Once America’s largest retailer, it now finds itself between a rock and a hard place — down market from Target, but not as cheap as Wal-Mart.
Lampert’s most recent investment’s have been in Citigroup — at significantly higher prices. (Not very Buffett-like)
Go figure: A hedge fund manager with no retail experience is having a hard time turning around these two faded giants on the cheap . . . Who ever could have seen that coming?
The Marriage From Hell
Why Eddie Lampert’s failing Sears-Kmart experiment could mean trouble
for dealmakers everywhere
Why Sears Must Engineer Its Own Makeover
Retailer’s Profit Warning Signals a Persisting Slide; Rivals Hurt Storied Brands
WSJ, January 15, 2008
Sears Is No Berkshire Hathaway, Just A Troubled Retailer
Dow Jones, January 14, 2008: 03:00 PM
Sears Warns of Another Steep Drop in Profit
NYT, January 15, 2008
Lampert: Architect of Sears-Kmart Deal Compared To Buffett
Forbes, 11.17.04, 5:49 PM ET