Sears 2006 Annual Report Download - page 52

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• trade restrictions, tariffs, and other factors potentially affecting the ability to do business with qualified
vendors and access products in an efficient manner;
• unanticipated increases in paper, postage, printing or fuel costs;
• anticipated cash flow and the ability of the Company to maintain sufficient operating cash flow and
liquidity;
• changes in interest rates;
• the outcome of pending and/or future legal proceedings and bankruptcy claims;
• social and political conditions such as war, political unrest and terrorism or natural disasters;
• the possibility of negative investment returns in pension plans;
• volatility in financial markets;
• changes in debt ratings, credit spreads and cost of funds;
• the terms and availability of debt financing and unexpected difficulties accessing the public debt
markets; and
• general economic conditions and normal business uncertainty.
While the Company believes that its forecasts and assumptions are reasonable, it cautions that actual results
may differ materially. The Company intends the forward-looking statements to speak only as of the time made
and does not undertake to update or revise them as more information becomes available.
52