People, with so many stores closed and so many positions cut, the costs have been cut so much that it has to affect the bottom line positively. I know closed stores are no longer bringing in profit, but from what I understand they haven't been doing that for a long time.
Wait for the announcement before you start panicking.
Was at a Kmart service desk when someone called and asked if the store was liquidating yet. Store is not announced for closing. They all laughed about it like they knew it was inevitable.
All speculation. No one knows for sure what is going on so panic not.
Wow. I went into a Sears about a week ago. I used to work for Sears. If you really think it may not be that bad, let me tell you it is that bad.
Paper signs tapped all over the place saying buy $50 get $50 back I points. Taped on every rack. Taped. No real professional signs. And the ads were all out of date. It was sad.
Maybe five customers in the store. It is that bad. And the stock is under 1.50. That is bad. When HH Greg’s stock was at 2.25 a share they were still opening stores. A year later their stock went to 1.25. Then it fell to under a dollar. They delisted, filled bankruptcy. How can people keep saying it isn’t that bad. Or be waiting for the quarterly numbers? No raises. The stock is almost at delisting. Taping signs to racks. Do you even have snacks in the machines in the break room anymore? Geez...
If you have been around for a long time and you aren’t noticing all of this than you are like the frog slowly boiling to death in the pot.
I guess the only thing that really sinks in is when they come in and close your store. There isn’t going to be a transformation. I’m sorry.
If news was actually decent, it would have been reported at the same time it usually is. It's definitely possible they'll file next week.
You're right, it might not be as bad as everybody thinks....odds are it's way worse.
Going to be a 10% gain today. @ $1.5 it is a riskier buy but the potential for it to go up to $2 is very good for the next five days of trading before an earning call. Buy on rumor and sell on news. Maybe a good news so we don't need to sell it. Look like I will be able to retire on Sears stock after all. Thanks to those who sold it at $1.1
What about all the interest SHC is paying on loans -- the latest is the $113 million borrowed Aug. 31. Keep borrowing and pushing out the due dates. It can't be sustainable forever.
You do know that they have also closed MANY profitable stores as well right?
No....if you still work for SHC the time to panic was 10 years ago. Bankruptcy is a foregone conclusion. Many profitable store were closed and sold to Seritage. Get a grip....We've had this discussion before. You are mentally ill. Get help.