shld-long

Sears and AutoZone: What Is Credit Suisse Thinking?

Will ESL help Sears complete buyback?

www.concentratedvalue....

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

RSTO is a distribution play. I love how analysts try to rationalize how RSTO's ttm sales would not move the needle for Sears. Sears is a distribution platform, it only needs the products. RSTO success may have been limited by its lack of scale. The RSTO real estate is probably worthless (expensive leased stores) and no point in keeping around.

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

Travis,

Any reason why Bruce Berkowitz doubled down on SHLD in his FAIRX mutual fund? Also, why did Bill Ackman buy a 5 million share stake in SHLD. Bill Ackman always does his research. Look at the windfall he has made during the decline in MBI and ABK. I can't imagine Ackman made a $600M bet on the "cult of Lampert/ESL" only to watch his investment free fall.

Also, Lampert is not acting alone. He has a talented board of Directors and he is building an all star executive team. Every month we hear about another high profile addition to the SHLD executive team. Every article makes it seem like Lampert is picking out next year’s women’s clothing line or designing menswear in his free time.

Finally, I invest in Lampert and SHLD because he went "all in". No base salary, no stock options. His compensation and livelihood is directly correlated to the performance of SHLD. Instead of applauding his accountability to the company, we come up with theories about psychological problems. You tell me how many other CEOs have their entire net worth in a company… (Other than Buffett of course)