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52-week low for Sears Holdings after Lampert loan

Sep. 16, 2014 3:19 PM ETSears Holdings Corp. (SHLDQ) StockSHLDQBy: Clark Schultz, SA News Editor24 Comments
  • Sears Holdings (SHLD -9.1%) grabbed hold of $400M in cash last night when it secured a short-term loan from Eddie Lampert, but the stock has lost roughly $320M in market cap today as some investors were left with an uneasy feeling over the real estate pledged to back the Lampert loan.
  • Though the cash was needed to buy inventory for the holiday shopping season, skeptics are focused on the additional risk of seeing Sears assets dumped at below-market prices.
  • Shares of SHLD carved out a new 52-week low of $30.16 earlier.

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