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Post# of 37346
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bar1080

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bar1080

Re: ChrisJP post# 1248

Thursday, 05/25/2017 11:35:29 PM

Thursday, May 25, 2017 11:35:29 PM

Post# of 37346
"Everyone is missing a critical point about Sears' first quarter profit"

" traders appear to be overlooking one key point: the profit was the result of the sale of Sears' Craftsman brand, and the retailers' core business is showing no signs of rebounding."

"Back out the sale, and Sears losses deepened. The company said it would've reported a loss of $230 million, or $2.15 per share, for the quarter, compared to a loss of $199 million, or $1.86 per share, one year ago."

https://finance.yahoo.com/news/sears-first-quarter-profit-isnt-140236142.html

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