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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: ChanceIs who wrote (196207)4/14/2009 9:11:43 AM
From: DebtBombRead Replies (1) | Respond to of 306849
 
"Retail sales fall unexpectedly in March" Unexpectedly to who? Where will the money come from? Mars?



To: ChanceIs who wrote (196207)4/14/2009 11:54:21 AM
From: PerspectiveRespond to of 306849
 
So far, doesn't look like the selling's all that serious in M. Perhaps it will be enough to prevent it from vaulting over its 200DSMA, like all the other retailers have done. Then it could work on turning its breakout into a failure. A bear has to love those. Just haven't been many for several months now.

`BC



To: ChanceIs who wrote (196207)4/14/2009 11:56:24 AM
From: PerspectiveRead Replies (1) | Respond to of 306849
 
SAH - Wanna see an ugly balance sheet? How's this for ugly: $2.15B in current liabilities, vs. a TOTAL of $2.0B in tangible assets. Why on earth would anyone lend to this company?

(note press release is old)
finance.yahoo.com

So, what's the stock doing? Going up, of course. This is the kind of foolishness that is unsustainable. Companies like this do not escape the liquidity event horizon...

`BC