Kelley

Eddie Lampert Has a Conflict of Fiduciary Interest

Ackman may have sold out of most of his shares (he still holds 500k shares), but Bruce Berkowitz steadily increased his position - and his Fairholme fund is known for its smart, concentrated investments. The Fairholme fund is very highly rated as well. Oftentimes, I read a negative article about SHLD, and the writer tends to include that Lampert's "buddies" are selling out (who thinks Lampert and Ackman are buddies?). Conveniently, I don't see any mention of other "buddies" like Berkowitz buying more.
The real estate play has most certainly been affected by the current environment. However, this play is not entirely done. The real estate, in my opinion, is not "the only element of intrigue in this stock." Plus, SHLD is producing free cash flow, and their brands are worth something - regardless of what others may think. SHLD also has a 72% stake in Sears Canada. There are a few intriguing things here. Time will tell who is right.