Absolutely correct unless there is more cash quicker to the pension from the deal. What would you pay to sell the brands if Sears is about to go under? What does this line add to your reputation. Would former Sears customers be willing to buy a Kenmore washer at Best Buy when they last experience with Sears appliances was bad? Who wants this as JCP opens 500 appliance stores . Floor space is valuable. Do you want this line taking up space. Craftsman tools sold outside the stores has not done much. The battery? As we know the company has written down the value of these assets and said more coming if sales continue to decline.
I believe they know nothing will happen but they need a "story" today to help the stock.
Pension funds needed the end of you could reach another 400M.
Fire them and get people with a different attitudes. Get rid of the police union . They hurt justice. The code of silence needs to end.
Romney housed to do that as a vulture capitalist and we applauded him and ran him for President, the precursor to Trump. I think these career businessman don't make good Presidential material. Remember W, the MBA.
Why not do that in the US and create jobs here? I don't care for this Co's behavior avoiding taxes, not creating enough jobs here. Image matters! Zuck should buy them and get Sandberg running operations.This management does not impress me. Lets make a new small phone and copy Amazon too. The thrill is gone.
They claimed they were down 4.5% same store sales in January plus loss of sales from store closures and declining SRSC and SHOS revenues, the last month of the last reporting period. We know February for retail was worse overall. I would be supro=ised if it was down more than 10% but apparently the price cuts to move it was horrific
I don't ever expect much of a reaction is a given on day one. There is no interaction with analysts to immediately discover the truth. Takes a few days for people to absorb the information and then act. i have never seen a Company to communicate with legitimate financial interest to understand data. Sales fall another 10% well that is different, the market will respond quickly.
Lets see Trumps tax records. No other Presidents present their birth certificate but all put out their tax returns
if they were throwing lots of money at it volume would be up. This is a stock no one cares about to own long
nonsense it is the rapidly declining revenue. this could be off the market by years end.
So trying to put some fear in the shorts? The company liabilities beyond assets is 30 dollars per share and the all inclusive loss including the pension loss was 2 billion dollars last year. What is the offer amount in buyout. The road to the end often has ups and downs, but the cash bleed wins out.