https://www.google.com/search?q=sears+stock&rlz=1C1CHBF_enUS775US775&oq=sears+stock&aqs=chrome..69i57j69i61l3j69i59j69i61.8984j0j7&sourceid=chrome&ie=UTF-8
Now bouncing between 2.10 and 2.11, how in the heck do they even have the cash to open?
https://finance.yahoo.com/quote/SHLD/cash-flow?p=SHLD
Sears will be done by August 25th!
@Ujqv6sW-ebr I hope the company person answers your question, and I don't have to hang out another bait post to get them to talk
Just curious, does anyone on here other than me really work at a sears?
Cash on hand, stock price, this all reads like investors business daily not a layoff board....
Employees have the right to know and should be aware of the financial health of their employer. "It will be fine" is not a good enough answer.
Default credit rating is imminent for Sears Holdings.
Cash on hand is of EXTREME importance to anyone who works for SHLD. Cash on hand is how much money is physically in the bank (or physically stored somewhere) that SHLD has access to and can write checks and so forth for vendors or employees. When the amount of cash on hand drops below the daily cost of operation to actually open the stores one of these days then that will be the end. SHLD can't pay vendors for merchandise, SHLD can't pay for supplies, SHLD can't cover rent, SHLD can't pay for electricity, SHLD can't pay for water service, AND most importantly SHLD can't cover payroll for employees when cash on hand reaches that point.
If there IS $220 mil left and SHLD loses roughly $4 million per day on average then basically the money will be gone in 55 days, so less than two months. Only selling assets or Eddie extending another loan will make that 55 day number increase.
Yeah....even IF there were $220 mil cash on hand that would only last maybe two months, so not much to be excited about there. From what I understand there is not that much cash on hand though. If I remember correctly there was only about $186 mil cash on hand a few weeks ago and I have also seen the estimated figure as low as about $160 mil cash on hand.....So no matter how you slice it the picture looks bleak. When SHLD is losing more than $400 mil per quarter that means means the cash will run out before the next quarter ends. So to those that say there is $220 mil cash left and there is nothing to worry about because that is plenty of money to keep operating on I say this....Are you serious? Who are you kidding?
Just curious, does anyone on here other than me really work at a sears?
Cash on hand, stock price, this all reads like investors business daily not a layoff board....
@Ujqv6sW-hsd: Hell yeah! I hope Sears' stock price falls below $1 and it gets delisted. Sears will die!
"Sears has over $220M cash on hand as of today.
Ignore those on here who do not understand cash flow."
That's what Sears roughly loses every 4-6 weeks. You should be good.
$220 million is NOT a lot of money to operate the company on, thanks for answering my main question company person, I figured someone would come up with an answer thanks for taking the bait.
Sears has over $220M cash on hand as of today.
Ignore those on here who do not understand cash flow.
it's down to flopping between 2.05 and 2.06 now
Deficit spending is bad, for ANYONE who does it. The government, business, individuals. if you don't have it don't spend it
It's called, "Deficit Spending."