Edward Lampert

Last Update: 08-25-2015

Number of Stocks: 7
Number of New Stocks: 1

Total Value: $1,683 Mil
Q/Q Turnover: 5%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Edward Lampert Watch

  • Gap and Philips 66 Among Recent Insider Buys

    The All-In-One Guru Screener can be used to find insider buys over the last week by clicking on the Insiders tab and changing the settings for All Insider Buying to “$1,000,000+” and duration to "August 2015."

    According to the above filters, the following are the recent buys from company insiders over the last week of August.


  • Weekly CEO Buys Highlights: SHLD, HTZ, PAGP, DEA, ATEN

    According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below:

    Sears Holdings Corp.: CEO, 10% Owner Edward S. Lampert bought 277,252 shares


  • Lampert's Sears Reports Smaller Net Loss, 14.5% Store Sales Decline

    HOFFMAN ESTATES, Ill., June 8, 2015 /PRNewswire/ -- Sears Holdings Corporation (NASDAQ:SHLD) today announced financial results for its first quarter ended May 2, 2015. As a supplement to this announcement, a presentation, pre-recorded conference and audio webcast are available at our website http://searsholdings.com/invest.

    In summary, we reported:


  • Lampert, Berkowitz, and The Love Affair With Sears Holdings

    In November 2004, Edward Lampert (Trades, Portfolio) was dubbed “The Next Warren Buffett (Trades, Portfolio)” by BusinessWeek (pre-Bloomberg), and from 1988 to 2008 he earned nearly 30% a year for investors. Since then, his largest investment, the retailer Sears Holdings (NASDAQ:SHLD) has been dead money, absolutely crushing Lampert’s long-term rate of compound returns, which are more in the 15% to 19% annualized range now.

    Sears Holdings Versus S&P 500


  • Sears Holdings Restructuring Its Business Strategy For A Better Investor Future

    The way Sears Holdings’ (NASDAQ:SHLD) has started the creation of an extensive portfolio of real estate acquisitions, news of a joint venture comes as the next logical step in order to tap into the true value of their portfolio. Sears Holdings and Simon Property Inc. (NYSE:SPG) have announced their joint venture on Monday.

    As per the terms of the joint venture, Sears will contribute 10 properties located in Simon Property malls, which are Indianapolis based, to the partnership valued at $228 million. In return, Sears Holdings will get $114 million in cash and a 50% stake in the JV with Simon Property paying $114 million in cash to the newly formed Joint Venture and receiving the other 50% of stakes in the JV. In addition, Simon Properties will purchase a Sears Holdings property in McAllen, Texas, at the La Plaza mall.


  • Sears Holdings Chairman's Letter for 2014 – Eddie Lampert

    February 26, 2015

    To our Shareholders, Associates and Members,


  • Edward Lampert's Recent Buys

    Lampert is the founder of RBS Partners, L.P., a private investment company, and the chairman of Sears Holdings Corporation (SHLD). Since starting RBS Partners, L.P. 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.

    Web Page:http://www.searsholdings.com/invest/


  • Bruce Berkowitz Reduced Stake In One Of The Largest Broadline Retailers In The U.S.

    Bruce Berkowitz (Trades, Portfolio) is the founder and the managing member of the Fairholme Fund (Trades, Portfolio). The investor reported decreasing his stake in Sears Holdings Corp (NASDAQ:SHLD) on March 16, according to GuruFocus Real Time Picks.

    Berkowitz is the largest shareholder of Sears Holdings, which upped its stake by 5% on the quarter to 26.54 million shares held as of the end of 2014. But now, with the transaction, Berkowitz’s position decreased by 0.16% to 26,498,973 shares. The fund initiated a position more than five years ago, and during 2014 Berkowitz added the stake to reach 26,545,273 million shares at the end of the fourth quarter of 2014, worth $875.46 million.


  • Eddie Lampert's 2015 Chairman Letter for Sears

    February 26, 2015

    To our Shareholders, Associates and Members,


  • Edward Lampert Shifts Investment Gears in Fourth Quarter

    Guru Edward Lampert (Trades, Portfolio) adjusted his investment approach in the fourth quarter of 2014. In the third quarter, he sold but did not buy stock. In the fourth quarter, he bought three stocks and sold none.

    Although Lampert is chairman and CEO of Sears Holdings Corp (NASDAQ:SHLD), which has been struggling, he has a solid track record as an investor. Since founding RBS Partners, L.P. in 1988, he has logged average annual returns of 29%.


  • Sears and Seven-Foot Hurdles

    A few weeks back I came across an article that someone had posted on Sears. It is a fascinating read for a few different reasons. One, I think Sears is an excellent case study of the retail industry and the difficulties of investing and allocating capital in that type of business, and two, the article was written in the summer of 1988.

    This post is not a prediction of the demise of Sears, or an indictment against those who find value in the stock, it's just my own commentary on the case study and some observations I had while reading the interesting piece.


  • Francis Chou Trades Two Sears Spin-offs

    During the third quarter, Francis Chou (Trades, Portfolio) of Chou Associates Management made only two adjustments to the Associates Fund portfolio — both companies are spin-offs of Sears Holdings (NASDAQ:SHLD) whose insiders are purchasing the stock.

    Chou began investing as a 25-year-old when he pooled an initial investment of $51,000 from coworkers and his own funds. What makes this story unique, however, is Chou and his coworkers were telephone repairmen with Bell Canada.


