The life expectancy of SHLD rides on the amount of cash on hand that is left. In the past six days I've seen that number as low as $160 mil and as high as $220 mil. So at this moment how much actual cash on hand is left? What do you think?
9 replies (most recent on top)
$0.00
@Um5dfRb-1bns: We shall see.
More stock than we’be had in 5-6 years, repairs being done first time since Eddie bought it. I’d estimate $300M and rising
i would have a negative -$15,000 if i choose to pay the credit card company $5,000 but if I decided to waste it on other things and still owe the $20,000 i could just file BK and poof its gone
Sorry. I meant to say negative $15,000 instead of negative $5,000. My auto-correct has a mind of it's own.
@jhw Excellent comparison to SHLD. More debt owed than what you have cash to pay it and more than incoming cash will be able to make up for.
No. You would technically have negative $5,000 minus whatever further interest you're being accessed on the credit card debt.
If I have $5000 in a savings account but have $20,000 in credit card bills do I really have the $5000?
Considering stock isn't getting refilled, even our exclusive rebranded items aren't, repair orderers being passed on, the wearhouses pushing out all of their inventory and the sudden push for sales at any cost. I'm thinking it's well under 100m and probably closer to 20-50m at the highest.