Wednesday Oct 10, 2018
Sears has employed a firm specializing in bankruptcies.
The article is a textbook lesson in why the cash flow statement is the most important. Sears has simply failed to generate cash to re pay debt and fund operations.
We have written about this for some time noting Eddie Lampert is no retailer. It is ironic that the firm which created catalog shopping in teh 1890s, now on line shopping via electronic catalogs, is going under.
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