Jonathan Langdale shared a Business Insider summary of a Sears press release. Key takeaway:
The retailer sees Q4 adjusted loss of $2.01-$2.98. Analysts were looking for earnings of $0.26 per share.
Hence the premature advisory from Sears, who ordinarily wouldn't announce anything about earnings until late February.
I have to admit that the combination of Sears (who was losing out to other retailers) and KMart (who was losing out to Walmart) didn't seem to promise a viable combined firm.
It may be premature to pronounce an R.I.P. for Sears - they still have cash and a credit line - but if you're about to retire, don't put all your money in Sears stock.
Must-win? What? When? How?
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In sports and in business, you occasionally hear the phrase "must-win." It
obviously signifies something of importance, but sometimes the word is
bandied a...
3 years ago