Some people have way too much time on their hands....
4 replies (most recent on top)
I don't have Wall Street-esque financial evidence here but I have this:
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Our store has been open nine hours today and we are sitting at $1587.94 in our sales flash as of 6:31 PM CST. I have more than that in my checking account!
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We are losing sales at a precipituous pace due to how inept the leadership is in this company. Appliances loses over 1/2 of all their sales mostly because of delays or deficiencies in delivery and it's been a problem for years and NO ONE has fixed it. We all are having to walk sales because the customer needs something soon (like a week) and yet the earliest availability dates are like a few weeks or even a month or two away. (Credit issue with the vendors?)
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I'm one of five people on the clock since we don't have a single cent to spare on payroll. It's like this 90% of the time. We may have about ten or twelve people (including managers) when we are running on all cylinders.
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We haven't been emphasizing on staffing the store with seasonal hires this year like in years past. A few people have left and it doesn't seem like they are getting replaced. It kinda makes sense after the dismal holiday we had. Nobody was at the door for a good 15 minutes after we opened them on Black Friday last year. Why would it suddenly be any better for this year?
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Still have pretty empty holes in tools, shelving space or pegs with no product. Availability for a lot of products is dismal.
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Holiday assortment is the same old dismal garbage you'd find at the dollar store. Same old stuff they buy year in and year out. Most of it never is able to sell and it ends up being marked at or below cost after the holidays. Even still, it never sells so we have to spend the money to ship back a couple of pallets of this stuff every single year.
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And of course the usual stuff that's old hat with everybody: constant store closings, layoffs, no expansion or growth, no investment in the stores or its employees, piss poor stock price, debt collectors are a'knockin (our store actually was given a "Discontinuation of Service" notice by our garbage collection company for nonpayment), even the company "fixtures" like that Brathwaite guy are leaving...
Earnings Estimate Current Qtr. (Jul 2018) Next Qtr. (Oct 2018) Current Year (2019) Next Year (2020)
No. of Analysts 0 0 0 0
Avg. Estimate 0 0 0 0
Low Estimate 0 0 0 0
High Estimate 0 0 0 0
Year Ago EPS -1.16 -2.64 N/A N/A
Revenue Estimate Current Qtr. (Jul 2018) Next Qtr. (Oct 2018) Current Year (2019) Next Year (2020)
No. of Analysts 1 1 1 1
Avg. Estimate 3.18B 2.89B 12.42B 11.43B
Low Estimate 2.91B 2.89B 12.42B 11.43B
High Estimate 2.91B 2.89B 12.42B 11.43B
Year Ago Sales 4.37B 3.66B 16.7B 12.42B
Sales Growth (year/est) -27.10% -21.10% -25.60% -8.00%
Earnings History 7/30/2017 10/30/2017 1/30/2018 4/29/2018
EPS Est. -2.48 -4.46 1.16 -1.51
EPS Actual -1.16 -2.64 -1.41 -4.62
Difference 1.32 1.82 -2.57 -3.11
Surprise % 53.20% 40.80% -221.60% -206.00%
EPS Trend Current Qtr. (Jul 2018) Next Qtr. (Oct 2018) Current Year (2019) Next Year (2020)
Current Estimate 0 0 0 0
7 Days Ago -2.41 -4.94 -14.12 -16.82
30 Days Ago -2.41 -4.94 -14.12 -16.82
60 Days Ago -2.41 -4.94 -14.12 -16.82
90 Days Ago -2.41 -4.94 -14.12 -16.82
EPS Revisions Current Qtr. (Jul 2018) Next Qtr. (Oct 2018) Current Year (2019) Next Year (2020)
Up Last 7 Days 1 1 N/A N/A
Up Last 30 Days 1 1 N/A N/A
Down Last 7 Days N/A N/A N/A N/A
Down Last 30 Days N/A N/A 1 1
Growth Estimates SHLD Industry Sector S&P 500
Current Qtr. N/A N/A N/A 0.32
Next Qtr. N/A N/A N/A 0.43
