Markets

Warren Buffett predicted the fall of Eddie Lampert and Sears over a decade ago

Sears will ask a bankruptcy judge to pursue liquidation, which would mark the end of the iconic retailer’s downward spiral. The retailer also rejected a takeover offer from former Sears CEO Eddie Lampert, once called the “next Warren Buffett.” Buffett predicted the retailer’s and Lampert’s downfall in 2005. “Turning around […]
Warren Buffett predicted the fall of Eddie Lampert and Sears over a decade ago
News

Five Disturbing Signs That Sears Is Getting Closer To Death

Sears is in trouble. The company has shut down hundreds of stores in recent years and has been selling its most profitable locations to raise cash. Today, the company made the big announcement it was considering spinning off its Land’s End and Sears Auto Center businesses — a huge sign […]
Five Disturbing Signs That Sears Is Getting Closer To Death
News

Eddie Lampert Will Be An Unmitigated Disaster As Sears CEO

“And you know the surest way to go broke? Keep getting an increasing share of a shrinking market. Down the tubes. Slow but sure. You know, at one time there must’ve been dozens of companies making buggy whips. And I’ll bet the last company around was the one that made […]
Eddie Lampert Will Be An Unmitigated Disaster As Sears CEO
Markets

Investigative Report Reveals ‘Toxic And Defeated’ Mood At Eddie Lampert’s Sears

[credit provider=”justj000lie / Flickr, CC.” url=”http://www.flickr.com/photos/juliesjournal/”] A blistering report portraying a slow-moving trainwreck at Sears is likely to reignite fears that the company is in serious trouble.  Crain Chicago’s Brigid Sweeney, says the mood at the Chicago-based retailer has become “toxic and defeated” since hedge fund manager Eddie Lampert merged […]
Investigative Report Reveals ‘Toxic And Defeated’ Mood At Eddie Lampert’s Sears
Markets

Here’s Everything We Learned From This Morning’s Historic Edition Of CNBC’s Squawk Box

[credit provider=”CNBC” url=”http://video.cnbc.com/gallery/?video=3000081922&play=1″] You really missed out if you didn’t catch CNBC’s “Squawk Box” this morning, which featured an epic lineup of financial industry heavyweights. Guests included Barry Sternlicht, chairman and CEO of Starwood Capital Group; Eddie Lampert, founder of ESL Partners and chairman Sears Holdings; David Bonderman, founding partner of […]
Here’s Everything We Learned From This Morning’s Historic Edition Of CNBC’s Squawk Box
Markets

Here Are The 10 Hedge Funds With The Most Exposure To Sears Holdings

[credit provider=”The Deal Sleuth”] Sears Holdings, the parent company of Kmart, Sears and Roebuck and Co, announced plans to close 100 to 120 of its stores sending its shares sharply lower Tuesday. This quarter to date, the retailer’s comparable store sales at Kmart and Sears fell 4.4% and 6.0%, respectively.
Here Are The 10 Hedge Funds With The Most Exposure To Sears Holdings