Post by
extremerisk on Jan 29, 2017 11:00am
sears holdings problems will pressure sears canada stock
While sears holdings only owns 12 percent of Sears Canada their debt troubles and potential bankruptcy risk will pressure sears Canada. I am looking to add to this position but think there is time to get in lower. Their year end is Jan 31 with March reporting so have another month and half to go of pressure on stock price. Other trigger could be mid Feb when easyfinancial releases results and they may disclose sears Canada performance. Next few weeks should offer some good buying opportunities. At 1.95 is now market cap of 195 million or trading at 7 percent of sales with no debt for sears Canada.