Can Sears Holdings Corp (SHLD) be Fixed?

Sears Holdings Corp (NASDAQ:SHLD) posted its ninth straight quarterly loss. The company is bleeding and the retail sector overall is not doing great, everyone knows this, but no one knows how to fix the company. Except perhaps Jim Cramer, he offered his views on how to fix Sears Holdings Corp (NASDAQ:SHLD) on CNBC recently.

Sears Holdings Corp (NASDAQ:SHLD)

” [...] It is just bleeding, Sears Holdings Corp (NASDAQ:SHLD) Canada is now bleeding. I don’t know what you do. Maybe you close every single unprofitable store as the leases come off, maybe that’s a way, you get a core profitability of a very small company, maybe that’s the way. If I was running it, I would come in, I would pay the leases, I would sell this and waive all the credit. Let’s break all these leases, Let’s pay them off. Let’s get down to a core group of stores and figure out which K-Mart is not doing well, still means K-Mart and Sears Holdings Corp (NASDAQ:SHLD). Now I am going to be told that’s wrong, Jim you don’t know what you are talking about, I do,” Cramer said.

It was also revealed that Sears Holdings Corp (NASDAQ:SHLD) didn’t buy back even a single share of the company from the $0.5 billion that it had under its authorization to repurchase. Cramer feels that Sears Holdings Corp (NASDAQ:SHLD) is not doing well in its Sears Club, compared to other retailers which are doing well in that. Cramer also revealed that K-Mart is one store where he doesn’t shop at all.

Disclosure: None

Dividend Stock Alert - Billionaire Robbins' Top Dividend Idea With 70% Upside Potential

Get Paid 3.5% Per Year While Waiting For The Stock Appreciate 70%

Larry Robbins' Glenview Capital Opportunity Fund returned 101.7% in 2013 and Robbins personally made $750 million. The same fund returned 25.3% in 2014. In this FREE REPORT we will share Robbins' top dividend idea that yields 3.5% and has been increasing its dividends for 39 consecutive years. Robbins thinks the stock has the potential to appreciate 70%.

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click Here to Read Comments
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!