Sozzi Says Sears Needs Cash, Notes Empty Wall Syndrome, Layoffs
January 27, 2014 at 10:53 AM EST
In a report published Monday, Belus Capital Advisors CEO and Chief Equities Strategist Brian Sozzi examines the "plainly obvious" cause for numerous Sears Holding (NASDAQ: SHLD ) stores to close. Sozzi writes that Sears "desperately needs cash on its balance sheet." Following the 2013 holiday season, Belus Capital summarized