Gina Hall states on her article, "Sears Holdings Corp. secured $210 million in loans on Thursday in an effort to bolster dwindling sales." |
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| Did you hear that Lampert cover more than $100 million in October to keep Sears and Kmart stores open during the holidays? | |
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| 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. | |
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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." |
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| Have you gotten a chance to exam the Extended DuPont chart Raquel did for the company? | |
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| Actually, I'm looking at it right now and the numbers are not looking good. | |
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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." |
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| 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. | |
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| 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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