Brian Hamilton
Brian Hamilton
cash company current expectation investing latitude operating tough ways
As an investing company, you have a lot of latitude in ways to make money, but Sears is an operating company. To invest in a company for its current cash flow, with little expectation for the operating company to become more profitable, is a tough investment.
accounts businesses coming crushed door fail front good miles money per
If the money is coming in the front door at 100 miles per hour, and going out the back door at 110 miles per hour, that's not a good thing. Businesses don't fail because they are unprofitable; they fail because they get crushed on the accounts receivable side.
accounts business clients lose overstate owners people stringent understand
Business owners overstate the constraints. People don't understand that they are not going to lose clients over a stringent accounts receivable policy.
bill clash context fact given might philosophy stated taking type unusual
It's not that unusual in the context of Bill Wrigley taking over where there might be some unanticipated personality clash. Given the fact that there's no stated explanation, there might be some type of clash in philosophy or idea about strategy. It's a little sudden, for sure.