Sears exec buys raft of shares in Big Lots | The Columbus Dispatch
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#1 May 18, 2011
He buys stock. You publish the fact. Litle guys say, "Wow, if he buys that much it must be a good deal." They buy. The stock goes up. He sells and makes a huge profit. Prices go down and little guys take teir losses and bail. Prive goes donw more He buys 2 million this time.
#2 May 18, 2011
Yeah, I'm sure that's the plan.
OR he could see that the stock is undervalued, sales and earnings are strong and he believes the company is a good buy and fits in with his overall investment strategy (possibly leading to a takeover).
Hmmm...which scenario is more plausible?
#3 May 18, 2011
The stock purchase is the second Big Lots-Sears Holding connection to be made in as many months. In April, Big Lots announced that a Sears Holding Corp. vice president, Doug Wurl, would join the company as executive vice president, merchandising. "Coincidence? I think not," Sozzi said. "I think it's good that Lampert has someone he knows on the inside."
#4 May 18, 2011
Anything that has to do with Sears or K-Mart is bogus. Sears is going down a great big toilet since the K-Mart merger!
#5 May 18, 2011
Lampert's earnings in 2004 were estimated to be $1.02 billion, making him the first Wall Street financial manager to exceed an income of $1 billion in a single year.
I wish I have a year like dat sometime.....?....Baby!
#7 May 19, 2011
Shares of BIG sold off over 10% today, so just todat mr lampert is down over $5M.....!!!!!Baby!
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