Current Year N/A N/A N/A 0.24
Next Year N/A N/A N/A 0.27
Next 5 Years (per annum) -163.90% N/A N/A 0.11
Past 5 Years (per annum) -10.95% N/A N/A N/A
AnnualQuarterly
Cash FlowAll numbers in thousands
Period Ending 2/3/2018 1/28/2017 1/30/2016 1/31/2015
Net Income -383,000 -2,221,000 -1,129,000 -1,682,000
Operating Activities, Cash Flows Provided By or Used In
Depreciation 292,000 355,000 419,000 573,000
Adjustments To Net Income -2,791,000 558,000 -545,000 21,000
Changes In Accounts Receivables - - - -
Changes In Liabilities 306,000 -1,513,000 -566,000 -1,247,000
Changes In Inventories 1,144,000 1,213,000 -229,000 1,091,000
Changes In Other Operating Activities -426,000 66,000 -82,000 -71,000
Total Cash Flow From Operating Activities -1,842,000 -1,381,000 -2,167,000 -1,387,000
Investing Activities, Cash Flows Provided By or Used In
Capital Expenditures -80,000 -142,000 -211,000 -270,000
Investments - - - -
Other Cash flows from Investing Activities 293,000 293,000 2,600,000 2,600,000
Total Cash Flows From Investing Activities 1,894,000 244,000 2,519,000 327,000
Financing Activities, Cash Flows Provided By or Used In
Dividends Paid - - - -
Sale Purchase of Stock - - - -
Net Borrowings 41,000 1,236,000 -314,000 -172,000
Other Cash Flows from Financing Activities -43,000 -51,000 -50,000 457,000
Total Cash Flows From Financing Activities -2,000 1,185,000 -364,000 285,000
Effect Of Exchange Rate Changes - - - -3,000
Change In Cash and Cash Equivalents 50,000 48,000 -12,000 -778,000
AnnualQuarterly
Balance SheetAll numbers in thousands
Period Ending 2/3/2018 1/28/2017 1/30/2016 1/31/2015
Current Assets
Cash And Cash Equivalents 182,000 286,000 238,000 250,000
Short Term Investments - - - -
Net Receivables 343,000 466,000 419,000 429,000
Inventory 2,798,000 3,959,000 5,172,000 4,943,000
Other Current Assets 224,000 96,000 31,000 30,000
Total Current Assets 3,812,000 4,996,000 6,045,000 5,863,000
Long Term Investments - 17,000 52,000 111,000
Property Plant and Equipment 1,729,000 2,240,000 2,631,000 4,449,000
Goodwill 269,000 269,000 269,000 269,000
Intangible Assets 1,168,000 1,521,000 1,909,000 2,097,000
Accumulated Amortization - - - -
Other Assets 284,000 319,000 431,000 396,000
Deferred Long Term Asset Charges - - - -
Total Assets 7,262,000 9,362,000 11,337,000 13,185,000
Current Liabilities
Accounts Payable 576,000 1,048,000 1,574,000 1,621,000
Short/Current Long Term Debt 4,379,000 4,398,000 3,140,000 3,776,000
Other Current Liabilities 2,456,000 3,043,000 2,996,000 3,285,000
Total Current Liabilities 4,915,000 4,681,000 5,438,000 5,595,000
Long Term Debt 2,199,000 3,470,000 1,971,000 2,877,000
Other Liabilities 3,574,000 4,697,000 5,583,000 5,448,000
Deferred Long Term Liability Charges - - - 16,000
Minority Interest - - 7,000 6,000
Negative Goodwill - - - -
Total Liabilities 10,985,000 13,186,000 13,293,000 14,130,000
Stockholders' Equity
Misc. Stocks Options Warrants - - - -
Redeemable Preferred Stock - - - -
Preferred Stock - - - -
Common Stock 1,000 1,000 1,000 1,000
Retained Earnings -5,895,000 -5,512,000 -3,291,000 -2,162,000
Treasury Stock -6,892,000 -7,443,000 -7,846,000 -7,979,000
Capital Surplus 9,063,000 9,130,000 9,173,000 9,189,000
Other Stockholder Equity -1,072,000 -1,552,000 -1,918,000 -2,030,000
Total Stockholder Equity -3,723,000 -3,824,000 -1,963,000 -951,000
Net Tangible Assets -5,160,000 -5,614,000 -4,141,000 -3,317,000
Lookup Option
CallsforOctober 12, 2018
Contract Name Last Trade Date Strike Last Price Bid Ask Change % Change Volume Open Interest Implied Volatility
SHLD181012C00000500 2018-10-08 9:49AM EDT 0.50 0.15 0.01 0.19 -0.08 -34.78% 2 4 462.50%
SHLD181012C00001000 2018-10-08 12:36PM EDT 1.00 0.01 0.01 0.04 -0.01 -50.00% 59 499 375.00%
SHLD181012C00001500 2018-10-05 12:57PM EDT 1.50 0.01 0.00 0.01 0.00 - 1 196 387.50%
SHLD181012C00002000 2018-10-03 1:10PM EDT 2.00 0.01 0.00 0.01 0.00 - 26 81 500.00%
SHLD181012C00002500 2018-10-05 11:53PM EDT 2.50 0.01 0.00 0.01 0.00 - 2 2 550.00%
