Sears Canada Inc SRSCQ

Consumer Cyclical Department Stores

Sears Canada Inc. (Sears) is a Canada-based multi-channel retailer company. The Company operates through merchandising segment. Its merchandising operations include the sale of goods and services through its retail channels, which includes its full-line, Sears Home, Hometown, Outlet, Corbeil Electrique Inc. (Corbeil) stores and its direct (catalogue/Internet) channel. Its services include home improvements, such as carpet and duct cleaning, installation and assembly of products purchased at Sears stores, custom window coverings, windows and doors, and heating and cooling; product repair services, such as servicing of items covered under Sears Protection Plan, cash calls, as well as in-warranty service for select Kenmore, Craftsman and national brand products, and protection agreements, such as single or multi-year coverage on appliances, electronics, vacuums, lawn and garden, fitness, and heating, ventilating and air conditioning, and accident protection for furniture and mattresses.

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Sears Canada Inc > $174 million payment from Chase

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Comment by freckledon Nov 30, 2015 8:20pm

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RE:RE:$174 million payment from Chase

The numbers were - $13 million net income for quarter 2. The unusual item for the quarter was a 67 million gain on selling leases. I don't see where you get an operating profit. EBITA was a loss of 27.1 million. Granted, Mr Lambert is always willing to suck more money out of the company, but I don't see where the cash is for another dividend. A half decade ago they were cash rich - now cash is going straight into maintaining operations. And they are quickly running out of things to sell to maintain cash flow. The analysts have given it another year to pull in an operating profit, otherwise the ship is gone.

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