Skip navigation

John Chuckman

COMMENT ON THE IDEA OF WHY SEARS IS FAILING

 

It has nothing to do with “blood-sucking.”

It’s just poor, unimaginative management.

Buying your own shares is just proof that the management does not know what to do, what to invest in, so they buy their shares and boost the price of their shares – something which temporarily hides management’s lack of drive and competence.

This is just one example of why the stock market, over the short term, is not indicative of economic health.

Just as great tycoon families generally go into decline by the third generation, just so once-great companies.

Sears in the 1910s and 20s was a miracle. It’s hasn’t shown a spark of originality since the 1960s.

Advertisements
%d bloggers like this: