|Bid||0.0000 x 1000|
|Ask||0.0000 x 1000|
|Day's Range||0.3500 - 0.4210|
|52 Week Range||0.2800 - 5.4000|
|Beta (3Y Monthly)||-0.70|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 28, 2018 - Dec 3, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.00|
Consumer confidence during the holiday season is expected to boost retail spending, especially online sales. Yahoo Finance’s Melody Hahm speaks to Amplify ETFS CEO Christian Magoon about what could happen.
Sears Holdings Corp.’s creditors are questioning whether the retailer’s best move is to go through a sale process for its 400 most-profitable stores or cut its losses and liquidate sooner rather than later....
A day after his Atlanta Falcons lost to the lowly Cleveland Browns in NFL action on Sunday, the company that Falcons owner Arthur Blank founded also got hammered. Home Depot shares finished down 3.5% to $179.43 on Monday as the Dow dived by more than 600 points. The company will look to dig out of this hole on Tuesday as a positive earnings release could help repair and renovate Monday's slide.
Sears Holdings Corp. wants to sell off bonds that are suddenly in high demand among credit-derivative traders who bet on Sears to default. Sears has offered to put up to $900 million of existing company debt on the auction block, an unusual maneuver that could help fund the retailer’s turnaround strategy while boosting returns on insurance contracts known as credit default swaps. The debt instruments Sears wants to sell is held internally and owed by its subsidiary Sears Roebuck Acceptance Corp., or SRAC, to other company affiliates.
Sears filed for bankruptcy protection Oct. 15 after years of decline, and on Nov. 2 proposed to auction off its highest-performing stores. The company’s plan “appears to be nothing more than wishful thinking,” it said, leaving the group “no choice” but to request the bankruptcy court deny the request to pursue the store sale.
Corp.’s creditors are questioning whether the retailer’s best move is to go through a sale process for its 400 most-profitable stores or instead cut its losses and liquidate sooner rather than later. The committee of unsecured creditors in court papers filed Friday raised concerns about the sale process. The group called the business plan to keep stores open “wishful thinking,” since Sears would need to reduce its excessive expenses to return to profitability, which the company was unable to do leading up to the bankruptcy filing.
The bankrupt department-store chain asked a judge to let it auction off about $900 million of notes that are essentially loans from one Sears unit to another. The potential sale is the latest example of how the $10 trillion market for credit derivatives can influence the fate of the companies they are tied to. In the last year, traders seeking to profit from bets on derivatives have extended financing to companies including food distributor United Natural Foods Inc., homebuilder Hovnanian Enterprises Inc. and newspaper publisher McClatchy Co., Bloomberg News has reported.
are battling for retail home improvement market share largely unchallenged by third parties. Both stocks are falling today as macro pressures from the Federal Reserve and mortgage data weigh on market sentiment, but at the same time each company is trying to position itself as the pre-eminent player in retail home improvement. One of the largest developments that both companies will need to address is the bankruptcy of what was once the nation's largest retailer in Sears.
Former Sears Chief Executive Edward Lampert’s ESL Investments Inc. has shot back at allegations made by unsecured creditors in their call for a deeper look at debt transactions tied to the firm.
Sears Holdings Corp. is closing another 40 stores as the once-dominant retailer continues to shrink and wind its way through bankruptcy proceedings. Sears said it plans next week to begin liquidation sales at 11 Kmart and 29 Sears stores, just ahead of the Black Friday holiday shopping weekend. At the time of the bankruptcy filing, Sears operated 687 Sears and Kmart stores.
There are a lot of parallels between Hudson's Bay's current position and where Sears Holdings stood several years ago. Here's why Hudson's Bay still is likely to have a happy ending.
Moody's Investors Service ("Moody's") has affirmed the ratings on twelve classes in GS Mortgage Securities Trust 2014-GC26, Commercial Mortgage Pass-Through Certificates, Series 2014-GC26 as ...
Sears may sell as much as $900 million of notes that are essentially intercompany loans from one subsidiary to another, according to people with knowledge of the matter, who asked not to be identified because the discussions are private. Normally, the retailer might find few takers for such unsecured debt. The potential sale is the latest example of how the $10 trillion market for credit derivatives can influence the fate of the companies they are tied to.
The ratings on six 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 5.5% of the current balance, compared to 6.0% at Moody's last review. Moody's base expected loss plus realized losses is now 5.4% of the original pooled balance, compared to 5.9% at Moody's last review.