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Sears has announced plans to spin off Lands' End and sell its auto centers, a deal that one analyst estimates could be worth as much as .5 billion.But the company has about .8 billion in long-term debt.Wall Street analysts expect the red ink to continue for the foreseeable future.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.Sears' struggles are taking a bite out of Lampert's fortune.He was forced to reduce his stake in Sears to under 50 percent because of redemptions from hedge fund clients.We're not predicting that they will go out of business tomorrow, or anytime soon. Martha Stewart Living Omnimedia Martha Stewart's media empire has been circling the drain for years as the diva of domesticity's popularity fades.Stewart has proven far more adept at fashioning crafts than at developing a coherent, successful corporate strategy.
My Space Yes, My Space, once the dominant social network, still exists.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.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.
Radio Shack is in such poor shape that it's unlikely that a buyer would rescue it, at least before it shutters poorly performing stores.