The bottom line is that the real estate market in the United States will be a slow-moving train wreck for the next two decades. Expect a lot of people to lose a lot of money in real estate as the Baby Boomers’ age. Those who stay out of the real estate market for the foreseeable future – might be playing it smart.
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Highlights of the latest round of the Sears horror show include:
Year-to-Year revenues fell by nearly one third (-31.15%) in 2nd Quarter 2018.
Sears achieved an “operating income” of -$237 million on May 5, 2018.
That gave Sears a net income of -$424 million on the same day.
Sears actually achieved negative a “free cash flow” of $-1 billion on May 5, 2018.
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General Electric’s problems stem from its roots in the Old American economy. That economy is slowly dying and taking companies like GE with it.
Investors will wonder if today’s tech titans like Jeff Bezos and Elon Musk are building bureaucratic empires that are doomed to failure. General Electric started on the cutting-edge of innovation and ended up as mess of red tape, bureaucracy and micromanagement.
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Traditional department stores are dying before our eyes. Shares of JC Penney (NYSE: JCP), the quintessential middle-class retailer were trading
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The suspicion that nobody besides aging Baby Boomers is watching network TV is being provided correct. CBS also has serious problems because it had one only hit; The Amazing Race, and only one scripted show that experienced a ratings increase in the under 50 demographic Mom.
The ratings indicate that CBS is no longer capable of sustaining an audience. Investors will have to ask if CBS is sustainable or viable business. The ratings indicate it might not be.
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Macy’s revenues actually grew for the first time in quite a while in 1st Quarter 2018, Stockrow data indicates.
The revenue growth rate was 1.77% which does little make up for losses, but it is far better than the -6.13% negative growth rate reported in 4th Quarter 2017. That means Macy’s delivered an effective revenue growth rate of 7.9%, which is very good.
The saddest part of the sorry saga of Sears is that nobody but its employees might notice if the brand dies. The customers obviously abandoned Sears long ago, leaving nothing but debt and empty stores behind.
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Like Barnes & Noble (NYSE: BKS), Office Depot is one of those brands that is no longer supposed to exist but somehow keeps hanging on. It seems to generate just enough money to cover expenses and little else.
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The least Christian country is the Czech Republic where 91% of persons aged 16 to 29 identified themselves as “nonreligious,” Europe’s Young Adults and Religion a study by Bullivant indicates. More than eight out of ten; 81% of the same age group in Estonia called themselves non-believers.
There were 12 European countries in which more than 60% of those under 30 identified as nonreligious.
“Christianity as a default, as a norm, is gone, and probably gone for good – or at least for the next 100 years,” Bullivant said.
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This makes Sears and McDonald’s the opposite of value investments, because you will lose money with them. Stay away from Sears and McDonalds they are great American brands doomed by greedy and perhaps incompetent management.
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