This is what happens when there is no culture of innovation, a slow death slide. This is the MONTHLY chart of Sears -- who at one time was the nation's largest retailer during my grandparents generation.
Now they are forced to sell off their primary assets to buy more time to try to stay on life support.
$SHLD never recovered from their May 2007 high, 10 years later, stock is down almost 96%... ouch!
Revenue: 23.39B
Net Income: -2.194B
Book value: -31.59 (that's less than zero)
Now they are forced to sell off their primary assets to buy more time to try to stay on life support.
$SHLD never recovered from their May 2007 high, 10 years later, stock is down almost 96%... ouch!
Revenue: 23.39B
Net Income: -2.194B
Book value: -31.59 (that's less than zero)