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Sears secures more loans from CEO by RHV_FIN003 on 02-27-2018
Gina Hall states on her article, "Sears Holdings Corp. secured $210 million in loans on Thursday in an effort to bolster dwindling sales."
Did you hear that Lampert cover more than $100 million in October to keep Sears and Kmart stores open during the holidays?
Yes. Unfortunately, I don't bring good news for this meeting. However, with the information I gathered in my Extended DuPont chart we will have a clear view of where we are having trouble.
Hall also mentions, "Lampert is a hedge fund manager and Sears' biggest investor. As CEO he has promised to reduce the company's debt and pension obligations."
Have you gotten a chance to exam the Extended DuPont chart Raquel did for the company?
Actually, I'm looking at it right now and the numbers are not looking good.
Hall later states in her article, " Last March, the company said in its annual report filing that it had "substanial doubt" that it could continue to operate."
We need to cut our total cost. As you can see on the Extended DuPont chart, our net income is negative giving us a negative of 10.03 profit margin.
Yes, I've been reviewing the numbers and our ROA is negative 23.77. Hopefully, with the new plans of reducing $200 million in costs and the $100 million we raised will bring positive numbers for 2018.
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