|Bid||0.0000 x 1000|
|Ask||0.0000 x 1000|
|Day's Range||0.3500 - 0.4210|
|52 Week Range||0.3500 - 0.4210|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
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Last week, Senators Chuck Schumer and Bernie Sanders published an op-ed in The New York Times in which they blasted stock buybacks. Yahoo Finance's Editor-in-Chief joins The Final Round to discuss.
Rating Action: Moody's affirms five classes of WFCM 2015- C27. Global Credit Research- 15 Feb 2019. Approximately $762.9 million of structured securities affected.
Sears Holdings Corp will sell or sublease some of the 425 stores of the retail chain and open smaller stores with more focus on tools and appliances than on apparel, said Chairman Edward Lampert in an interview with the Wall Street Journal. A U.S. bankruptcy judge approved Lampert's hedge fund ESL investments Inc's $5.2 billion takeover of the troubled retailer last week, allowing the department store chain to avert liquidation and preserve tens of thousands of jobs. "It would be very difficult to keep all 425 stores open," Lampert said in the interview, adding that a few stores have already been closed and would probably be sold soon.
Rating Action: Moody's affirms eight and downgrades three classes of JPMCC 2013- LC11. Global Credit Research- 08 Feb 2019. Approximately $951 million of structured securities affected.
A U.S. bankruptcy judge on Thursday approved Sears Holdings Corp Chairman Edward Lampert's $5.2 billion takeover of the beleaguered retailer, allowing the department store chain to avert liquidation and preserve tens of thousands of jobs. Judge Robert Drain approved the sale after a hearing spanning several days in a White Plains, N.Y., federal bankruptcy court. Lampert, who arranged an $11 billion merger between Sears and discounter Kmart in 2005 and tried for years to boost business, wins another chance to try to revive what once was the biggest U.S. retailer.
Learn about companies that Amazon competes with — including Google, Alibaba Group, Walmart and Target — in each of its different revenue segments.
U.S. Bankruptcy Judge Robert Drain said on Monday he would rule on the sale to Lampert's ESL Investments Inc later this week after hearings that were likely to run into Thursday. A lawyer for Sears Holdings Corp told the court he was hoping the deal would close on Friday, clearing the way for Sears to end its four-month stint in Chapter 11 bankruptcy and begin its new life as a private company controlled by Lampert.
[Editor's note: This story was originally published February 2018.] Even after all the tough breaks the market had in December, the recent turnaround suggests maybe things weren't as dire as they looked. Still there are some companies that could disappear before this year is out. The sad reality is, some companies are too far gone to salvage no matter how well the economy performs in 2019. Profit margins aren't necessarily the problem with a lot of these companies. The problem could be the product or service itself or a horrible reputation that would-be customers just can't shrug off. InvestorPlace - Stock Market News, Stock Advice & Trading Tips With that as the backdrop, here are the eight major companies most likely to pull a vanishing act in 2019. These are companies that could disappear either completely or just in their current form. Their brand names may survive, but the operations themselves simply aren't viable enough. * 7 Stocks That Won Super Bowl Sunday Source: GoPro ### GoPro (GPRO) Just to be clear, you'll likely find GoPro-branded action cameras on store shelves for many years to come. In the same sense Xerox and Google transcended company names and became verbs, GoPro (NASDAQ:GPRO) has successfully become synonymous with action cameras. GoPro is and will remain the standard-bearer for its respective market. That market, however, has been surprisingly small, with no real barrier to entry. The end result? Last year's earnings were abysmal and revenue was flat for the full year. The company is still booking heavy losses too, unable to find or develop a product more consumers just have to have. Even though CEO Nick Woodman held out hope for a buyout of GoPro last year, nobody bit. And at this point it doesn't looks as if anyone will soon. GoPro owners hoping for a generous buyout offer may not want to hold their breath. Source: Shutterstock ### Container Store Group (TCS) The Container Store (NYSE:TCS) still operates more than 80 stores in the U.S. albeit it with much less visibility than it enjoyed several years ago (the last time organization was all the rage). Between cheaper options online and the move from venues like Bed Bath & Beyond (NASDAQ:BBBY) and home improvement retailers like Home Depot (NYSE:HD) to get deeper into the organizational market, The Container Stores simply became less of a draw. * 10 F-Rated Stocks That Could Break Your Portfolio Even though The Container Store got a 50% bounce in January allegedly thanks to the Marie Kondo show, the