Well I don't think they can add in the 470 million tax break again. They could write down the value of their name again for a couple hundred million. While it looks good on a balance sheet, it does not put money in the coffer. What does put money briefly in the coffer is selling assets. They still have some to sell. Employees and vendors will continue to be paid as long as there are assets to sell. Might as well ride out this transformation. As for this quarters earnings it looks like the investors liked it for about 4hrs, then they read the fine print on the report, stock nearing all time lows again. (Sigh)
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@1uzp They want to believe the lies because of the fear of losing their cushy jobs.
Our store manager told us how “great” Sears is doing at iur morning meeting.
Wow - does she really believe it or just doing as told?
Jusging by her smiling face, my store is run by a zombie.
Profit due to a tax break.....Those out there thinking this is the start of a big turnaround for Sears can look at the parking lots empty of customer cars....and the ghost town inside the stores where there are more associates than customers.....Brick and mortar stores are dine fir.....If this company survives, it will be an online retailer only.
Seeking Alpha sheds some light on the "profitable" 4th Quarter
https://seekingalpha.com/article/4156624-sears-dead-meat-walking-horrid-holiday-quarter