1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies

Sears investors itching for Lampert to let loose

October 21, 2005

Investors thought they knew what Edward Lampert's game plan was at Sears Holdings Corp: Sell off hundreds, or thousands, of stores, auction non-core assets like Lands' End, tighten inventories and slash capital spending.

In short, they expected the billionaire hedge fund operator to employ the same golden touch he had wielded as chairman of Kmart Holding Corp.

Now, seven months after Kmart's takeover of Sears, some investors are growing restless.

"Where are we? We don't have any real estate deals done yet," fumes Jeffrey Maillet of Noble Asset Management, a Chicago-based hedge fund that holds Sears shares. "We want to see a clearly defined catalyst for moving the value of this firm up to where we think it should be--which is a heck of a lot higher than it is now."


Rating: 4.0/5 (1 vote)


Please leave your comment:

More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

Performances of the stocks mentioned by

User Generated Screeners

patelmhMY VALUE
rael2222prova dcf
gelayor65All Stocks Insider Buys
gelayor65All Stocks With Blackrock Shak
gelayor65All Stocks With Blackrock Insi
liuzishuoverwrite 'Dividend Initiation
liuzishuDividend Initiation
pbarker46Dividend Growth
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat