Everyone is missing a critical point about Sears' first quarter profit (SHLD)
Sears Holdings Corp reported its first quarterly profit in nearly two years, sending shares soaring by as much as 20% Thursday morning.
But traders appear to be overlooking one key point: the profit was the result of the sale of Sears' Craftsman brand, and the retailers' core business is showing no signs of rebounding.Sears Chief Financial Officer Robert Rieckert directly attributed the company's net income, which totaled $244 million for the quarter, to the Craftsman sale.Th
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