Thread regarding Sears layoffs

SHC did not make a profit

This was posted by @RK8gkMr-2owy. Thought it belonged to the front for all the kids in the back who don't understand how tax breaks work with companies as broke as SHC.

SHC did not make a profit!!! What they got was a non-cash tax break from the Trump tax bill. This means that they are just as broke today as they were yesterday. All they can say is that with the tax break number they lost less than they would have. They still lost money and lost YoY sales.

Getting a non-cash tax break is not a turn around. No more cash than they had yersterday. Less sales and less revenue is not a way to profitability.

by Anonymous
| 1348 views | | 7 replies (last February 21, 2018) | Reply
Post ID: @OP+RPCswHO
Comment! It's anonymous!

7 replies (most recent on top)

They did to turn a profit....even in the face of year over year declines in stores. Pebble says so and that means it has to be true.

by Anonymous
| | Reply
Post ID: @1wxt+RPCswHO

Taxes can be on real estate, payroll, inventory, unemployement etc. Also, SHC's years runs from Feb to January not January to Dec. So 2018 taxbreaks are for 1 month on last fiscal year

by Anonymous
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Post ID: @hdw+RPCswHO

@bex - never could wrap my head around that one. Someone shouldn't be getting a refund if they haven't overpaid their taxes, plain and simple. It is only proof that the government gives to someone that it has taken from another.

If I ran the country the entire IRS and would be sitting in prison.

by Anonymous
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Post ID: @sxu+RPCswHO

I suppose it is similar to the low wage individuals (usually with numerous children) who receive far more in tax refunds than they ever paid in. Our country just loves to splash around money it doesn't have, and sticks it to the middle class.

by Anonymous
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Post ID: @bex+RPCswHO

How can SHLD have a non-cash tax break of more than 400 millions when SHLD never made a profit in 2017 ?

Only losses, I don't understand how Sears can benefit from the tax reform...

by Anonymous
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Post ID: @fih+RPCswHO

They are not filing 2018 taxes. They are filing for 2017. The tax break they "claim" is from the Obama administration.

by Anonymous
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Post ID: @jox+RPCswHO

Spot on and simply put. There is no coming back from a 7 BILLION dollar loss in 5 years.

by Anonymous
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Post ID: @jbk+RPCswHO

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