Sears closing 50 more stores -- 2016

[drink]

I've never heard of stock being on junk status. I have heard of bonds being considered junk bonds though.

Coach

Here's a little reading material you might find interesting.


http://blogs.barrons.com/incomeinvesting/2014/09/10/fitch-downgrades-sears-to-deepest-junk-ratings/#

http://seekingalpha.com/article/3877446-sears-hometown-indicates-sears-brand-name-worthless

What the heck.....I bought more stuff from the Sears Outlet earlier today.

 

[MikeF2316]

I thought of this thread when I read this article in the paper today. Sears Canada is giving ("no “material” payment changing hands") 8 home stores to a competitor, but the hilarious thing is this quote from one of the Sears Canada execs:

“We are working on rationalizing our store network to ensure our core store physical footprint is highly productive,” Brandon Stranzl, executive chairman of Sears Canada, said in a statement.

http://www.theglobeandmail.com/repo...es-assigning-leases-to-leons/article28855057/