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store closing?

This is a discussion on store closing? within the Canadian Tire 2220 Kingsway, Vancouver Kingsway, BC forum, part of the British Columbia category; Originally Posted by Unregistered they spend over $100 a year just in interest costs crappy tire only had $632 million ...

  1. #11
    Senior Member CT Challenger's Avatar
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    Default Re: store closing?

    Quote Originally Posted by Unregistered View Post
    they spend over $100 a year just in interest costs

    crappy tire only had $632 million in cash at the start of 2011

    that's why they had to borrow so much to buy forzani for $771 million

    sporting goods are discretionary - they better hope they can keep up the cash flow
    That should be "over $100 MILLION a year just in interest costs".

  2. #12
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    Default Re: store closing?

    Quote Originally Posted by Unregistered View Post
    and wishing bankruptcy and 50,000 people out of work is deservingly Canadian? YOu should be ashamed of yourself

    Either way, your dreams will never come true....as I suspect is probably the case with much of your life.
    CT is a cash rich company with tons of assets as well. THey make profit quarter after quarter...in fact I don't even recall the last time there was a loss in the quarter. Probably been 30 years.

    You're just a bitter loser that's all. What happened? you apply to be a dealer and get rejected? lol
    50 000 minimum wage jerks out of a job! Oh boo hoo hoo...that's what you get for not staying in school. They'll be retail losers for ever!

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