Entering text into the input field will update the search result below

Sears -15% after 'going concern' warning

Mar. 22, 2017 11:56 AM ETSears Holdings Corp. (SHLDQ) StockHD, SHLDQ, LOW, SRGBy: Stephen Alpher, SA News Editor43 Comments
  • 15% decline in the price of Sears Holdings (SHLD) as well as big drops in a number of mall REITs suggests Sears' "going concern" warning in its 10-K was at least somewhat of a surprise (though one might have expected otherwise).
  • Also lower is Seritage Holdings (SRG -1.7%), for whom Sears is its top tenant.
  • Credit Suisse's Seth Sigman looks for winners, and finds two in Home Depot (HD +0.6%) and Lowe's (LOW +0.8%). Sears, he notes, still has 15-20% of the appliance market and 10-15% of the tool market. Continued declines in sales at Sears could contribute 50 basis points or more to comps at HD and LOW.

Recommended For You

Related Stocks

SymbolLast Price% Chg
SHLDQ--
Sears Holdings Corp.