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 extremeriskon Dec 01, 2015 5:06am

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RE:RE:RE:$174 million payment from Chase

Whenever you see a line in financial statements with 6 or more footnotes beside it you know they are throwing expenses at it. Called kitchen sink acctg. Write off as much as you can. That is what happened last quarter to the selling admin general expense line. Read each note and determine whether those are recurring or one time expenses. Most are one time. 'they also wrote off inventory at cost of goods line. That is one time also. You don't normally write off inventory in this quarter. Adjusting fot these items produces an operating profit. Vaughan warehouse cash comes in early in 2016. Other cash coming in now. Getting close to $600 million with no debt. Pension is not a debt. Once interest head back to 1 percent or more this debt goes away. Finally if walmart bay or amazon buys a pair of pants from Bangladesh I suspect they pay roughly same price and sell it for roughly same price. With no Target/Zellers their is room for Sears and I see no demise coming.

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