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The Closing Bell: U .S. Stocks Drop On ECB Stimulus Plans As Energy Slumps
SHLD as we know it - I think - will probably not last another year (and maybe that's even being generous.) SHLD is no Berkshire, SHLD is Eddie Lampert's master class on how financial engineering can be ruinous.
Added to BPY after the Qatar Investment Authority (Qatar's sovereign wealth fund) effectively bought 9% of it.
SHLD is accelerating their closing of stores. While they are trying to put on as much lipstick as possible on this pig, the obvious fact is they are at the end of the game. They had to borrow in order to purchase Christmas stock and the first weekend shows that nobody was buying it anyway.
Comments
A lot of energy looks cheap.
A see SHLD had yet another bad day...
http://seekingalpha.com/article/2729985-photos-empty-shelves-at-sears-and-kmart-as-vendors-get-squeezed
Added to BPY after the Qatar Investment Authority (Qatar's sovereign wealth fund) effectively bought 9% of it.
http://m.ctpost.com/local/article/Sears-still-mum-on-closures-to-come-5936399.php