Within the past 24 hours, they've opened a number of different options that weren't available 24 hours ago. They could reemerge as a smaller, more competitive company with stable cash flow. If I were Wal-Mart, I would be more concerned now than if Kmart hadn't filed.
More Quotes from Wayne Hood:
We believe potentially disappointing 2005 fourth quarter results, the prospects of a potential downward revision to 2006 First Call consensus estimates of 2.85 per share and slower square footage growth over the next five years are now reflected in the stock.Wayne Hood
In our opinion, the next six months represent a critical time for Kmart, and we would not be surprised if the company were to file Chapter 11 bankruptcy if trends do not improve.
Wayne Hood
The departure could not have come at a more inopportune time.
Wayne Hood
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After all, science is essentially international, and it is only through lack of the historical sense that national qualities have been attributed to it.
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