OAK BROOK, IL—Add Credit Suisse to the ranks of analysts calling for Sears Holdings Corp. to liquidate its stores. Published reports say that a Credit Suisse team led by analyst Gary Balter cited the opening line of a 1967 song by the Doors in summing up the retailer’s prospects on Thursday: “This is the end.”

Balter wrote that SHLD is generating negative cash flow of at least $1 billion this year, and likely $2 billion. Last month the company reported a second-quarter loss of $573 million, compared to $194 million for Q2 the year prior. “Unless it sells off real assets while somehow maintaining the cash flow from those assets, this story is not likely to have a happy ending, and that ending continues to depend on suppliers,” Balter wrote.

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