're trying to say here..I read it like 3 times. I tried.

" difference between a fact and an educated guess. "

BFD, a fact got its GED, an educated guess went to college

Almost everyone here knows WHAT is going to happen except a few people with their head in the sand. WHEN or HOW, its speculation.

"This site is useful for reporting working conditions ".

True. But once again. Working conditions are something that's experienced first hand.

"I'm 100% sure you know nothing."

You're obviously from yahoo finance. Nice supporting evidence by the way...ohwait.

"You had me till......."

The "maybe" was all caps to emphasis it's a stretch. Sears probably won't be able to pay for it but that doesn't necessarily mean it's going to vanish. Don't get me wrong if you're someone who's in that boat you should definitely be worried.

I'm 100% sure you know nothing.

I think that this site is useful in that workers report the conditions in their store. Collectively, that information gives us a picture of what's going on.