Sears exec buys raft of shares in Big...

Sears exec buys raft of shares in Big Lots | The Columbus Dispatch

There are 6 comments on the Columbus Dispatch story from May 18, 2011, titled Sears exec buys raft of shares in Big Lots | The Columbus Dispatch. In it, Columbus Dispatch reports that:

The chairman of Sears Holdings Corp. has bought a stake in Big Lots. Billionaire hedge-fund manager Eddie Lampert, whom BusinessWeek dubbed in 2004 "the next Warren Buffett," bought 1.3 million shares of the Columbus-based closeout retailer during the first quarter, according to a filing with the Securities and Exchange Commission.

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mckeestown

Lancaster, OH

#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.
Riiiiight

Wooster, OH

#2 May 18, 2011
mckeestown wrote:
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.
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?
Kman

Marion, OH

#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."

INSIDER TRADING?
cat980h

Columbus, OH

#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!
animal control

Bucyrus, OH

#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!

http://en.wikipedia.org/wiki/Edward_Lampert
animal control

Bucyrus, OH

#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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