[…] I have not yet given up following the illusive, opaque and often strange meanderings of Sears (SHLD) chief, Edward “Eddie” Lampert, as he continues what I often referred to as an “abracadabra” strategy: now you see it; now you don’t. […]
[…] think about it. It’s a win-win for both Jeff “Get Big Fast” Bezos and Eddie “Take the Money and Run” Lampert. Amazon gets roughly 2400 US stores (or “buildings”), overnight (1300 Sears, 1100 Kmart). The acquisition becomes Bezos’ answer to […]
I am compelled to weigh in on “Eddie’s” (Edward Lampert’s) recent Sears Holdings financial announcement, even though I wrote a major article just a short time ago, deliberating on what his intentions were for the business and my opinion on […]
[…] Nothing Left But its Past. As I said then, there’s nothing left but its past. Well, “Abracadabra, fast buck, Eddie-the-magician Lampert” has once again given me reason to write another missive on his uncanny ability to squeeze even more cash […]
Well folks, it could finally be “curtains” for my favorite piñata, Edward “Eddie” Lampert, CEO of Sears Holdings. His own personal ATM machine (Sears), which has spewed billions in cash every time he keyed in the right password, is about […]
I really thought I was done with beating on Eddie “Take the Money and Run” Lampert when I last wrote about his sinking ship, “Sears Titanic: SOS” on February 5, 2016. But no such luck. It’s worse than watching the […]
[…] trouble, the CEOs defaulted to the playbooks they used in their former careers. A dramatic example is Sears under Eddie Lampert’s fatal ownership. Following his failure to turn around the retail business, he resorted to his financial acumen and “financially […]
[…] separated retail and real estate (values). From the get-go, LINK I compared his retail-to-real estate default game plan to Eddie Lampert’s ultimate retail-to-financial engineering default (Richard Baker Is My Name – Real Estate Is My Game) Both Baker and Lampert […]
[…] Bernstein, pulled its “plug,” unloading about 23 million shares. Ironically, as speculation mounted about who bought the shares, Edward “Eddie” Lampert’s name came up, mainly because he’s developed a trademark act of shrinking his way to riches. Makes sense, since […]
[…] lower leases if anchor (JCP) tenants leave. And Hudson Bay? Forget about it. I have compared Richard Baker to Eddie Lampert (which flattered him by the way). Baker defaults to real estate, his core DNA. He is brilliant at what […]
