from The Burning Platform:
Part one is complete. Sears announces that their sales plummeted by 7.4% in the fourth quarter and their margins were atrocious. They lost $300 million in one quarter and their YTD loss will be $1.4 BILLION.
Part two will come in a few weeks when they announce the closing of 50 to 100 stores as they “reposition” the company for long term growth. Hysterical.
The stock plunged by 13% on this fantastic result. It is now 70% below its 2010 high. Wall Street shysters have told you to buy it the whole way down. They’ll tell you it is a buy tomorrow.
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