Sears: A great American tragedy nears its end

Here is a true confession that shows how old I am. The first credit card I ever had was a Sears Holdings (SHLD) card. Whenever I need to recapture my lost youth, it’s still around, somewhere.
But my kids haven’t set foot in a Sears, and their kids will never know what one was.

Final chords are fast approaching for what was once America’s best-known, and largest retailer. The “experiment” of hedge fund manager Eddie Lampert, who once promised to turn the company around, instead hangs like a weight around his reputation, even on Forbes’ billionaire list.
The stock’s latest fall, 13% on Jan. 30, takes the value of Sears down to $640 million. That’s 71% below where it was in 2016. In 2007, SHLD stock traded at $190 per share. That’s more than $10 billion wiped away.

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