RBS Partners is run by the chairman of Sears Holdings Corp (NASDAQ:SHLD), Edward Lampert, and the fund has concentrated investments in AutoNation, Inc. (NYSE:AN), Lands’ End, Inc. (NASDAQ:LE), Sears Holdings Corp (NASDAQ:SHLD). RBS Partners filed its recent SEC 13F filing on November 14 and its current portfolio exceeds $1.5 billion in investments. AutoNation, Inc. (NYSE:AN)…
Sears Holdings Corp (SHLD) Facing Trouble With Lenders Because Of Its Poor Financials
The financial worries of Sears Holdings Corp (NASDAQ:SHLD) are far from being over and considering its shaky financial standing, banks as well as insurers have raised payment guarantee costs for the vendors making it difficult for vendors to conclude business ahead of the holiday season. One of the primary reasons for these precautionary announcements is…
Sears Holdings Corp (SHLD) Gets Short-term Loan From Fairholme Fund (FAIRX)
According to a recent SEC filing Fairholme Fund (MTUF:FAIRX), one of its affiliates is likely to invest up to $100 million in a short-term loan for Sears Holdings Corp (NASDAQ:SHLD). Bruce Berkowitz is the fund manager of Fairholm Fund and owns 25.532.673 shares of Sears Holdings. (You can see complete list of Bruce Berkowitz’s Fairholme…
Sears Holdings Corp (SHLD) Shares Plummet Amid Lower Rating from Credit Suisse Group AG (ADR) (CS)
“This is the End” was the exact reference given by Gary Balter, Credit Suisse Group AG (ADR) (NYSE:CS) analyst, for Sears Holdings Corp (NASDAQ:SHLD). The shares of Sears Holdings Corp (NASDAQ:SHLD) have declined 6.36% since the statement on Thursday. After having a look at the performance of Shears Holdings in 2014, Balter concluded that the…
Sears Holdings Corp (SHLD) Set to Controversially Receive $400 Million in Loan from ESL Investments Inc. Affiliates
Sears Holdings Corp (NASDAQ:SHLD) is expected to receive a $400 million in loan from groups associated with own CEO, Edward Lampert, who also doubles up as the Chairman. Even though the contention in the borrowing isn’t readily noticeable, a more objective look reveals that all the lenders in the loan agreement are under the control…
American International Group Inc (AIG), Bank of America Corp (BAC), and Sears Holdings Corp (SHLD) Among the Top Three Holdings of Fairholme (Fairx) Fund
According to the latest 13F SEC filing of Bruce Berkowitz’s fund, Fairholme (Fairx), American International Group Inc (NYSE:AIG), Bank of America Corp (NYSE:BAC), and Sears Holdings Corp (NASDAQ:SHLD) are the top three share holdings of the company. The fund has a 13F portfolio of $9.9 billion with 1% increase in the quarter. (You can see complete list…