marketplace isn't going to change back to what it once was. CEO Melissa Reiff should recognize it's better to cash out when there's still something of value left cash out. ### Neiman Marcus Neiman Marcus is not a publicly-traded company, but a noteworthy name to investors all the same. The struggles that the department store chain faces are applicable to other similar chains. Last year CreditRiskMonitor warned that Neiman Marcus' risk of declaring bankruptcy in 2019 was as high as 50%. Over the last two weeks the company seems to be attempting to mount a turnaround with the departure of president and marketing director James Gold and hiring talent away from Apple (NASDAQ: AAPL) and Starboard Cruise Services. But whether these moves can save this company is debatable. The math just doesn't work unless the company can sell more merchandise to more customers at higher prices. Something's got to give sooner or later, and sooner rather than later. Source: Shutterstock ### Immunomedics (IMMU) Investors who've been following the Immunomedics (NASDAQ:IMMU) story for the past several years will know that 2017 was a pivotal year for the company. Sales last year of its oncology diagnostics product LeukoScan were brisk but the FDA denied its request to accelerate approval of Sacituzumab Govitecan. Moreover, aside from the sale of its revenue-bearing LeukoScan intellectual property, it already has sold royalty rights for Sacituzumab Govitecan to Royalty Pharma. * 7 S&P 500 Stocks to Buy That Tore Up Earnings If you read between the lines and study the long-term case, you see that Immunomedics realizes it's running out of money at a pretty quick clip. In fact, the company intends to sell its LeukoScan franchise to help fund the development of the more promising opportunities in that pipeline. There's just not enough money coming in to carry all the weight the company needs carried. Source: Shutterstock ### Remington Remington is another privately-held company that investors may want to keep close tabs on, as what's happening to it could apply to rivals like Sturm Ruger & Company Inc (NYSE:RGR). The firearm manufacturer just barely was able to emerge from bankruptcy. This may be a case, however, where restructuring and more time don't solve the true, underlying problem. That is that consumers just don't want the guns Remington is making. Remington was sued over the 2012 Sandy Hook shooting, and many investors have distanced themselves since. This, along with potential for stricter gun laws in the foreseeable future, means there may not be any growth in Remington's futures. Source: Shutterstock ### Sears (SHLD) The company's downfall has been predicted many times before. With each passing year, however, Sears (NASDAQ:SHLD) moves closer to the edge of the cliff. This year may be the year it finally falls off. It recently escaped liquidation by the skin of its teeth when hedge-fund manager Edward Lampert put up $5.3 billion to keep Sears solvent, for now. But the thing is, Sears hasn't turned a full-year profit since 2011. Lampert spent last year breaking Sears into pieces and he's running out of things to sell as the company continues bleeding income. Source: Shutterstock ### Southeastern Grocers You've probably not heard of Southeastern Grocers. That's because, aside from not being a publicly-traded entity, it doesn't do business under its corporate name. You've probably heard of its stores though, particularly if you're from the south. It's the owner of BI-LO, Harveys, Winn-Dixie and Fresco y Mas grocery stores, some of which have been around for eons. Right now, Southeastern Grocers is the nation's eleventh-largest grocery store network. In the modern era, however, that isn't a whole lot better than being the fiftieth largest. It's business that relies on scale, and lots of it. Kroger Co (NYSE:KR) and Amazon.com, Inc. (NASDAQ:AMZN) have it. Southeastern Grocers doesn't. Last year, chatter first surfaced that the company wouldn't even come close to making the full service payments due on its $1 billion in debt. Increasingly, it looks as if it will fall to Amazon before too long. Source: Fitbit ### Fitbit (FIT) Last but not least, add Fitbit Inc (NYSE:FIT) to your list of companies that won't be around as you know and love them today. Like GoPro and Sears, you can reasonably expect consumer technology with the Fitbit name on them to still be in stores come 2020. The organization has worked hard to develop the brand into the name people think of when they think of wearables. Much like GoPro though, this is a company that thought its wares were far more marketable then they actually were. As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can follow him on Twitter, at @jbrumley. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Boring Stocks to Buy for Red-Hot Returns * The 7 Best Car Stocks to Park in Your Portfolio * 7 Beaten-Down Chinese Stocks Ready to Rebound Compare Brokers The post 8 Companies That Could Disappear Before 2019 Is Over appeared first on InvestorPlace.
