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Sears Holdings
Below is a link to the 2014 Sears Holdings Chairman’s Letter written by Edward Lampert.  I always find Eddie’s insight to be extremely valuable despite the obvious struggles that he has had in improving the financial results of Sears Holding.  The biggest critique I have of Eddie is not offloading more real estate and shutting...
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Fairholme Funds and Bruce Berkowitz had another fabulous year in many of the same positions that we are heavy in at T&T Capital Management (TTCM).  He has large positions in AIG, Bank of America and Sears Holdings to name a few.  I found it very interesting that he mentioned his appraisal of Sears’s NAV to...
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Sears Holdings (SHLD) is undoubtedly one of the most hated stocks on Wall Street.  A major reason for the animosity is Wall Street’s focus on the primacy of the income statement and Sears is not a profitable retail operation.  Analysts’ that also cover profitable retailers such as Wal-Mart (WMT) or Target (TGT) are befuddled by...
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http://www.searsholdings.com/invest/index.htm#letter INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.
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http://www.fairholmefunds.com/sites/default/files/120815%20SHLD%20Presentation.pdf INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.
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Edward Lampert Chairman of Sears Holdings (SHLD) is continuing with the process of monetizing the company’s brands.  Lands End is one of their key brands along with Kenmore, Craftsman, and DieHard, and it appears to be on the sale block.  Reportedly the asking price is about $2 Billion which would be a big boon to...
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Here is an article providing more evidence of the resources that Edward Lampert the Chairman of Sears Holdings, is putting towards protecting the company.  The late December stock crash and poor financial results caused large factoring suppliers such at CIT to reassess their ongoing relationship with the company.  These institutions that provide financing on account...
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I hope that you had a wonderful Christmas.  Today Sears Holdings announced that they are closing 100-120 stores and that they will be selling the inventory and real estate to raise cash.  While the market has reacted unfavorably to this announcement, we see it as a huge positive from an investor’s point of view.  When...
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