Liquidity fears at Sears. Who would have thought it’d be possible?
“Although Sears has been able to fund its continued cash shortfalls through planned asset monetization, and additional financings, a meaningful business turnaround in fiscal 2017 is critical given the continued reduction of its asset base”, said Moody’s VP Christina Boni. “We expect operating cash flow to approach a disappointing loss of $1.5 billion for fiscal 2016.”
Shares of $SHLD have been hammered to pieces this year, off by 22% so far. There hasn’t been any new, dreadful news, other than credit agency warnings. We all know how this story ends, yes?
But the more important aspect to this story is the overall state of retail. Share price performance has been nothing short of dreadful for 2017.
Here are some standouts.
$JCP -22%
$SHLD -22%
$KSS -21%
$SHOS -19%
$M -19%
$RH -15%
$PIR -16%
$CBK -43%
$SSI -37%
$ZUMZ -14%
$JWN -11%
This is hardly the pin action for a robust economic environment, is it?
Seriously, Eddie Lampert should either kill himself or volunteer to become Jeff Bezos’ new catamite.
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Fly – come back to the ark. All the frogs (and their incessant croaking) are gone.
Retail stocks are so gay
Maybe Lampert should rent out his big forehead as a billboard.
Like in the movie ‘night of the living dead’ .
Fellow mall maggots, if you wanna grok retail trends, then you gotta suck in some if this dude’s messaging. He reminds his viewer that “We get it wrong ALL the time” but his presentation should be a good fit with maggot DNA:
Scott Galloway at DLD 2017 (and 2016 and 2015 if you poke around)
https://www.youtube.com/watch?v=cFxdgZ1az9s
and for a good time browse the other gems at L2inc. Tough time to be in advertising or retail these days. Good luck.
Really liked your Heinlein reference. 😉
Walked into a Sears store recently in my area with a female member of my family and was so shocked at how vacant it was of people and staff that I had a safety concern and walked right back out.
lol
Wow, the action in this space is incredible. Is everyone not giving a fuck about buying stupid shit to buy a new home now or something?
Dear fake news clicker,
Is the response that the move in this space is jawdropping, fake news? Or the possible question of people not buying shit in the sector because it’s stupid, fake news? Or the question of if some people are not buying stupid shit to save money for more important things, fake news? Just wondering if you could clarify. Thanks
Is it possible that the middle class has been, like IBM, completely folded, spindled, and mutilated? Is it possible that you are too young to comprehend this concept? Is it possible that the FUCKING WORLD is comprehending what a debt limit might be, and are contemplating, to the horror of CB critters world wide, fixing their balance sheets by reducing debt? Is it possible that this might mean keeping their maggotty butts out of malls and only buying shit online that they really NEED? For more on this theme, and a view of the COMPLETE and UTTER FUCKING of retail, see more here, if you dare:
http://slopeofhope.com/2017/01/retail-roundup.html
SHLD is only down 84% since Apr 2015 and down 96% since 07 high. Why are you calling them “retards?”