|Bid||1.310 x 3000|
|Ask||1.320 x 3000|
|Day's Range||1.270 - 1.440|
|52 Week Range||1.270 - 9.630|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 22, 2018 - Aug 27, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.00|
Lampert's ESL hedge fund is interested in buying the Kenmore brand and Sears' home-improvement business for nearly $500 million. But that's not enough cash to keep Sears Holdings alive for very long.
Sears shares hit a new all-time low of $1.27. Earlier in the week, Sears CEO Eddie Lampert's hedge fund, ESL Investments, said it would buy the Kenmore brand from Sears for $400 million in cash, should it secure additional financing. Sears' stock has fallen 84 percent over the past 12 months, bringing the retailer's market cap to about $144 million.
Shares of Sears Holdings skidded to a record low Friday after the company disclosed earlier in the week that a hedge fund owned by CEO Eddie Lampert offered to buy the troubled retailer's Kenmore appliance division for $400 million.
Of course you wince whenever the phone rings. It's probably a machine, and there's a good chance it's trying to scam you.
NEW YORK, NY / ACCESSWIRE / August 16, 2018 / Sears Holdings fell hard after CEO Eddie Lampert and his hedge fund ELS revealed it wants to buy the Kenmore brand for $400 million and the Home Services division ...
On August 14, Sears Holdings’ (SHLD) special committee received an offer from ESL Investments to buy the Kenmore brand for $400 million and its Sears Home Improvement Products business for another $70 million, according to an SEC filing. Sears Home Improvement Products belong to Sears Home Services division. Sears stock was up 2.2% on August 14.
Macy's M – The retailer earned an adjusted 70 cents per share for the second quarter, topping estimates, with revenue also beating forecasts. Comparable sales posted an unexpected rise of 0.5 percent, compared to forecasts of a 0.
Asia Down, Rupee Crushed, Bitcoin Up Asian stocks are down this morning, with Japan, China, and Hong Kong all participating in the pullback. Japan’s Nikkei (NYSEARCA:EWJ) is down close to 1%, Hong Kong’s Hang Seng (NYSEARCA:EWH) is down 1.8%, and China (NASDAQ:MCHI) is down 1.6%. The Chinese Yuan (CNY=X) hit the 6.9 level this morning, […] The post Market Morning: Asia Down, India Pummeled, Sears on Death Bed, Turkey Shoots Self In Foot appeared first on Market Exclusive.
Edward Lampert, the chief executive of Sears Holdings Corp., has offered to buy the company’s Kenmore brand for $400 million in cash, according to a letter Mr. Lampert sent to Sears’s board. The offer, from Mr. Lampert’s hedge fund, ESL Investments, is contingent on obtaining equity financing from an unnamed potential partner, according to the letter. ESL also proposed buying the home-improvement business of the Sears Home Services division for as much as $80 million.
The multinational department store conglomerate has underperformed for the past several years, but new CEO Helena Foulkes is quickly whipping the company into shape.
Amazon (AMZN) recently collaborated with car maintenance chain Monro (MNRO) to offer tire installation services to its customers. The partnership with Monro came about a month after Amazon and Sears (SHLD) expanded their tire services deal.
What Lies Ahead for Simon Property in the Second Half of 2018? In its second-quarter 2018 earnings conference call, Simon Property (SPG) stated that it will continue investing in the redevelopment and expansion of its properties. Notably, the company has spent ~$5 billion on development projects over the last five years.
Most of Seritage's key financial metrics deteriorated last quarter. However, leasing activity accelerated and asset sales covered the Sears spinoff's redevelopment spending.
Many Sears Canada retirees found it hard to take this week when they got their first reduced pension payment — chopped by 30 per cent. "It's terrible," said Ron Husk of Mount Pearl, N.L., who worked for Sears for 35 years. When Sears shut its doors in January, it left behind an underfunded pension plan that serves about 18,000 retirees.
Chad Irving opened his Sears carpet-cleaning and garage-door-repair franchises in 2014, hoping to one day make it a family business. Mr. Irving originally invested about $200,000 into the two franchises in San Antonio.
Corp. provided a payday for the retailer’s CEO as he extends credit to keep Sears running and mulls potential asset deals. Seritage also paid back $1.1 billion in debt to JPMorgan Chase & Co. and H/2 Capital Partners.
It's time for Sears Canada's board of directors to disband and stop racking up costs, according to the law firm representing the defunct retailer's former employees, which will argue for the board's removal in Ontario Supreme Court on Aug. 27. Although Sears closed its final stores in January, its four directors remain on the job. It also suggests money going to the board could instead go to people still owed money by Sears, such as laid-off workers who didn't get severance.
Seritage says it already used part of the money to repay an outstanding mortgage loan and unsecured term loan.