  • Sears Holdings Corporation Provides Update on actions to generate liquidity, fund its transformation and evolve its capital structure

    HOFFMAN ESTATES, Ill., Oct. 2, 2014 /PRNewswire/ -- Sears Holdings Corporation ("Holdings," or the "Company") (NASDAQ: SHLD) today announced that the Company expects to generate up to U.S.$380 million in proceeds from its interest in Sears Canada Inc. ("Sears Canada") by earlyNovember 2014, assuming the completion of its previously announced rights offering of Sears Canada shares to the Company's stockholders and the exercise of all such rights. Of this amount, the Company expects to receive at least $168 million in mid-to-late October from the exercise of the rights distributed to them by ESL Partners, L.P. and Edward S. Lampert, Chairman and Chief Executive Officer of Holdings and Chairman and Chief Executive Officer of ESL Investments, Inc., which collectively with their affiliates own 48.5% of Holdings' outstanding common stock.

    Fairholme Capital Management, L.L.C. also has advised Holdings that it expects that certain of its clients will participate in the rights offering at levels to be determined, subject to review of the terms and conditions of the rights offering and regulatory considerations.


  • Edward Lampert's Sears Announces Steeper Losses

    HOFFMAN ESTATES, Ill, Aug. 21, 2014 /PRNewswire/ -- Sears Holdings Corporation (NASDAQ:SHLD) today announced financial results for its second quarter ended August 2, 2014. Net loss attributable to Holdings' shareholders was $573 million ($5.39 loss per diluted share) for the second quarter of 2014, compared to $194 million ($1.83 loss per diluted share) for the prior year second quarter. Adjusted EBITDA was $(313) million for the second quarter of 2014, compared to $(78) million in the prior year second quarter. As a supplement to this announcement, a presentation, pre-recorded conference and audio webcast are available at our website http://searsholdings.com/invest.

    "We have continued to show progress in our transformation, as demonstrated by our year-over-year increase in online and multi-channel sales, and with our member sales now representing 73% of eligible sales," said Edward S. Lampert, Sears Holdings' Chairman and Chief Executive Officer. "However, our second quarter earnings are unacceptable and we are taking steps to address our performance on several levels. This includes reducing costs as we evolve our business model, investing in our Shop Your Way and Integrated Retail customer initiatives, rationalizing our physical footprint and improving pricing and promotions. As we move through the transformation, our new programs are becoming more prominent both in how we run the company and in how we serve our members, and we are pleased with how our members are responding."


  • Eddie Lampert Decreases AutoNation Position Below 9% in Brisk Selling

    At one point the owner of more than 77 million AutoNation (NYSE:AN) shares, Eddie Lampert has continually shrunk the holding since 2010, filing it down to 8.98% from 9.45% of the company after selling 973,747 shares this week, according to Real Time Picks.



  • 5-Year Lows: Pacific Coast Oil Trust, Sears Hometown & Outlet Stores Inc, Dynex Capital Inc, and Landauer Inc.

    According to GuruFocus list of 5-year lows, these Guru stocks have reached their 5-year lows: Pacific Coast Oil Trust, Sears Hometown & Outlet Stores Inc, Dynex Capital Inc, and Landauer Inc.

    Sears Hometown & Outlet Stores Inc (NAS:SHOS) Reached the 5-year Low of $21.48


  • GuruFocus Real Time Picks of the Week

    The following information is a highlight of the real-time guru activity we saw this week. To view more information on these gurus, check out their guru portfolios. The “Real Time Picks” reports the stock purchases and sells that Gurus have made within the prior two weeks. If a Guru makes a purchase or sell of a company in which they own a greater-than 5% stake, SEC regulations require them to report their transaction within two days. It was a quiet week in guru trades but we did see a couple of trades coming from Mario Gabelli (Trades, Portfolio) and Edward Lampert (Trades, Portfolio).

    Mario Gabelli (Trades, Portfolio)  

  • A Crash Course in Buying Spin-Offs

    Following the herd is the surest way of achieving mediocre performance. To produce superior returns, we have two options.

    First, be smarter or know more than the other guy. Howard Marks (Trades, Portfolio) refers to this as “second level thinking." For example, “Everyone thinks Apple has peaked and sales will begin to suffer. But I believe they are wrong and the company’s brand loyalty and continued innovation will generate greater-than-expected sales and profits. Therefore, I’m going to buy the stock even though the talking heads on CNBC prefer Samsung.”


  • Edward Lampert's Sears Holdings to Spin Off Lands' End

    Below is the Press Release from Sears Holdings.

    Sears Holdings Corporation Board of Directors Approves the Separation of its Lands' End Business and Establishes March 24, 2014 as the Record Date for the Pro-Rata Distribution of Shares of Lands' End, Inc. Common Stock


  • Is There a Huge Gap Between Price and Intrinsic Value?

    The Gap Inc. (NYSE:GPS) is a leading apparel specialty retailer that sells casual apparel for men, women, and children under the Gap, Old Navy, Banana Republic, Piperlime and Athleta brands. With a very broad spectrum of consumers, the company becomes the largest specialty apparel retailer in the U.S. Additionally, the company plans to open five Old Navy brand stores in China this year, so the focus in international markets is a driver for future revenues. The firm's competitors include American Eagle Outfitters Inc. (NYSE:AEO) and The TJX Companies Inc. (NYSE:TJX).

    Now, turning our attention to the future direction of the stock, let's take a look at the intrinsic value of this company and try to explain to investors the reasons why it is a good buy or not. In this article, we present a model that is by no means the be-all and end-all for valuation. The purpose is to force investors to evaluate different assumptions about growth and future prospects.


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