In a complaint filed in Chicago federal court, the Pension Benefit Guaranty Corp asked to be named trustee of the pension plans, which it said are underfunded by $1.4 billion and cover about 90,000 Sears and Kmart employees and retirees. The PBGC also asked that the plans be terminated as of Jan. 31, 2019. Friday's request came six days after the PBGC objected to the takeover of Sears by Lampert's hedge fund ESL Investments, which had won an auction for the Hoffman Estates, Illinois-based retailer last month.
The future of Sears Holdings Corp (SHLDQ.PK) and tens of thousands of its employees across the United States hung in the balance in the freezing predawn hours last Wednesday, as Wall Street lawyers and bankers sparred over the fate of the beleaguered retailer in a 50-story Manhattan office tower. Working the phone from Miami, where he has an office and a 17,000-square-foot mansion, was Sears Chairman Eddie Lampert. A major sticking point: who would cover more than $200 million in costs that Sears had racked up since filing for bankruptcy in October.
The agency is stepping in to oversee the retirement benefits of employees and retirees at Sears, Roebuck and Co and Kmart Corp as it is clear that Sears' continuation of the plans is no longer possible, it said. Sears Holdings, which filed for bankruptcy in October, said on Thursday Chairman Eddie Lampert won an auction to buy the once iconic U.S. retailer after presenting an improved offer of $5.2 billion.
Sears picked Lampert's hedge fund ESL Investments Inc as the winner at a bankruptcy court-supervised auction after his latest bid topped an earlier $5 billion proposal following weeks of talks. The deal would keep open more than 400 stores, preserve up to 45,000 jobs and ESL would acquire substantially all of the company, including its "Go Forward Stores" on a going-concern basis, Sears said. "We are pleased to have reached a deal that would provide a path for Sears to emerge from the chapter 11 process," the restructuring committee of Sears' board of directors said in a statement.
Sears Holdings Corp (SHLDQ.PK) Chairman Eddie Lampert prevailed in a bankruptcy auction for the U.S. department store chain with an improved takeover bid of roughly $5.2 billion, allowing the 126-year-old retailer to keep its doors open, people familiar with the matter said Wednesday. Lampert's bid, boosted from an earlier $5 billion offer, prevailed after weeks of back-and-forth deliberations that culminated in a days-long bankruptcy auction held behind closed doors. The billionaire's proposal, made through his hedge fund ESL Investments Inc, will save up to 45,000 jobs and keep 425 stores open across the United States.
After two days of haggling, U.S. Bankruptcy Judge Robert Drain set a Wednesday deadline to complete the bankruptcy auction for the 126-year-old retailer, the people said. Sears was weighing Lampert's offer against the sum it would recoup by winding down its business and selling its assets off in pieces. Liquidating Sears would end the department store in its current form, meaning layoffs for as many as 68,000 people and the closure of about 500 stores.
