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To: GST who wrote (139451)2/17/2002 7:50:19 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
"At there current rate of losses and the running down of their cash, minus the convertible, it looks like they can continue to fund their operations for a little over two more years."

GST,

I thought I would throw my two cents in. Cash burn average for the prior 18 months only will permit them to operate for 15 more months without tapping the capital markets. I do not know if burn will slow, increase, stay the same etc.

I just bought some JCP and some S for my IRA. Sears just needs a re-bound in durable goods sales to move strongly but I have no clue when that will happen. I can wait.

Retail jewelry sales were extremely strong particularly for finished gold product for Valentine's Day.