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Sears Holdings Completes Orchard Supply Spinoff = Avoid

|Includes:Sears Holdings Corporation (SHLD)

Sears Holdings Completes Orchard Supply Spinoff
01.03.2012

 

"Sears Holdings Corp. announced it has completed its
spinoff of its interest in Orchard Supply Hardware Stores Corporation.
Orchard is now independent from Holdings and its Class A Common Stock will begin trading on Jan Jan. 3 on the Nasdaq Capital Market under the ticker symbol "OSH," and Orchard's Series A Preferred Stock will be quoted on the OTCQB. Holdings will continue to be listed on the Nasdaq Global Select Market under the symbol "SHLD."

In my opinion, $SHLD and $OSH should simply be avoided.
Stocks: SHLD