- 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.