Whether it was his intention or not, it appears that Lampert is following the same path.
Lampert also holds 14, 320, 977 shares of Gap Inc. ( GPS), representing 11.6% of his portfolio.
FORBES: Edward Lampert Top Holdings - Great Gains Despite One Bad Apple
Edward S. Lampert holds 34, 617, 370 shares of AutoNation Inc. ( AN), representing 35.8% of his portfolio.
FORBES: Edward Lampert Top Holdings - Great Gains Despite One Bad Apple
Lampert has a reputation for secrecy, choosing instead to write letters to employees and shareholders.
FORBES: Eddie Lampert: This Is A Very Difficult Time To Be Investing In Retail
Mr. Lampert led the charge for cost reductions, and his management team became machete-wielding slashers.
FORBES: Sears? Stop the subsidies, sell the stock, invest in Groupon
Sales per store, a key retail benchmark, have declined every quarter since Mr. Lampert took over.
FORBES: Sears? Stop the subsidies, sell the stock, invest in Groupon
Although he was a financier and arbitrager, Mr. Lampert claimed he was a retailing genius.
Mr. Cramer promised investors would do well, because he was sure Mr. Lampert was smart.
When its bonds were worth pennies, Mr. Lampert bought them and took over the money-losing company.
FORBES: Sears? Stop the subsidies, sell the stock, invest in Groupon
Ousted employees complain that Lampert micromanages the operation and makes it impossible to complete a turnaround.
FORBES: Lampert Is Now Sears CEO--Another Odd Power Shift For The Brash Billionaire
When the two companies joined, Lampert had recently completed a cost-cutting campaign at Kmart.
FORBES: Lampert Is Now Sears CEO--Another Odd Power Shift For The Brash Billionaire
Soon after assuming control of Kmart, as it exited bankruptcy, Lampert installed Aylwin B.
FORBES: Lampert Is Now Sears CEO--Another Odd Power Shift For The Brash Billionaire
Edward Lampert also holds 12, 083, 481 shares of Genworth Financial Inc. ( GNW), representing 2.4% of his portfolio.
In Lampert, Sears does not receive a skilled turnaround CEO or a man immensely familiar with retail.
FORBES: Lampert Is Now Sears CEO--Another Odd Power Shift For The Brash Billionaire
Like Sears under chairman Eddie Lampert, Berkshire Hathaway was a company in terminal decline when Buffett bought it.
Lampert reportedly owned a significant portion of Safeway earlier in the decade, but had since sold out.
FORBES: Edward Lampert and Francis Chou's New Stocks See Biggest Gains
Lampert has purchased six stocks in the past six months and has a quarter-over-quarter turnover rate of 8%.
FORBES: Edward Lampert and Francis Chou's New Stocks See Biggest Gains
The director of the National Ethanol Vehicle Coalition, Phil Lampert, calls the program a success and a failure.
For Mr Lampert, pulling off a successful merger between Sears and Kmart is unlikely to be the end-game.
Bottom line: If you like Lampert, follow his portfolio moves and invest accordingly.
He will be replaced by the company chairman and largest shareholder, Edward Lampert.
Since Lampert took control in 2005, Sears shares have fallen more than 20%.
Lewis would manage both companies, but he would take a back-seat to Lampert.
FORBES: Lampert Is Now Sears CEO--Another Odd Power Shift For The Brash Billionaire
What Mr Lampert manages to achieve with Sears' added firepower is anybody's guess.
So it was a surprise to see Lampert relaxed, engaged and prone to lengthy answers to shareholder and media questions.
FORBES: Eddie Lampert: This Is A Very Difficult Time To Be Investing In Retail
He replaced Tina Settecase, who led the division for three years after billionaire Edward Lampert bought Sears in 2005.
Much of the rise, though, came from speculation that Lampert would take the company private or liquidate its remaining holdings.
FORBES: Insult And Injury: Eddie Lampert's Control Of Sears Gets It Booted From S&P 500
Director and 10% owner Edward S. Lampert holds 36, 334, 181 shares of Sears Holdings Corporation ( SHLD), representing 39.2% of his portfolio.
FORBES: Edward Lampert Top Holdings - Great Gains Despite One Bad Apple
In any event, Lampert continues to increase his stake in the company.
Another very exciting presentation was that of billionaire investor Eddie Lampert.
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