I'm an expert on retail store accounting, in addition to being a lawyer. Want to discuss RSH's balance sheet?
RSH assets include leasehold improvements such as paint or carpeting, store fixtures, prepayments, goodwill, signage, etc... Much of which they will have to PAY to dumpster if/when stores are shuttered.
Books probably show many millions in lease rental deposits. They won't get that back if they shut stores early.
Where's the other half of the balance sheet... liabilities? Got a chart of their free cash? RSH can't spend the carpeting or the paint on the walls.
The situation's dire.
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