GREY:SRSCQ - Post by User
Comment by
freckledon Mar 12, 2017 8:42am
134 Views
Post# 25969067
RE:Sears canada will not go bankrupt even if sears usa. may!!!
RE:Sears canada will not go bankrupt even if sears usa. may!!!
Sales drop 10% year after year. Lambert has stopped trying to yank money out of the company a couple years back, and has pretty much walked away from the whole thing.
However, the whole passion behind the company is long gone. Merely caretakers and cost counters. Sears Canada is not quite in the position as Sears Holdings because they had a lot more wealth built up in assets.
However, regardless of their position - without positive net income the future looks bleak. Penny stock by the end of the year. Hit a new low recently of $1.62, and just keeps on spiraling.