When sales have declined for 26 quarters in a row, you have got to know that your days are numbered. Once upon a time, Sears was an unbeatable retail powerhouse. It survived two world wars and the Great Depression, but thanks to competition from Amazon and other online retailers it may not even survive 2018. On Thursday, shares of Sears fell to a depressingly low level of just $2.91 once news broke that the company was going to close dozens of more stores. But to be fair, Sears doesn’t have a choice. If you can believe it, Sears lost an astounding 424 million dollars during the first three months of 2018. Frankly, I don’t even know how that is possible. If all their employees did all day was flush one dollar bills down the toilet, I still don’t think that they could lose that kind of money. This is a company that is being horrendously mismanaged, and as I have said so many times before, Sears is ultimately heading to zero. (Read More...)