Thread regarding Sears layoffs

77 Million sq. ft. of retail closed so far 2018...

Versus the previous record of 108 million in 2017. Folks, it's only April and 2018 is 2/3 of the way to 2017's total. 2018 will be WAAY worse and there's no light at the end of the tunnel for 2019 either, with so many retailer's bonds coming due between now and the end of 2019.

https://www.bloomberg.com/news/articles/2018-04-17/as-toys-r-us-fails-the-retail-real-estate-glut-is-getting-worse

Ignore the troll telling you everything is GREAAT! He's lying and probably has Sears stock and wants to s--- you into buying it too so he can cash out.

by
| 672 views | | 3 replies (last April 18, 2018) | Reply
Post ID: @OP+SKdLGph

3 replies (most recent on top)

So in other words its just harder and harder to keep up folks. We are barely in April and all this has happened we haven't even hit the worse of the worse yet.

by
| | Reply
Post ID: @qhq+SKdLGph

Sorry for the spelling errors in the previous post. This was written on the El this morning on my phone.

by
| | Reply
Post ID: @quf+SKdLGph

I agree with your sentiment. It’s not good out there. I’m also a shareholder,purchased recently. So that’s my motivations.

However l, if you look at the balance sheet under “gain on sales of assets” you can see that sears properties are substantialially different in quality. I’m other words Eddy has been able to sell its properties for a significant sum.

Now that being said he does run huge losses though either syw and all the points they give away or a bloated organization.

He cannot continue to do so for eventually it will run out. The way I see it is the pessimists are in a way right and the optimist in a way are right.

I just wish He pessimists we’re less pessimistic and the optimists were less optimistic.

by
| | Reply
Post ID: @hhn+SKdLGph

Post a reply

: