Warning: this stock will sink your portfolio…
Anyone in the Middle Atlantic or Northeast who queued up at Home Depot (NYSE:HD) or Lowe’s (NYSE:LOW) to buy supplies—both big (snowblowers) and small (flashlights)—before Winter Storm Jonas hit can attest to the need for patience and multiple options to find that gear.
Speaking of places to gear up, did anyone visit a Sears (NASDAQ:SHLD) location for any items?
If Sears’ stock price over the past months is any indication, the answer is an unqualified “no.”
Sears stock fell an astounding 25% over the last six-month period, and lost 50% of its value over the past year.
That’s a market value of over $1 billion, which is basically today’s market cap for the once proud and iconic American retailer who pretty much invented, and certainly popularized, catalog sales.
What the heck happened? More important, what the heck is Sears today?
While trying to decide, let’s ponder exactly what Sears is not…