https://www.gurufocus.com/guru/edward+lampert/profile
lulz at "Lampert has significant experience investing in the retail arena. " Better sell that boat!
8 replies (most recent on top)
sound like he's mopping the decK of the Titanic
Its just his hedge fund holdings, he has at least as much personal stock in autonation, seritage and lands ends and probably other investments. Its easy enough to find. He recently sold autonation stock from the hedge fund and bought a ton of seritage.
Not very much, it's known what he sold out of ESL, and what he purchased. If he's a 5% owner of anything, it has to be reported. He's invested in a number of As Seen on TV type things that went nowhere as well because he thinks he can be like Mark Cuban. Mostly he bet all his chips on TransformCo, which we know is a loan borrowing incinerator, and he had to sc-ape together his own cash just to make that happen at the stroke of midnight without losing his everything, and even that wasn't enough to last for very long. His marriage partner for all this, Fairholme's Bruce Berkowitz also left throwing out Eddie's laundry in a huff when they parted ways.
But how many millions or billions does he have in all the other LLCs???
He made out like a bandit selling all that stock. He should have enough money now to not have to work the remainder of his life!
It means nothing. In 2010 he owned $12B in stock, now he owns $93M.
He sold stock..... stop the presses!!!
lol. we know what happened to his assets. SHLDQ, SHOS, and other fine investments. he's got a little cash from dividends, but mostly the mortgaged to the hilt.
This merely means he's been aggressively offshoring his assets.
If anything he'll get a bigger yacht.