Zeev's Turnips Patch-No Politics (ZEEV)

[Train Guy]

Oh man, you guys missed the big news of the day. Screw the Fed news, it's ..... Kmart that has us trying for da moon. <g>

2:17pm 05/06/03
Kmart comes out from under Chapter 11 (KMRTQ) By Jennifer Waters
Kmart Corp. said it came out of bankruptcy protection with $2 billion in financing, very little debt and 600 fewer stores. The discounter is expected to ring up net sales of $25.42 billion in fiscal year 2003, a 17.4 percent decrease from the prior year. But with fewer charges related to restructuring and impairments, as well as a better handle on inventories and no heavy debt payments, Kmart is forecasting a substantially narrower net loss of $286 million -- well below fiscal 2002's projected loss to $3.26 billion.