Wed, Jan. 7, 9:48 AM
- Department store stocks are getting a good lift from the J.C. Penney holiday sales report.
- Advancers: Macy's (NYSE:M) +2.5%, Nordstrom (NYSE:JWN) +2.5%, Sears Holdings (NASDAQ:SHLD) +2.5%, Kohl's (NYSE:KSS) +3.0%, Dillard's (NYSE:DDS) +2.5%, Bon-Ton Stores (NASDAQ:BONT) +1.6%.
- Previously: Sonic and J.C. Penney add to $2-gas lift in retail theory
Nov. 10, 2014, 1:48 PM| 3 Comments
Nov. 7, 2014, 12:52 PM
Nov. 7, 2014, 9:14 AM
- Gainers: MITK +29%. RMTI +27%. RPRX +24%. SHLD +22%. CNET +15%. NETE +11%. PGNX +10%. ZNGA +9%. APT +9%. KING +9%. KING +9%. KGC +8%. TKMR +7%. AGIO +7%. BEBE +5%.
- Losers: SLXP -35%. MDRX -20%. CTIC -19%. ICPT -19%. UBNT -17%. ANF -13%. ANET -11%. ORBC -10%. AVNR -7%. FSLR -7%. PLNR -6%. NDLS -6%. RIG -5%. DVA -5%. NADL -5%.
Nov. 7, 2014, 7:34 AM
- Releasing preliminary Q3 results this morning, Sears Holdings (NASDAQ:SHLD) is "actively exploring" a major sale-leaseback deal for 200-300 of its stores in which they would be sold to a newly formed REIT. "The company would realize substantial proceeds from such sale, which would further enhance its liquidity."
- It's expected current owners would be issued rights to purchase stakes in the REIT.
- As for operations, domestic adjusted EBITDA is expected to be a loss of $275M-$325M, similar to a year ago, but a sizable improvement from Q's 1 and 2. "We believe this change in trend is a positive development that we currently expect to continue into the fourth quarter."
- Comp store sales fell just 0.1% (up 0.5% at Kmart, down 0.7% at Sears domestic).
- SEC Form 8-K
- Shares +16.3% premarket
Nov. 3, 2014, 9:29 AM
Nov. 3, 2014, 9:13 AM
Oct. 24, 2014, 10:43 AM| 5 Comments
Oct. 23, 2014, 1:18 PM
- Sears Holdings (NASDAQ:SHLD) disputes the list of store closings that SA contributor Mitch Nolen deduced from culling individual liquidation sale notices sent to local media outlets.
- A spokesperson didn't offer a specific number of store closings for the retail chain, saying an official store count will be included when Q3 results are posted in November.
- Shares of Sears are up over 4.6% on the day.
Oct. 20, 2014, 12:50 PM
Oct. 8, 2014, 12:43 PM
- Sears Holdings (SHLD -13%) says it isn't seeing any material interruption in the flow of goods into the company.
- The retailer also notes it has it still has "significant" financial flexibility.
- Shares of SHLD went into a dive earlier off of a report that a vendor was planning to halt shipments.
- Blog post from Sears Holdings
Oct. 8, 2014, 10:37 AM
- Shares of Sears Holdings (SHLD -10.1%) dive after reports crop up that three separate insurance firms want to reduce coverage and at least one vendor is planning on halting shipments.
- ISI Group analyst Matt McGinley isn't building a bull case on the company: "They’ve been burning furniture to stay warm."
- Trading volume is very heavy on SHLD.
Sep. 18, 2014, 12:20 PM
- The bull argument of Sears Holdings (SHLD -2.7%) having access to its real estate took a major blow with the $400M loan backed by Eddie Lampert, and secured with 25 locations, says Credit Suisse's Gary Balter, reiterating his Underperform rating and $20 price target.
- "All of a sudden, as a vendor, one has to ask if cash flow is that tight that ESL needs to lend the money," says Balter. "And why is it taking first dibs on so-called valuable real estate if that was what the vendors had counted on if things further deteriorate?"
- Balter isn't sure Sears' asset value is greater than the stock price, but he is sure this is not the case if shareholders can't get at those assets. If the assets are worth as much as the bulls say, the best move is to liquidate now as operations are taking more than $10 per share in value away every year.
- Previously: Sears Holdings lower after Lampert cash infusion
Sep. 16, 2014, 3:19 PM
- 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.
Aug. 21, 2014, 1:11 PM
Aug. 21, 2014, 6:57 AM| 5 Comments
SHLD vs. ETF Alternatives
Other News & PR