So I was reading through the official results listed on the press releases website. As projected, sales continued to fall at both ends of the company. Additionally, I read that the CFO, (sorry I can't remember his name, but check the report if you must know it) is ending his employment with SHC. He is seeking other career opportunities as outlined in the report. My guess is that he is sick of participating in this quarterly bs by saying, "Closing stores is a step that must be taken to restore the company to profitability...," blah, blah, blah four times a year. He did state that he would remain in his position until a replacement is found. His impending departure says only one thing to me; he finally realized that the Titanic has struck the iceberg & it is only a matter of time before the icy water weighs down the struggling vessel. Also, there was not one mention of any additional locations being liquidated. Are they trying to lay low from the media since they have already announced 100+ locations closing so far this year? Is closing stores just something that should be expected every quarter? The latter sounds like the more accurate answer to me. I foresee additional closings coming soon. The writing is on the wall, it is time to either be profitable or shut it down. It can't go on like this. Finally, I read that they may be considering selling off Kenmore & other important assets that are barely keeping SHC alive as we speak. I'm convinced that Eddie is just gonna bleed this thing dry until there is no more life left in it. It's a slow & painful end, but if he sells the last of what the company has left, it won't be too much longer.
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