IT MIGHT BE A WRAP FOR SEARS!

September 11, 2009


The long awaited turnaround story at Sears may never happen. Why? Because reclusive hedge fund impresario and Sears Holding Corp. Chairman Edward Lampert doesn’t know how to run a retail business, says Jeff Matthews of hedge fund RAM Partners.

After Sears posted a surprise quarterly loss, a Barron’s report on August 24 stated the stock could fall another 50%. Lampert shot back with a letter claiming the article was “inaccurate” and “biased.”
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