If GM went under all of Fords suppliers would have failed too We entered the second great depression. We got out due to Obama, Pelosi and Bernanke. The GDP had dropped 10%, greater than the Great Depression, year one. IF Ford failed, the world economy would have failed into a worldwide depression. 10B to save GM and the global economy is just 2 years of special tax breaks to big oil.Hell overall The Feds made money off the bailouts of AIG etc.
If they reorganize he will get plenty of replacement shares from the judge free.
Of course that is why they gave him the retention bonus. It is to preclude him from hulling #$%$ now
He probably was told his retention bonus depended on it. LOL
don't think lenders will allow them to close 1,100 stores. Only allowed to close 200 in 2014 per the loan agreements
Nancy Pelosi got Democrats to do what needed to be done, not the Republicans. The Democrats got the votes to save the banks too .the Republicans were letting them go under
The vast majority of RX come from a limited number of diet clinics. The 200 extra salespersons efforts will bring little to the table , like the past sales will level off again in 45 days
RSH management doesn't know how to manage. Posters can do no worse IMO
They are losing their #$%$ Next guy to go is in Japan. Horrible deal for them. They will run it hard the next year then cut their loses
the markets see Putin as the long term loser here. He is taking on a territory that is corrupt and cannot support itself financially. The rest of the region turns more west. The Russians are not happy at home about this either. He will regret this like W did Iraq
They plan to use a liquidator on the store inventory. Maybe two per the CC. That means to me the inventory is sold for a loss.
They said the store closures should break even , not generate anything. They may cut future losses from those stores that did close however. Maybe future losses will be smaller. The problem is time. It appears what stores will close is dependent on the ability to cut rents at which locations to determine the closures. Lets say that takes 30 0r 45 days to conclude that large effort, the money has dwindled to say 75M remaining.
I say in 45 days we see it is Chapter 7 coming, not a reorganization, just liquidation. Landor's don't seem to gain anything to allow the inventory to be sold off to cover continuing losses. The lenders and vendors best shot at some recovery is while inventory still remains and they take possession rights
What is the potential. They lose over one million a day and have 130 days cash left. What do you do turn that around fast?
Amazon and others online business is already being charged sales tax in large states like CA. That is why best buy had a temporary sales increase