A friend of a friend, who has been in retail his whole career, thinks Sears is in big trouble. I have no idea if he knows what he's talking about. The chart looks flat to me, I would have expected it to be in a down trend already IF this is true. But just in case thought I'd mention it.
This is nothing new, sears is in trouble, I have said this for the last few years, I am surprised its taking this long. SHLD stock is very overpriced, I wouldnt be surprised if it loses half of its value in the next 6-12 months!
The impression I had about retailers such as Sears, is they made their money on the credit. The retail product was the vehicle to get the credit sale where the real money was made. Credit is in the dumpster.
