If you look at the current and recent past balance sheet of Sears Holdings, you will see nasty, nasty things. Pretty much every qualitative and quantitative value that is treasured on this site is found lacking when applied to Sears.
The company is currently selling as much as it did in 2005, while generating only about a quarter of the cash flow that it did almost a decade ago. After making $1.4 billion in net profit for shareholders in 2006, the company fell into the abyss—losing $500 million in total for shareholders in 2011, $200 million in 2012, and $700 million in 2013. Estimates for 2014 seem to indicate that this will be … Read the rest of this article!