SHLD is definitely going bankrupt in a year or two. Just look at their balance sheet. Moody's is smoking crack to rate it as high as Caa1, considering Atwood Oceanics has the same rating and an extremely strong balance sheet. Also the people buying Caa1 rated SHLD bonds at only 10% YTM are smoking crack.
10-k filed at 16:31 on 21 March 2017 https://www.sec.gov/Archives/edgar/data/1310067/000131006717000005/0001310067-17-000005-index.htm 10-k here: https://www.sec.gov/Archives/edgar/data/1310067/000131006717000005/shld201610k.htm "Our historical operating results indicate substantial doubt exists related to the Company's ability to continue as a going concern." Bloomberg article: https://www.bloomberg.com/news/arti...re-s-substantial-doubt-about-company-s-future .
SHLD Only the bravest souls, who don't mind ridicule, are flashing the green bullish signs on this one. lol
"With Sears' future in doubt, vendors begin pulling back" http://www.reuters.com/article/us-sears-restructuring-vendors-idUSKBN16T31S Thu Mar 23, 2017 | 12:57pm EDT Related ZH article: http://www.zerohedge.com/news/2017-...h-spiral-vendors-halt-shipments-insurers-bail "Sears Enters Death Spiral: Vendors Halt Shipments, Insurers Bail" .
Various announcements in this PR from SHLD, released after the close on Friday 21 April: https://searsholdings.com/press-releases/pr/2037 * increasing its annualized cost savings target to $1.25 billion from $1.0 billion (however this "cost savings" includes store closures, so the entire $1.0 billion or $1.25 billion does not flow through to the bottom line, due to lower sales revenue.) * "As of the date of this release, the Special Committee has received non-overlapping bids in excess of $700 million on over 60 separate real estate properties." * "Additionally, Sears Holdings is in discussions with its lenders to evaluate refinancing options for its secured loan facility maturing in July 2017. The Company will provide an update on the status of these efforts prior to the end of May 2017." * "Since the beginning of the fiscal year, comparable store sales at Sears and Kmart declined 11.9% on a combined basis, 10.8% when excluding consumer electronics, compared to the prior-year period. " * CFO resigned .
SHLD closed down $0.94 or 7.02% to $12.45 following the news released after the close on Friday 21 April. (Although earlier in the day the stock traded up $0.30 or 2.2% to $13.69.) This Barrons article http://blogs.barrons.com/stockstowatchtoday/2017/04/24/sears-why-better-isnt-good-enough/ from Monday includes some analysts' comments, including one which gives a $4 price target for SHLD stock. This Business Insider article https://finance.yahoo.com/news/sears-turnaround-timeline-shrinking-could-145810568.html provides more detail on the loan facility that matures in July, and states that the size of the facility is $500 million. .
In premarket trading on Thursday 11 May, department stores are trading lower following Macy's 1st quarter results. M -10% JCP -4.5% SHLD -3.9% http://www.zerohedge.com/news/2017-...eful-results-drags-all-department-stores-lowe .