According to the GuruFocus 52-week low screener
, Orchard Supply Hardware (OSH
) is at a 52-week low, and 93.3% off its high. As Orchard Supply Hardware (OSH
) faces possible default on a loan payment, top stakeholder Guru Edward Lampert
, CEO of Sears Holding Corporation and founder of ESL Investments, reduced his Orchard Supply Hardware (OSH
) position again by 16.25%, with remaining shares at 839,867, as of April 24, 2013. He traded at an average price of $1.55. The current price is $1.45, with a change from average down 6%. Seeking an out-of-court restructuring, Orchard Supply’s lawyers and advisers must strike a deal with lenders by May 1.
Orchard Supply Hardware (OSH
) operates neighborhood hardware and garden stores featuring products for home improvement, repair and the yard. Founded as a farmers’ cooperative in San Jose in 1931, the company has 89 stores in California. Continue Reading »