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Off Topic => Ten Forward => Topic started by: Jack Morris on October 26, 2004, 05:08:53 pm

Title: Is there any stopping of Kmart? Not according to this guy.
Post by: Jack Morris on October 26, 2004, 05:08:53 pm
SmartMoney Nov 2004 issue page 98

Edward S. Lampert
CEO, ESL Investments

Not many hedge fund managers' trades get Wall Street's attention the way Lampert's do. More than a few big investors arekicking themselves for selling Kmart bonds to Lampert at pennies on the dollar, only to watch him make a killing by bringing the retailer back from the dead. Sinced it emerged from bankruptcy, Kmart's shares have gone from $22 to $91.32 a share. Now for his encore, many suspect Lampert, 42, wants to turn Kmart into another Berkshire Hathaway ($84,700 A SHARE for Class A stock! Class Bs feth $2,900!), a shell firm with investments in real estate and other companies. Deutsche Bank retail analyst Louis Taylor says Kmart's real estate alone could be worth $150.00 a share, which would raise the value of Lampert's stake to nearly $8 BILLION dollars. Recently Lampert has been buying Safeway and Sears.

Kmart
http://finance.yahoo.com/q/bc?s=KMRT&t=1y

Safeway
http://finance.yahoo.com/q/bc?s=SWY&t=1y

Sears
http://finance.yahoo.com/q/bc?s=S&t=6m

Notice this man is buying stock in companies that are on the downturn?

Warren Buffet is still the king of stocks though, IMO.
Title: Re: Is there any stopping of Kmart? Not according to this guy.
Post by: AlienLXIX on October 28, 2004, 05:16:09 pm
Is that why there is big talk about turning one of the KMarts here in Hawaii into a Sears?
Title: Re: Is there any stopping of Kmart? Not according to this guy.
Post by: Jack Morris on October 30, 2004, 05:03:53 pm
Alien, look at stock value of Wal-Fart vs Sears, this guy is NOT playing around.
Title: Re: Is there any stopping of Kmart? Not according to this guy.
Post by: Jack Morris on November 17, 2004, 11:21:05 am
Look at the value today and what was announced.

http://story.news.yahoo.com/news?tmpl=story&ncid=&e=2&u=/ap/20041117/ap_on_bi_ge/kmart_sears_merger
Title: Re: Is there any stopping of Kmart? Not according to this guy.
Post by: Abfalter on November 18, 2004, 03:02:39 pm
Quote from: AlienLXIX on October 28, 2004, 05:16:09 pm
Is that why there is big talk about turning one of the KMarts here in Hawaii into a Sears?

That is exactly why, I read that in one of the news stories.  Some KMarts will be turned into "Sears Service" or something like that.  Not exactly Sears, but a new store with Sears in the name.  No mention of turning Sears into KMarts!

I wonder how much of this is just the ability to sell their goods without the stigma attached to the K-Mart name (which, if you look in a thesarus, is a synonym to 'cheap cr@p'.

Title: Re: Is there any stopping of Kmart? Not according to this guy.
Post by: GE-Raven on November 18, 2004, 03:05:26 pm
God people I am so ashamed of ALL of you.

Sears + K-Mart = ?

DUH... S - Mart

Shop smart, shop S-Mart.  You can now expect the apocalypse is nigh.

GE-Raven
Title: Re: Is there any stopping of Kmart? Not according to this guy.
Post by: Ravok on November 18, 2004, 07:44:19 pm
Quote from: GE-Raven on November 18, 2004, 03:05:26 pm
God people I am so ashamed of ALL of you.

Sears + K-Mart = ?

DUH... S - Mart

Shop smart, shop S-Mart.  You can now expect the apocalypse is nigh.

GE-Raven


 :lol: :rofl: :rofl: :rofl: :rofl: :thumbsup: Good one +1 for you!