Sears Holding’s Edward Lampert’s Letter to Shareholders $$
- Posted by ToddSullivan
- on February 26th, 2009
This is a fascinating letter. Lampert addresses “mark-to-market”, short sellers, regulation, Lehman, Bear Sterns, AIG, Banks, the Austrian School ,Hyaek and more. He also addresses critics who chastised him for not spending more as today competitors liquidate, drastically cut back plans and he sits on $1.3 billion in cash.
Edward Lampert’s Letter to Shareholders 2/2009
Disclosure (“none” means no position):Long SHLD
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