Sears Exit from S&P 500 Balanced by Improving Debt Load

Sears Holdings Corporation (NASDAQ:SHLD) recently exited the S&P500 index, as the company’s public float has been less than the 50% threshold mandated by S&P. The stock has been a member of the S&P for over 50 years, and the moment, therefore, is somewhat of a watershed in its fortunes.

Apart from the above event, Sears Holdings Corporation (NASDAQ:SHLD) has also had a rough time in the marketplace. It posted a massive $2.4 billion loss in its fourth quarter, as reported in January. This was the largest loss it faced in nine years.

Reflecting the company’s troubles, its issued debt fell to levels that...