Thread regarding Sears layoffs

"Sears can be saved!"

It seems some here have a lack of fundamental understanding of math, economics, and finance, so let me relate Sears' circumstances to you in terms even a 4 year old can understand.

You make 40K per year at your job, but are told by your boss they company has to reduce your income by 5K every year for the foreseeable future.

You owe 5 million to the bank, with quarterly payments of 25K and every year or so a big payment must be made(bond maturity)of over 500K.

The only way you've been able to even stay afloat until now is by selling off assets you inherited, but now they're all gone and you have nothing left to sell, so you will have to make these payments from your salary, which barely covers your living expenses.

So, this year with 2 months left, and around 6K in income you will receive, you must find a way to come up with an extra 50K or declare bankruptcy. In 2019, it gets much, much worse.

Sears would need to increase their sales around ten fold to even consider having a chance at survival, which even the most blind and delusional cheerleader knows will not happen.

The ignorant and uninformed employs magical thinking in their belief sears can be saved, but here I have employed math, and logic. Two concepts these people are unfamiliar with.

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| 1171 views | | 4 replies (last October 27, 2018) | Reply
Post ID: @OP+VQWjQxK

4 replies (most recent on top)

The only piece of equation you are failing to point out - is that the rent/interest payments are going directly into Eddies pocket.

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Post ID: @wrx+VQWjQxK

Agree ! corporate has some freaks on the site posting ridiculous cheerleader posts , they are funny to read . the employees asking for guidance are not adults making adult decisions for themselves . Management loves people like that because they will stay on until they are told to leave . the job market is good right now , go get a real job with a good atmosphere were you are treated respectfully before the job market is flooded with ignorant people lining up for unemployment and jobs that were taken already by intelligent individuals .

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Post ID: @njq+VQWjQxK

Thank you for injecting some actual logic. This is pretty much what is going with Sears/Kmart and yet people don't seem to get it. As you stated, the only way you can save these companies is to hike up the prices on EVERYTHING. And of course that will not work so really, there isn't any sort of solution they can do other than to just fold up.

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Post ID: @lsa+VQWjQxK

Logic will not help with the cheerleader, her checks are not bouncing yet

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Post ID: @djv+VQWjQxK

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