What Sears' $400 Million Loan From CEO Means for Mutual Fund Investors
Shauna O'Brien Sep 16, 2014
Inside Sears’ Struggle
The company’s cash flow problems have led it to seek long-term capital-structure flexibility from lenders, as well as massive cost cutting.
With the recent news of its CEO Edward Lampert borrowing cash from the hedge fund that he manages, many investors are even more weary of the future of Sears Holdings.
Mutual Funds to Watch
|FAAFX||Fairholme Allocation Fund||10.0%|
The Bottom Line
Conservative mutual fund investors should be cautious when investing in a mutual that has a significant holding in this company.
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