Edward Lampert
Lampert is often viewed as a value investor and his investment style is frequently described as "concentrated value". For example, at the quarter ended September 30, 2007, RBS Partners held positions in only six different companies: AutoNation (NYSE: AN), AutoZone (NYSE: AZO), Citigroup (NYSE: C), Clear Channel Communications (NYSE: CCU), Home Depot (NYSE: HD), and Sears Holdings. Despite a relatively narrow range of positions, Lampert has results to back-up his investments: since he started ESL Investments in 1988, Lampert has returned about 29% annually to his investors.
In 2004, Eddie Lampert grossed approximately $1.02 billion, making him the first Wall Street manager to exceed the $1 billion mark in regards to annual income. In 2006 and 2007, it was estimated that Mr. Lampert was worth about $3.8 and $4.5 billion, respectively.
2007 and 2008 have been rough for Lampert as Sears Holdings (Nasdaq: SHLD) shares collapsed and bets in Citigroup (NYSE: C) and other stocks have not paid off.
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Form 4 SEARS HOLDINGS CORP For: Nov 28 Filed by: ESL INVESTMENTS, INC.
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Form 4 SEARS HOLDINGS CORP For: Nov 14 Filed by: ESL INVESTMENTS, INC.
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Eddie Lampert Takes Additional 2.8% Stake in Sears Canada (SRSC)
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Form 4 SEARS HOLDINGS CORP For: Nov 10 Filed by: ESL INVESTMENTS, INC.
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Form 4 SEARS HOLDINGS CORP For: Oct 31 Filed by: ESL INVESTMENTS, INC.
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Sears (SHLD) Shorts Squeezed
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Sears Holdings (SHLD) Announces $625M Rights Offering
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Sears Holdings (SHLD) Sees Generating $380M from Sears Canada in November
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Traders Talk Up Sears Holdings (SHLD) as Eddie Lampert Steps In with $400M Financing
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Sears Holdings (SHLD) Enters $400M Secured Loan Agreement with ESL Investments Affiliates
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Form 4 SEARS HOLDINGS CORP For: Aug 29 Filed by: RBS PARTNERS, L.P.
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Eddie Lampert Adds to Sears Holding (SHLD) Control
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Sears Holding (SHLD) Higher on Mulally Speculation
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Lands' End (LE) Will Still Have Some Tough Going Following Sears Spin - Barron's
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Goldman Sachs (GS) clients said to ask for money back from Lampert's ESL - WSJ
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Sears' (SHLD) Lampert: We'd Consider Other Asset Sales
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UPDATE: Sears Holding Corp. (SHLD) Reports Q1 Loss of $1.29
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Lampert Hints That More Consolidation at Sears (SHLD) is Likely
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Eddie Lampert Buys 1.24M Sears (SHLD) Shares... From Himself
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Sears (SHLD): Thanks for the Great Quarter, JCPenney! (JCP)
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Eddie Lampert Continues Quest to Control Everything 'Sears' (SHLD)
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Top 10 News Items for 01/07 to 01/11: BofA Ends Battle with Sallie; Record Sales at AT&T; A Cheaper iPhone?; Herbalife Tested
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Market Wrap: Alcoa Kicks-Off Q4 Madness!; AT&T's Record Sales; Clearwire Back in Play; AIG vs. U.S.?
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Sears (SHLD) CEO D'Ambrosio to Step Down; Eddie Lampert to Assume Role
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Sears Holdings (SHLD) Up on Insider Buying, But is it Really Just a Wash?
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Pre-Open Movers 9/6: (OREX) (MW) (CALL) Higher; (OCZ) (PAY) (WCRX) Lower (more...)
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Canaccord Genuity Morning Coffee on Sears Holdings (SHLD): Breaking It Off
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Sears (SHLD) Could be a Near Double - Barron's
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Lampert's Right-Hand Man Crowley Exits Ahead of Lock-Up Expiration
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Canaccord Genuity Morning Coffee on Sears Holdings (SHLD): Attention Kmart Shoppers
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UPDATE: Lampert Sees 'Possibility' for Sears' (SHLD) Land's End Brand to Be Separated, Licensing of Brands Also Mentioned
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Sears Holdings (SHLD) Up As Eddie Lampert To Co-Host CNBC Show
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Market Wrap: Apple's Strike Three at Foxconn; RIM's Good/Bad Report; Initial Claims Continue Falling
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Lampert Seeks to Sell, Re-License Sears' (SHLD) Lands' End Segment
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Eddie Lampert's Hedge Fund Moves to Shore Up Sears (SHLD) Vendor Financing
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Sears Holdings (SHLD) to Separate Hometown, Outlet Businesses
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Lampert's RBS Partners Raises iStar Financial (SFI), Cuts Nearly Everything Else; All Out of Cisco (CSCO) and Wells Fargo (WFC)
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Berkowitz Says Sears Holdings' (SHLD) Intrinsic Value is a "Pretty Big Number"
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Nomura Securities Maintains a 'Buy' on AutoZone (AZO); ESL Hangover Worn Off
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Is the Sears (SHLD) Short Squeeze Over? If So Look Out Below
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"Shock and Awe" at Sears Holdings (SHLD) Short Squeeze
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Sears Holding (SHLD) Continues to Surge on Likely Bogus Rumors
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Sears (SHLD) Continues Higher on Lampert Chatter
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Eddie Lampert Has Blown Billions in Sears (SHLD) Shareholder Wealth
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Eddie Lampert's Shows New Stake In Gap (GPS), Raising Eyebrows; Sells All Citigroup (C)
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Berkowitz Compares Sears (SHLD) to Apple; Says Stock is Cheap
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Lampert's RBS Partners Reduces Holdings, Gets Financial Exposure with Genworth (GNW)
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Sears Holdings (SHLD) Q1 Profits Fall, But Beat Estimates
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Eddie Lampert's RBS Maintains Stakes in Citi, CIT, Reduces Exposure to Other Financials, Takes a Little Sears Off the Table
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Highlights from 13F for Eddie Lampert's RBS Partners: Increased Exposure to Financials, Maintained Massive Holdings in Sears, AutoZone, AutoNation