Sears has survived the Great Depression and world wars. The fate of Sears Holdings Corp (SHLDQ.PK) highlights a harsh reality of U.S. bankruptcy - it requires armies of pricey specialists in a system driven by an outcome, not costs. On Monday, Sears will consider bids for its assets, including a last-ditch $5 billion proposal by chairman and controlling shareholder Eddie Lampert.
Amazon (AMZN) may have helped quicken the end for former retail giant Sears (SHLD), and a Whole Foods takeover of Sears store may be in the works.
Moody's Investors Service affirmed the ratings on five classes of BAMLL Commercial Mortgage Securities Trust 2013-WBRK, Commercial Mortgage Pass-Through Certificates, Series 2013-WBRK. The ratings on the five P&I classes were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio and Moody's stressed debt service coverage ratio (DSCR), are within acceptable ranges.
The rating on six principal and interest (P&I) classes were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR) and the transaction's Herfindahl Index (Herf), are within acceptable ranges. Moody's rating action reflects a base expected loss of 4.9% of the current balance, compared to 5.0% at Moody's last review. Moody's base expected loss plus realized losses is now 4.8% of the original pooled balance, compared to 4.9% at Moody's last review.
We've got a mixed bag in retail, while airlines remain in turbulent air. That being said, the overall market did pretty well on Thursday, considering we heard from Fed Chair Jerome Powell. He finally seems to know what to say to the markets and what not to say. With that said, let's get a look at some top stock trades for Friday. ### Macy's (M) InvestorPlace - Stock Market News, Stock Advice & Trading Tips Macy's (NYSE:M) stock made its direction pretty clear: Down. Shares are plunging almost 20% on the day after the company cut its full-year guidance and reported disappointing holiday sales results. * 10 Key Emerging-Market Stocks to Buy for Contrarian Investors Down almost 20%, bulls had a chance to defend Macy's between $26 and $27, keeping it above a pivotal level. Below this level, I want nothing to do Macy's. ### Target (TGT) Target (NYSE:TGT) shares slipped almost 4% on Thursday too, but not for the same reasons. The company reiterated its full-year outlook and reported strong holiday sales. But its CFO is stepping down. That's causing some hesitation, but it's clear that Target is resonating with shoppers. The stock is holding up over $65, a key level. So long as that remains the case, bulls can stay long and look for an eventual challenge of the $74 the $76 area. ### Costco Wholesale (COST) Shares of Costco Wholesale (NASDAQ:COST) are about flat on the day, outperforming the retail sector overall. However, after December's breakdown, the stock is still under pressure even though the recent numbers -- as usual -- are good. So what do investors do? Costco is in a "best house in a bad neighborhood" situation. At least in the short-term. Between $213 and $219, there's a decent amount of possible overhead resistance, while we have a rising wedge situation near current levels. * 10 Stocks You Can Set and Forget (Even In This Market) It's possible for COST to push through all of these levels and challenge downtrend resistance (blue line). On a pullback, a decline to $190 is technically possible, but I want to give COST a few days to see how it shakes out. I don't have a lot of confidence in a long setup right now, especially if retail remains weak. ### Bed Bath & Beyond (BBBY) Short of stocks like J.C. Penney (NYSE:JCP) and Sears (NASDAQ:SHLD), not many retailers have been worse than Bed Bath & Beyond (NYSE:BBBY). That's not stopping shares from popping 14% on the day though, after the company beat on earnings expectations and provided a better-than-expected outlook. Shares are ramming right into the backside of downtrend support (blue line). Can it push though? Maybe, after a move like this. Should shares fail to push through resistance, look to see if they hold up near $13. If they do get through resistance, look for BBBY to rally to the 200-day moving average. ### ### American Airlines (AAL) American Airlines (NYSE:AAL) took a dive earlier this month after Delta Air Lines (NYSE:DAL) issued worse-than-expected guidance. However, the stock held $30 on the downside, its lows over the past few months. Then American slashed its guidance on Thursday, sending shares lower once again. Initially back down to $30, AAL has made up roughly half the day's losses. If it can push higher, this low should hold once again. In 2018, we highlighted AAL as one of the cheapest in the industry and with some of the best growth. Even after the guidance cut, that remains true for American Airlines and may very well draw in some buyers. * 7 Stocks to Buy That Are Run By Billionaires That said, should AAL lose $30, I wouldn't want to stick around. The trend is clearly lower, but if $30 holds, bulls may be all right. That said, the news isn't great and it's hard to see what catalysts will push the industry higher in the short term. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, he did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks You Can Set and Forget (Even In This Market) * 10 Virtual Assistants for the Future of Smart Homes * 7 5G Stocks to Buy as the Race for Spectrum Tightens Compare Brokers The post 5 Top Stock Trades for Friday: Trading the Retailers and Airlines appeared first on InvestorPlace.
