anonymouse

What's Wrong with Eddie Lampert's Strategy at Sears?

I don't think Lampert is thinking that with RSTO he can turn around Sears. I bet he is thinking more along the lines of "As part of SHLD, RSTO can be worth a lot more than it is since I can transfer real estate and products around. But in the worst case scenario, I bought a half-decent retailer for really cheap... suckers!"

Most who bring up Buffet and BRK seem to forget--or worse, they never knew--how long it took for Buffet to finally dispose of the textile business assets.