Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 2
I can't help but wonder if Eddie Lampert is learning that lesson with Kmart and Sears.

According to Bruce Berkowitz, the story is about the real estate. He's been saying the same thing for years now. There was an OID issue many years ago where he refers to a bottom-up valuation of the real estate (but this was before the crash).

This recording of his presentation at Columbia a few days ago is worth listening to in general. He talks about Sears toward the end of the Q&A.

http://investinginknowledge.com/info/2013/02/bruce-berkowitz...
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.