Sears is still kicking the can down the road with asset sales and debt measures

Sears Holdings Corp.’s second-quarter earnings were released Thursday and once again heavily emphasized the measures the company and its hedge-fund-manager owner and chief executive, Eddie Lampert, have taken to boost liquidity and keep the venerable business afloat.

That’s hardly surprising after the company spooked investors earlier this year by including “going concern” language in its 2016 annual report. Sears SHLD, -0.35% has been shuttering stores, selling assets and engaging in numerous transactions with its real estate and brands in a battle to stay in business.

Read: Why Sears, but not its auditor, gave a going-concern warning

“Sears’ earnings are relatively consistent — and not in a good way,” said Philip Emma, senior credit and retail analyst at Debtwire.

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