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Sears Canada Inc SRSCQ

Sears Canada Inc. is a Canada-based independent Canadian digital and store-based retailer and technology company.


GREY:SRSCQ - Post by User

Comment by freckledon Nov 30, 2015 8:20pm
75 Views
Post# 24340729

RE:RE:$174 million payment from Chase

RE:RE:$174 million payment from ChaseThe 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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