Moral bankruptcy may be one of the quickest preludes to Chapter 11.
We knew “free money would inevitably end”: CEO Jackson. “Affordability would become an issue – particularly around new vehicles.”
Bankruptcy can only restructure debts; it cannot revive mutilated brands and bring back mauled customers.
“Don’t write any more blog posts to blame pensioners for the collapse of Sears Holding after you wasted $5.8 billion on share buybacks.”
Defying my dictum that nothing goes to hell in a straight line.
OMG! Another laugh-out-loud, gut-buster of an investor call. Come on guys, you’ve gotta stop it.
Lowe’s finally seems to get the brick-and-mortar meltdown.
Even brick-and-mortar sales at our hero-of-the-day Nordstrom actually fell!
This is so thick it’s hard to believe. It’s far beyond just a Brick & Mortar Meltdown.
It owns 33% of the internet “cloud,” 49% of US e-commerce, and is elbowing into other sectors.