Wed March 22, 2017
Accounting reports assume a company will remain in business. If it appears the company is not generating enough cash to meet expenses, a going concern
statement is issued with the report. We have followed the downward spiral of Sears Holdings SHLD for some time now.
Yesterday SHLD issued a going concern statement, so the end will probably come for what was once the world's largest retailer in the next 12 months.
So much for Eddie Lampert's boy genius status.