06-27-2008, 04:39 AM
Even if they started today it takes them an average of 18 months to build one from the foundation to opening the doors. Their stock has nose dived to $11.00 a share as of today and even with all the tax incentives, free land, etc.. it will just be a money pit because of the overhead. Non of their stores make a profit. Catalog sales are way down and the only thing thing they have going for them in the black is Citibanks financial services, which is minimal that don't make up for all the losses with minimal gains.
Looking at their capital, ROI, assets, and current expendentures I can't see it happening. The Share holders have lost their butts. Their 52 wk peak was $28 and has crashed to $11. Not very many happy campers with numbers like that.
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Looking at their capital, ROI, assets, and current expendentures I can't see it happening. The Share holders have lost their butts. Their 52 wk peak was $28 and has crashed to $11. Not very many happy campers with numbers like that.
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