Investing in Sears (OTC: SHLDQ) seems a bit like reserving a suite on a cruise ship that's both sinking and infected with coronavirus. It's possible the ship might solve one of the problems but the combination of disasters makes a full recovery unlikely.
The once-proud retailer has survived bankruptcy and downsizing from thousands to under 200 stores. Getting smaller has not resulted in a return to fiscal health and the company has resorted to taking a $100 million from hedge fund Brigade Capital Management LP, Reuters reported.
Sears now has fewer than 200 stores. Image source: Sears.