PutsforOctober 12, 2018
Contract Name Last Trade Date Strike Last Price Bid Ask Change % Change Volume Open Interest Implied Volatility
SHLD181012P00000500 2018-10-08 3:26PM EDT 0.50 0.05 0.04 0.05 0.00 - 391 660 362.50%
SHLD181012P00001000 2018-10-08 12:57PM EDT 1.00 0.45 0.25 0.42 +0.03 +7.14% 20 758 456.25%
SHLD181012P00001500 2018-10-05 3:10PM EDT 1.50 1.00 0.00 1.28 +0.26 +35.14% 1 65 2,025.00%
SHLD181012P00002000 2018-10-08 9:48AM EDT 2.00 1.59 0.14 3.30 +0.78 +96.30% 31 22 1,881.25%
SHLD181012P00002500 2018-10-05 11:53PM EDT 2.50 1.30 0.00 2.40 0.00 - 1 0 2,950.00%
feel that cash burn
0.6224-0.0096 (-1.52%)
At close: 4:00PM EDT
0.6224 0.00 (0.00%)
After hours: 4:57PM EDT
Open 0.63
High 0.66
Low 0.59
Mkt cap 67.84M
P/E ratio -
Div yield -
Prev close 0.63
52-wk high 7.39
52-wk low 0.59
Valuation Measures
Market Cap (intraday) 5 67.84M
Enterprise Value 3 5.23B
Trailing P/E N/A
Forward P/E 1 N/A
PEG Ratio (5 yr expected) 1 N/A
Price/Sales (ttm) 0.00
Price/Book (mrq) N/A
Enterprise Value/Revenue 3 0.37
Enterprise Value/EBITDA 6 -4.81
Financial Highlights
Fiscal Year
Fiscal Year Ends Feb 2, 2018
Most Recent Quarter (mrq) Aug 3, 2018
Profitability
Profit Margin -9.16%
Operating Margin (ttm) -9.39%
Management Effectiveness
Return on Assets (ttm) -10.97%
Return on Equity (ttm) N/A
Income Statement
Revenue (ttm) 14.3B
Revenue Per Share (ttm) 132.45
Quarterly Revenue Growth (yoy) -25.60%
Gross Profit (ttm) 3.84B
EBITDA -1.09B
Net Income Avi to Common (ttm) -1.31B
Diluted EPS (ttm) -12.1400
Quarterly Earnings Growth (yoy) N/A
Balance Sheet
Total Cash (mrq) 193M
Total Cash Per Share (mrq) 1.77
Total Debt (mrq) 5.3B
Total Debt/Equity (mrq) N/A
Current Ratio (mrq) 0.90
Book Value Per Share (mrq) -40.38
Cash Flow Statement
Operating Cash Flow (ttm) -1.74B
Levered Free Cash Flow (ttm) -789M
Trading Information
Stock Price History
Beta (3y) -0.60
52-Week Change 3 -91.07%
S&P500 52-Week Change 3 13.39%
52 Week High 3 7.3400
52 Week Low 3 0.5879
50-Day Moving Average 3 1.1785
200-Day Moving Average 3 2.2536
Share Statistics
Avg Vol (3 month) 3 1.99M
Avg Vol (10 day) 3 3.34M
Shares Outstanding 5 108.99M
Float 37.76M
% Held by Insiders 1 36.24%
% Held by Institutions 1 58.16%
Shares Short (Sep 13, 2018) 4 17.35M
Short Ratio (Sep 13, 2018) 4 6.17
Short % of Float (Sep 13, 2018) 4 54.30%
Short % of Shares Outstanding (Sep 13, 2018) 4 15.92%
Shares Short (prior month Aug 14, 2018) 4 15.72M
Dividends & Splits
Forward Annual Dividend Rate 4 N/A
Forward Annual Dividend Yield 4 N/A
Trailing Annual Dividend Rate 3 N/A
Trailing Annual Dividend Yield 3 N/A
5 Year Average Dividend Yield 4 N/A
Payout Ratio 4 0.00%
Dividend Date 3 N/A
Ex-Dividend Date 4 N/A
Last Split Factor (new per old) 2 1062/1000
Last Split Date 3 Nov 2, 2014
AnnualQuarterly
Income StatementAll numbers in thousands
Revenue 8/4/2018 5/5/2018 2/3/2018 10/28/2017
Total Revenue 3,182,000 2,891,000 4,376,000 3,660,000
Cost of Revenue 2,423,000 2,261,000 3,371,000 2,878,000
Gross Profit 759,000 630,000 1,005,000 782,000
Operating Expenses
Research Development - - - -
Selling General and Administrative 993,000 870,000 1,094,000 1,304,000
Non Recurring - - - -
Others - - - -
Total Operating Expenses 3,472,000 3,194,000 4,531,000 4,252,000
Operating Income or Loss -290,000 -303,000 -155,000 -592,000
Income from Continuing Operations
Total Other Income/Expenses Net -237,000 -112,000 -202,000 37,000
Earnings Before Interest and Taxes -290,000 -303,000 -155,000 -592,000
Interest Expense -188,000 -166,000 -152,000 -136,000
Income Before Tax -527,000 -415,000 -357,000 -555,000
Income Tax Expense -19,000 9,000 -539,000 3,000
Minority Interest - - - -
Net Income From Continuing Ops -508,000 -424,000 182,000 -558,000
Non-recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Changes - - - -
Other Items - - - -
Net Income
Net Income -508,000 -424,000 182,000 -558,000
Preferred Stock And Other Adjustments - - - -
Net Income Applicable To Common Shares -508,000 -424,000 182,000 -558,000