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| Sears Is Doing Just About All It Can to Survive One More Year | |
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| Tweet Topic Started: Jan 4 2017, 06:19 PM (1,599 Views) | |
| Robertr2000 | Jan 4 2017, 06:19 PM Post #1 |
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Sears Is Doing Just About All It Can to Survive One More Year January 4, 2017 Struggling Sears Holdings (SHLD) has come out of the gate in 2017 determined to stay alive. Sears said Wednesday it entered into a $500 million secured loan facility with CEO Eddie Lampert's hedge fund ESL Investments. Of the total, $321 million was funded under the loan facility, with the remaining $179 million available for withdrawal in the future. In a sign of Sears' beleaguered financial state, the loan bears an interest rate of 8%. (continues) https://www.thestreet.com/story/13942213/1/sears-is-doing-all-it-can-to-survive-one-more-year.html?puc=yahoo&cm_ven=YAHOO&yptr=yahoo |
| "if that **** wins we'll all hang from nooses" | |
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| Robertr2000 | Jan 4 2017, 06:20 PM Post #2 |
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Peddling Fiction anyone?
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| "if that **** wins we'll all hang from nooses" | |
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| Mr. Tik | Jan 4 2017, 06:29 PM Post #3 |
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Sears has been run into the ground by an Ayn Rand groupie. |
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You may be a conservative republican..if you are pro life until you get your mistress knocked up | |
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| Mr. Tik | Jan 4 2017, 06:35 PM Post #4 |
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Column: This is what happens when you take Ayn Rand seriously http://www.pbs.org/newshour/making-sense/column-this-is-what-happens-when-you-take-ayn-rand-seriously/ |
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You may be a conservative republican..if you are pro life until you get your mistress knocked up | |
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| Drudge X | Jan 4 2017, 07:00 PM Post #5 |
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Sears did not learn from Kodak. Break up or not, the company would tank regardless. Sears and JC Penny saw what Amazon and Walmart were capable of doing then. It's not like both were blindsided. |
| Kate Steinle was separated from her family permanently but leftists didn't seem to mind. | |
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| George Aligator | Jan 4 2017, 07:00 PM Post #6 |
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Sears has been killed by Amazon and the new technology of retail. Whatever you are shopping for, Amazon can sell it for less because it takes significantly fewer worker hours to make the sale and deliver the goods on line with FedEx delivery than to operate a retail store full of employees. Nothing will stop this trend; we must find a way to operate American society successfully under its aegis. |
| Conservatism is a social disease | |
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| Drudge X | Jan 4 2017, 07:10 PM Post #7 |
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Ready to work part time Gatorman? |
| Kate Steinle was separated from her family permanently but leftists didn't seem to mind. | |
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| Robertr2000 | Jan 4 2017, 09:17 PM Post #8 |
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I can say in almost absolute certainty that Ayn Rand does not run Sears. |
| "if that **** wins we'll all hang from nooses" | |
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| BuckFan | Jan 4 2017, 09:46 PM Post #9 |
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I've been shopping at Best Buy again. Their prices are competitive with Amazon, I can get immediate satisfaction and try out the electronics before buying. I don't get everything there but they are getting a good 50% of my business including two large TV's I recently bought. Sears needs to learn if it is not too late. |
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| Dr. B | Jan 4 2017, 09:47 PM Post #10 |
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Member since 2004
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Best Buy is a terrible store. What is wrong with you? |
| #BringWilmyBack | |
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| Drudge X | Jan 4 2017, 09:54 PM Post #11 |
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Best Buy, like Starbucks, is where leftists can solace after losing the election. |
| Kate Steinle was separated from her family permanently but leftists didn't seem to mind. | |
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| BuckFan | Jan 4 2017, 10:23 PM Post #12 |
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Why is it terrible? They have become competitive in price. They have created mini-stores within the store for focus on cell phones, Samsung, Apple. They are creating upgraded appliance centers in prosperous suburban markets. I don't know if it will work in the long run but it seems to be working now. I used to get all my cell phones from Verizon. The last three were from Best Buy because they had better deals. So why are they terrible? |
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| clone | Jan 5 2017, 12:25 AM Post #13 |
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Director @ Center for Advanced Memetic Warfare
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One of my entities is in talks to make Best Buy Great Again....they passed a few years ago (multi billion dollar moronic move on their part)....this time after seeing what some other big brands have done.....they recently came back to us to revisit our proposal...like Circuit City was BB is on shaky fundamentals.....2017 is going to be an interesting year.... |
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Only liberals can choose not to go down the road to widespread, systematic violence. | |
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| Mr. Tik | Jan 5 2017, 12:28 AM Post #14 |
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No such claim was made. Ayn Rand never ran a business..period Neither had the majority of Austrian/libertarian economist Von Mises, Rothbard, Von Mises, Hayek, Rockwell, Hoppe...none of them ever ran a business' They were all eggheads theorizing from the cushy bowers of academe. Eddie Lampert used Randian principles to run Sears. Now, Sears is heading for the crapper. |
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You may be a conservative republican..if you are pro life until you get your mistress knocked up | |
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| clone | Jan 5 2017, 12:30 AM Post #15 |
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Director @ Center for Advanced Memetic Warfare
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IOW they had the same resume as Obama....Gruber....Krugman ....etc.... Edited by clone, Jan 5 2017, 12:34 AM.
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Only liberals can choose not to go down the road to widespread, systematic violence. | |
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| Mr. Tik | Jan 5 2017, 01:38 AM Post #16 |
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My point exactly, though I suspect the nuances will go over your head |
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You may be a conservative republican..if you are pro life until you get your mistress knocked up | |
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| Robert Stout | Jan 5 2017, 01:47 AM Post #17 |
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The only solace for leftists is marijuana.....................
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| Jesus can raise the dead, but he can't fix stupid | |
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| estonianman | Jan 5 2017, 02:47 AM Post #18 |
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Neither did Paul Krugman. and I can't off hand name any other alive Keynesian other then government. |
| MEEK AND MILD | |
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| estonianman | Jan 5 2017, 02:48 AM Post #19 |
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Funny how the later understand the business cycle though. |
| MEEK AND MILD | |
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| 70-101 | Jan 5 2017, 04:10 AM Post #20 |
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It's a shame Sears will soon die, all those great brands like Kenmore, Coldspot, Silvertone, JC Higgins, David Bradley farm implements all those great brands that served Americans for over 130 years will soon be gone. Oh well, at least Sears Holdings has lots of valuable property to help pay off creditors. |
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