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Coldwater Creek’s week started with a bang, and then the market grew cautious

This past week Coldwater Creek got a dose of cash from a major investor. The announcement that Bay Area private equity firm Golden Gate Capital was lending $65 million helped boost the company's public stock to above 80 cents per share.

That's the highest it's been in since May.

Since Tuesday, the stock has drifted a bit lower, as can be expected. The good news: It's closing higher than it was last week.

The charts below, from Yahoo Finance, show the stock price over the past week. 

On Friday Coldwater Creek filed an amended report summarizing the investment from Golden Gate. Here's the explanation for where the $65 million will go: 
“The proceeds of the Term Loan Agreement will be used for debt repayment, to finance the acquisition of working capital assets, and for other general corporate purposes.  On July 9, 2012, the Company used $14.8 million of the proceeds to repay its term loan with Wells Fargo Bank.”

 

 

Monday

Tuesday

Wednesday

Thursday

Friday

Opening Price

$0.46

$0.56

$0.80

$0.71

$0.67

Last Trade

$0.52

$0.80

$0.74

$0.67

$0.69

Price Change

$0.06

$0.24

$-0.06

$-0.04

$0.02

% Change

13.04%

42.86%

-7.5%

-5.63%

2.99%

Day´s High

$0.52

$0.82

$0.84

$0.71

$0.73

Day´s Low

$0.45

$0.56

$0.70

$0.66

$0.67

Volume

757,430

6,148,151

2,154,086

834,570

263,154



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The Spokesman-Review business team follows economic development in Spokane and the Inland Northwest.

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Scott Maben Scott Maben is a Deputy City Editor who covers North Idaho news and higher education.

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