MSF

Sears Faces Risk If Economy Doesn't Improve

He is probably on his yaht simping champage and eating cavier.

Sears Faces Risk If Economy Doesn't Improve

Lampert wants to prove to his mommy and himself that he can turn a failing retailer around.He is a billionaire and makes his money from his hedge fund ESL which in one year he made a billn dollars in fees.

He personally owns around a million shares of Sears,which is nothing because he is worth billions.The bulk of Sears is owned by his hedge fund,in which is using other peoples money,in which he gets his fees,how convenient.

Think of his personal holdings in Sears as a write off when its needed.

His focus and investing strategies are focused on ESL,,where he gets his fees.

The next Buffett,,,please.

What is doing with the surplus of cash from Sears
which he has full investing authority,,,he buys back sears stock at higher prices no less.How about that purchase of Citi at its highs....real Buffett like.(IN ESL)

In short investors thought when they bought into sears they were buying into a Lmapert hedge fund without the enormous investment needed to get into ESL.This made the stock take off,,,after reality set in big and small investors bailed out.