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Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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Bullboard - Stock Discussion Forum 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... see more

GREY:SRSCQ - Post Discussion

Sears Canada Inc > $174 million payment from Chase
View:
Post by frugal18 on Nov 24, 2015 1:46pm

$174 million payment from Chase

https://www.stockhouse.com/news/press-releases/2015/11/24/sears-canada-receives-payment-from-jpmorgan-chase
Comment by extremerisk on Nov 25, 2015 4:24pm
They are building cash. With all these announcements plus last qtr cash of 208 plus quarter cash flow Puts you close to $600 million or $6 a share. There is more stuff to sell. I smell a $5 dividend again. Last one in 2013 and Lampert likes the cash. Business is actually not too bad. If you take out all one time items in last q report like impairment provisions they mad operating income vs loss ...more  
Comment by freckled on Nov 30, 2015 8:20pm
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 ...more  
Comment by extremerisk on Dec 01, 2015 5:06am
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 ...more  
Sears Canada Inc