The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label vendors. Show all posts
Showing posts with label vendors. Show all posts

Thursday, January 12, 2012

Sears new brand: stock shorting and dissolving locations

Sears holdings received another death knell blow this morning when Cit Group made the decision to stop financing loans to suppliers, which are a vital part of their payables accounting practice.

And here, as there, we expect shorting to death to commence in 5...4...3..." Subsequently, when the company was downgraded to triple hooks S&P we said that "Accounts Receivable about to become one big perpetition charge off", the implication naturally being that the company is about to lose its vendor financing - which for retailers is the last step before outright default. Sure enough, the WSJ reports that this is precisely what happened. "Struggling Sears Holdings Corp. suffered another setback when a large lender said it would no longer finance loans to suppliers awaiting payment from the company. - Zerohedge

For those who can remember, something similar took place between General Motors, and one of their primary distributors Delphi just before the automobile's bankruptcy.