Doubting Lampert....again
By Yorkville Manag... on Sat, 2008-01-26 20:15
(via www.nytimes.com)
Here is another story wondering if Edward S. Lampert has lost his touch.
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Be sure not to miss this last quote in the article:
"He did really well on Autozone,” said Bruce Greenwald, a professor of finance and economics at Columbia University. “Most of his stocks are retail stocks, and he has done really well with them. So he decided he was a genius at retail, and it didn’t occur to him he could be wrong about it. He believed his own press.”
Ouch, that comment by Greenwald has got to hurt.