The Traderszone Network

Published in TZ Latest News 30 July, 2017 by The TZ Newswire Staff

Lampert’s Latest Loan Won’t Save Sears Holdings

While Sears Holdings‘ (NASDAQ: SHLD) agreement with Amazon.com (NASDAQ: AMZN) to sell Kenmore brand appliances on the e-commerce leader’s site sent the retailer’s stock soaring, shares were already moving higher after it was reported that Chairman and CEO Eddie Lampert had thrown another $200 million loan Sears’ way. Investors were wrong to bid up the stock in both instances.

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