|Bid||0.00 x 1000|
|Ask||0.00 x 27000|
|Day's Range||1.16 - 1.22|
|52 Week Range||1.07 - 7.78|
|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|
Ready to dive into the top headlines on TheStreet? TheStreet's Jacob Sonenshine reported that cannabis stocks are off to the races again this Tuesday morning, with Tilray and other legal-weed stocks soaring. Canopy Growth (CGC) was coming in at more muted gains Tuesday morning, up about 3.7% at $54.43 a share, and, like the rest of its peers, settled at a lower gain, at above 2%.
ESL Investments -- the hedge fund controlled by Sears Holdings CEO Eddie Lampert -- has proposed a dramatic restructuring plan for the struggling company, but the likelihood of success is very low.
Sears owner Eddie Lampert says he has a plan to keep the retailer out of bankruptcy and it involves selling off Kenmore to his hedge fund
Sears Holdings (SHLD) has received a restructuring proposal from ESL Investments, which is headed by Sears CEO Edward Lampert. In the proposal, ESL has stated that for Sears to become profitable, it must reduce debt and the related cash interest obligations and extend near-term debt maturities. ESL has outlined a series of liability management transactions and strategic asset sales that if executed would reduce Sears’s debt from $5.59 billion to $1.24 billion.
NEW YORK, NY / ACCESSWIRE / September 25, 2018 / A big acquisition for Michael Kors has been in reports this week, with several publications reporting that Michael Kors is buying Versace for around $2.35 ...
Warning that Sears Holdings Corp. is running out of time and money, CEO Edward Lampert is making his biggest push yet to restructure the retailer to avoid a bankruptcy filing, as a debt payment looms next month. Mr. Lampert, who is also Sears’s chairman, controlling shareholder and biggest creditor, wants creditors to restructure about $1.1 billion of debt coming due in 2019 and 2020, according to a proposal made public on Monday. The proposal also calls on the Sears board to sell another $1.5 billion of real estate and divest some $1.75 billion of assets, including Sears Home Services and the Kenmore appliance brand, which he has offered $400 million to buy himself.
Billionaire Lampert, who also runs hedge fund ESL Investments Inc, said the 125-year-old department store chain should take steps reduce its debt load to $1.2 billion from $5.6 billion. Lampert and his hedge fund, which he controls, own about 50 percent of Sears, according to Thomson Reuters data. Lampert said Sears should offer creditors options to extend their debt or exchange it for new holdings, giving Sears more time to turn its business around.
Sears Holdings Corp. (SHLD) shares traded 3.15% lower Monday afternoon after CEO Eddie Lampert's hedge fund ESL urged the company to "act immediately" as it faces large payments on its debt. The proposal would reduce 78% of Sears' debt to $1.2 billion and cut its interest expenses by 80% to $88 million while adding $1.2 billion in liquidity over two years, ESL said in a letter to Sears. Warning! GuruFocus has detected 5 Warning Signs with SHLD.
The ratings of seven 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 4.8% of the current pooled balance. Moody's base expected loss plus realized losses is now 4.8% of the original pooled balance.
Newell Brands has had a tough year, even by consumer-staples standards, but Wells Fargo argues that Monday’s selloff has gone too far.
Sears and Kmart owner Sears Holdings looks to be on its last legs judging by a new SEC filing on Monday.
CNBC's Courtney Reagan reports that Sears is attempting to return to profitability under the guidance of Eddie Lampert. The company hasn't been profitable in seven years.