Anybody see the front page of the WSJ today?
18 days cash burn.
https://www.wsj.com/articles/coronavirus-puts-a-premium-on-cash-even-for-biggest-u-s-companies-11585153040
3 replies (most recent on top)
No doubt-activated the 1.5B line of credit on top of 4.2b on the Balance Sheet=Chapter 11. Gone-get a new bank and start over!
I just googled the article......xd out of the subscription notice and was able to read it. Kohls was on the list, one place below M......on the bottom......their burn rate was 13 days.
Nah. Im about to be outta work at Macys, so spending my hard earned cash on a subscription to WSJ just to read their biased blather definitely falls under the "he!! no" category.