Lampert's revised offer, whose details were first reported by Reuters on Wednesday, will be assessed by Sears during a Jan. 14 bankruptcy auction. "We believe our proposal will provide substantially more value to stakeholders than any other option, in particular a liquidation," a spokesperson for Lampert's hedge fund, ESL Investments Inc, said in a prepared statement. "(The proposal) is the best path forward for Sears, its associates and the many communities across the United States touched by Sears and Kmart stores," the statement added.
Sears on Tuesday agreed to consider a revised takeover bid from Chairman Edward Lampert, temporarily staving off a liquidation that would have spelled the end of the company. The latest attempt by Lampert follows a decade of revenue declines, hundreds of store closures, and years of deals in an attempt to turn around the company he put together in 2005 in an $11 billion deal.
Sears Holdings Corp (SHLDQ.PK) agreed on Tuesday to consider a revised takeover bid from billionaire Chairman Edward Lampert, temporarily staving off a liquidation that would have spelled the end of the 126-year-old U.S. department-store chain. Lampert's latest attempt to rescue Sears came after his previous $4.4 billion bid fell short, prompting the retailer to make liquidation preparations ahead of a bankruptcy court hearing in New York on Tuesday. An attorney for Sears told U.S. Bankruptcy Judge Robert Drain that Lampert is expected to submit a revised offer for the retailer, along with a $120 million deposit, by 4 p.m. ET (2100 GMT) on Wednesday.
It's looks like a Sears liquidation is getting ever closer. Source: Shutterstock Here's what to know about the recent possible news of a Sear's (NASDAQ:SHLD) liquidation. * It looks like Sears is rejecting the offer to save the company made by Chairman Eddie Lampert. * Lampert's offer was to use $4.4 billion to rescue the company from bankruptcy via his hedge fund ESL Investments. * The goal was to continue operating 425 stores and keep 50,000 employees on board at the company. * As a result of the rejection, it is much more likely that the company will move forward with Sears liquidation plans. * However, it is still possible that Lampert will try to fight this and stop the Sears liquidation plans. * Even if the Sears liquidation plans do come to pass, it many not mean the complete end of the company. * Several aspects of the business may continue to teardrop after the liquidation, but Sears as it is known now won't likely survive. * Reports claim that Sears is in talks with Abacus Advisory Group to help it with the liquidation process. * A Sears liquidation would bring an end to a company that has been around since 1893. * It would also mark the end of the troubled times for the company, which hasn't seen profits since 2012. * This will also have some 68,000 employees losing their jobs. * The 7 Best Stocks in the Entrepreneur Index You can follow these links to learn more about the possible Sears liquidation plans. InvestorPlace - Stock Market News, Stock Advice & Trading Tips SHLD stock was down 31% as of Tuesday afternoon. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy Down 20% in December * 5 Chinese Stocks to Avoid Now (But Buy Later) * 3 Big Gainers That Easily Could Be the Best Stocks to Buy As of this writing, William White did not hold a position in any of the aforementioned securities. Compare Brokers The post Potential Sears Liquidation News: 11 Things We Know appeared first on InvestorPlace.