Sears Holdings Struggles

Don't look now, but Sears Holdings (SHLD) is all the way down to $28.  Things have gotten significantly worse for the struggling retailer in recent weeks.  A week ago, the stock was trading at $50, and in September, the stock was still trading around $100.  Back in April 2007, SHLD traded at a high of $193.  Since then, it has been in a long, steady downtrend.  At the end of the third quarter, SHLD made up 53% of Eddie Lampert's hedge fund equity holdings.

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Comments

[Klutz:]

And what in the recent drop in share price says "things have gotten significantly worse for the struggling retailer"? Not saying it has or hasn't only that there isn't a correlation. The difference between price and value? No? You guys manage money for a living? Really?

2008 Nov 23 03:21 AM