SHLD stock up 25% this week! Unbelievable!!!
While the rest of the market is in trouble the cream rises to the top!
Way to go Eddie!
6 replies (most recent on top)
Cream rises to the top so it can be beaten into butter, which is then spread on toast, which is what Sears is...toast.
And that cream is also going sour very quickly.
Sales not just down, down almost 16%. The model is unsustainable.
The store sales are still down. This is all smoke and mirrors so fast Eddie will sell more stock at a profit. In another week or two things will plummet once again.
Actually they have indicated they will post a profit. However; their profit projection is based on the fact:
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Reductions in income tax should always be included before and not after income taxes
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Pension costs are not expenses
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Severance costs are not expenses
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The cost of closing stores is not an expense
They will likely show a profit soon dueto asset sale, perhaps more closures too. The market loves this. The new tax code could help also but, if you are not profitti g then what are you paying tax on anyway?