Richard Shinnick

Sears Holdings' True Value

Retail 101

I thinked you missed the point of my article and the fact that I am short SHLD, albeit a small position. I personally do not know whether "underinvestment" in its stores is the issue but the faith that people put in Lampert is a big issue because it is simply impossible for him to be the Superman that his supporters (including Cramer) wish him to be-that was the point. In other words, even being "good" is not enough for this guy to live up to the hype.

Finally, I think you are dead wrong about Cramer, he would go negative despite the personal relationship-he just might be a little slower in doing it than he should.

Thank you very much for the thoughtful comment though and I will read the article that you suggested.