Boom!
The transformation continues, sorry shorters, game over:
https://www.cnbc.com/2018/02/15/sears-sales-fall-but-company-expects-to-post-a-profit.html
9 replies (most recent on top)
Stock Boom ??? I sold my SHLD stock in 2009 for 168.00 per. Anyone paying attention could see the coming disaster and got out. Sears/Kmart is in the final stages of the end game.
SHC did not make a profit!!! What they got was a non-cash tax break from the Trump tax bill. This means that they are just as broke today as they were yesterday. All they can say is that with the tax break number they lost less than they would have. They still lost money and lost YoY sales.
Getting a non-cash tax break is not a turn around. No more cash than they had yersterday. Less sales and less revenue is not a way to profitability.
EBITDA is not an accounting principle.
Get a financial education. Not a turn around or a transformation. Just more of the same, losing money and customers.
A tax change is not a turnaround plan.
Great news for the employees!!!
Good news for Eddie. Not sure about anyone else...
Good news for Eddie. Not sure about anyone else...
you make me feel funny