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…