Time for Jeff Macke to Pay Up on Sears Bet

On Thursday, I won my bet with Jeff Macke in a mere 4.5 months. In a dispute on Minyanville.com, he bet a dinner that Sears Holdings (SHLD) would trade in the single digits before it doubled in price... I, along with a Minyanville user with the handle "SAM C" accepted the bet. SHLD doubled and is presently well above the $74 dollar mark (and still below book value).

To give a little background info on the situation, Macke made some un-researched and/or false claims about SHLD (and more specifically, Eddie Lampert taking billions out of the company) and then changed the claims without calling attention to the fact that he screwed up. I highlighted the errors and changes (which, I assume were due in part to me, since my write up was picked up by Seeking Alpha) here and here.

I have no idea if Macke will actually make good on his bet, but, I will coincidentally be in NYC for the Western Sizzlin' shareholder's meeting this week. I think that it would be a good time for Jeff to pay up on his lost bet; especially if he is in the city... BTW, I will also be posting my notes from the WEST meeting (Noise Free Investing will also be posting notes on their site).

Jeff, please don't welch out on me. :D

Comments

[crazytown:]

Jeff Macke's gone nuts..you will need to get off the bus and meet him in crazy town

Sep 12 11:58 AM

[Jeffmacke:]

Actually I haven't gone any more nuts than I ever have been. I'm almost equally nuts as I ever remember being.

I'll be happy to take you to dinner with or without Sam C. I stand behind what I wrote about Sears, save for being wrong about the stock fully collapsing. If it gets back to $177 I'll actually be entirely wrong about being negative from the first ever Fast Money.

Regardless, I lose you win. I didn't see this post until today. Write me at Minyanville.com, let me know when you'll be in NYC and we'll have dinner on me (Ummm... I'm not broke, either).

- Macke

PS

It's "Welsh out on me". It's a perforative stereotyping of the Welsh rather than a allusion to grape juice.

Oct 15 11:40 AM

[Jeffmacke:]

And, by the way, "Crazytown", I'm the mayor of your eponymous city. Jeff will never get into see me there. Only via email.

It was a lousy segment on Dennis Kneale's show. Of course, I did do over 1,000 hours of live TV prior to and after that; some of which was quit good.

If I were nuts, that would make you a jerk. Since I'm not nuts and writing under my own name, as opposed to you taking pot-shots at me from the cover of an alias; that pretty mach makes you an ignorant, pusillanimous jerk.

Have a nice day,

Jeffmacke
- Mayor of Crazytown.


On Sep 12 11:58 AM crazytown wrote:

> Jeff Macke's gone nuts..you will need to get off the bus and meet
> him in crazy town

Oct 16 09:40 AM