Is This a Sign That the End Is Near for Sears?
What has two thumbs, a billion-dollar hedge fund, and is bailing on Sears Holdings Corporation (NASDAQ: SHLD)?
Bruce Berkowitz, the investor who's been Sears' biggest supporter for much of the last decade. The Founder and Chief Investment Officer of Fairholme Capital Management, a $3.1 billion hedge fund that is Sears' second-biggest shareholder after Sears' own CEO Eddie Lampert, said he would step down from Sears' board of directors at the end of the month.
Sears shares crumbled on the news, falling as much as 15% yesterday as the market seemed to think that one of the retailer's biggest backers has lost faith.
Source: Fool.com
Macy's Inc. Aktie
14,59 €
-7,76 %
Leichtes Kaufinteresse bei Macy's Inc., mit mehr Buy- als Sell-Einschätzungen.
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