A dollar that is spent on interest can't be spent on fixing the stores. They have to fix the business. |
Canadian Tire is doing brilliantly. Their big new stores are great, and they are delivering fabulous sales and are well laid out. |
I'm surprised he won't be staying on the board. They could have used his expertise going forward. |
It demonstrates just how reliant Sears Canada is now on the merchandising business, because they always had the credit card business to shield the weak portion of the merchandising business. |
It's going to be a competitive segment. |
Once they get into that legal position where they can start forcing conversion, it's pretty much done. |
Sears Canada is selling a prime asset that historically has contributed significant earnings and has reduced the volatility of consolidated earnings. |
The amazing part is how disabled they are and how independent they are, |
The company has done a good job with their big-box stores, but it's also a good example of a retailer that has done it both ways. |
The retail operations have to find a way to make money at some point, and if you've got a $1.7 billion in debt, then you've got to generate some pretty good cash flow to service that debt. |
They don't lose money in the first quarter, even if they might not make as much as they do in the fourth quarter. |
They really know what they want out of life, which is amazing considering the culture they came from, Boulder at that time. |
This is a film of John Chamberlain and his friends on acid, |
We understand the rescue workers were able to stay in contact with the workers. They knew at least they were conscious and stable. |
We, of course, are doing interior aesthetic improvement as need be but that really is planned for the following year. |