Lampert is the founder of ESL Investments, Inc., a private investment company, and the Chairman of Sears Holdings Corporation (SHLD). Since starting ESL Investments in 1988 at the age of 25, he has racked up returns averaging 29% a year. He is #68 on the list of Forbes 400 Richest Americans.
Investing Philosophy:
Like Warren Buffett, Lampert targets mature and easily understandable businesses that have strong cash flows. He focuses on a company's ability to generate large amounts of cash over the long haul. Unlike Buffett, Lampert is less focused on the management team of potential because of his willingness to implement changes in the companies in which he has invested. Lampert has significant experience investing in the retail arena.
Well, its official, the boo-bird are back out on Eddie Lampert after SearsHoldings (SHLD) recent quarter. Now, it should be noted this is after Q1 resultsthat "surprised" everyone being better that expected and the stock rallied from $35 to near $80. More...
Edward Lampert practiced value investing since very young age, and was wildly successful, especially with retailers. Now he is not only investing in other companies, he is also running real operations with Sears, something that Buffett never really did. This is his Q2 portfolio. More...
(GuruFocus, Updated, July 18, 2009) Investment Guru Edward Lampert sold more shares in car dealership company Autozone (AZO). According to GuruFocus data, Lampert sold 13.7% of his position or 2.79 million shares of AZO stock on 07/16/2009 at the average price of $158.04. Earlier on June 24. we reported Lampert sold 56,851 shares of AZO stock on 06/23/2009 at the average price of $155.06, and he sold 396,877 more shares of AZO stock on 06/22/2009 at the average price of $156.41. More...
OK, we all saw last week that Eddie Lampert sold 4% of his holdings in auto parts retailer AutoZone (AZO). He must not be bullish anymore? Not quite. Let's look. More...
(GuruFocus, June 24, 2009) Investment Guru Edward Lampert started to unload shares in car dealership company Autozone (AZO). According to GuruFocus data, Lampert sold 56,851 shares of AZO stock on 06/23/2009 at the average price of $155.06, and he sold 396,877 more shares of AZO stock on 06/22/2009 at the average price of $156.41. After the sales, Edward Lampert still holds 23.15 million shares of AZO stocks, or over 42% of the company. More...
Let start out with the premise that we as American's love convenience and anything that saves us time. We love it for our coffee, our lunch and our prescriptions. A liquor store near me actually has a drive thru window. Anything that saves us from getting out of the car we like and will use anytime we can. More...
Over the past decade, there has been a significant divergence between Wal-Mart Stores’ experience from a business perspective and the returns experienced by the company’s shareholders. More...
Five years ago, the investment world was lauding Eddie Lampert as a “ genius” and “ the next Warren Buffett.” After taking control of a bankrupt K-Mart and turning it around, he engineered the takeover of the iconic Sears and created what looked to be a potentially dominant new platform for which to execute his investing prowess. Today, with shares having dipped below their price five years ago, the glimmer of Eddie Lampert’s investment prowess has faded a bit and his ability to salvage his investment in K-Mart and Sears (collectively, “Sears Holdings” or SHLD). More...
The past eighteen months were difficult for many investors and fund managers across a variety of strategies. The credit crisis resulted in major market stress that yielded correlations of nearly one across equities such that performance was largely dictated by the net long exposure of investors. Nearly halfway through 2009, investors seem willing to view 2008 as a “six sigma” year and probably have little interest in attempting to learn much from it. While in many cases, all investors can do is throw their hands up in exasperation, the past 18 months have provided some interesting lessons to those in value investing circles. More...
(GuruFocus, April 11, 2009) Investment Guru, Fund Manager of Fairholme Funds Bruce Berkowitz bought additional 1.5 million shares of Sears Holdings Corp. (SHLD) on March 31, 2009. His trading price was about $45.71 and the stock price has climbed over 15% since then. More...
For stock market, the going has been tough: since the beginning of 2009 (let’s forget about the dreadful 2008), S&P 500 has declined year-to-date from 903 to 834 points, or 7.63%. Yet for the Investment Gurus that we track, the tough get going. Thanks for the market rally during the last three days, the following gurus produced a positive return YTD, according to GuruFocus Data. More...
Warren Buffett got an early start in the investment world having a paper route business. With this business he was able to save $2000. He took $1200 of his small fortune and bought a 40 acre farm in which he hired a tenant farmer to run it. Later he and a buddy bought several pinball machines and set them up throughout town. Another early business venture was buying a old limo and renting it out which provided another stream of income. Buffett's first stock purchase came at the age of 11 years old when he bought 6 shares of Cities services preferred stock for $38.25 per share, in which 3 shares were for him and 3 for his sister. The stock initially traded down to $27 per share, when it recovered to $40 per share the young Buffett sold only to watch it soar to $202 per share. More...
Our annual shareholder letter is a great opportunity to communicate ideas and actions that we are pursuing at Sears Holdings and the logic behind them. I strive to explain, rather than promote, because doing so gives you a framework from which to evaluate your investment and our overall performance. We are trying to create a great company that can stand the test of both good and bad times. More...
Eddie Lampert was a hero when he acquired Sears and made a killing from the K-Mart debt investment. Not any more, at least to a lot of his followers. Still, Eddie is a remarkable investor. These are what he bought during the 4 th quarter. More...
Billionaire investor Edward Lampert, who engineered the combination of Sears (SHLD) and Kmart in 2005, has been dabbling in a string of new concepts to bring the company back to life, but he has avoided a substantial investment in any of them until he is certain of getting a return on his investment. The Internet, however, has captured his attention and investment dollars. More...
It looks like Eddie and his Sears Holding(SHLD) company are showing some adversity in front of other retailers and the economic down turn. Lampert has been criticised over the last year for NOT selling off real estate and NOT plowing gobs of cash back into its retail operations. More...
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