Vornado liquidating trust

Posted by / 11-Jul-2017 00:14

Vornado liquidating trust

Wall Street is a sucker for a good comeback story, and it got plenty of them in 2013.Best Buy shares, for example, have zoomed nearly 250 percent higher this year.

Lampert, who became Sears CEO this year, is trying to unload any assets not nailed to the floor as the company's cash begins to dwindle.As he continues to lose control over Sears, pressure will mount on Lampert to either take the venerable retailer private or sell it to someone else. The company has seen its market capitalization shrink by 98 percent.Radio Shack Ever since he became CEO earlier this year, Joe Magnacca has vowed to "transform" the business. Radio Shack has been struggling to keep pace with technology and stave off fiscal oblivion for years. It now has a value of 0.4 million, which is tiny for a national retail chain.Hewlett-Packard, the worst performer in the Dow Jones industrial average in 2012, has nearly doubled this year.Companies like E-Trade Financial, Game Stop, Rite Aid and Yahoo have all seen their share prices soar 100 percent or more--sometimes much more--as investors bought into their turnaround tales.

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Sometimes, though, down-and-out businesses stay that way, or manage to fall even further.

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