In our August 26, 2014 posting, we said the followings on Sears Holdings (SHLD) when the stock was trading at $34.67:
“The worst performing stock was Sears Holdings (SHLD). Sears has essentially traded with descending peaks since 2007 with price support at around $30. A break below $30 could result in significant loss for any remaining shareholders. Private equity firms must be circling Sears at the prospect of a decline below the long-term support.”
On September 28, 2018, at the close, Sears was trading at $0.97, a staggering loss of –97.11% from the August 26, 2014 commentary.
Bloomberg.com has highlighted an issue that we have been pointing out for some time, the massive conflict of interest. Below are details of the most recent conflict of interest.
