http://www.cnbc.com/2017/05/25/sears-reports-first-quarter-earnings.html
4 replies (most recent on top)
@oaw RIGHT ON! You have to take any sort of positive that you can.
I don't think Sears will ever have any truly good news but to have less bad news than expected ... well ... that's sort of good news.
There's voluminous bad news in that announcement. Fewer stores, more debt, less cash, dramatically shrinking sales (a number that excludes closed stores), lower revenue. Given that the CFO quit just before the profit number was calculated its reasonable to speculate he didn't agree and quit rather than put his name on the line. Stock price means nothing with the CEO and his buddy owning most of it.
It means nothing when revenue, same store sales, and cash are free falling every quarter. Not to mention vendors bailing.