I'm speechless by looking what this guy holds. he was supposed to be this great investor who had a clue http://www.cnbc.com/id/15840232?video=931917865&play=1
Sears made the bulk of its profit by selling credit swaps. There's absolutely no tell as to the current position of their liabilities. Lampart has held C from $40 so it's likely that he's caught on the wrong side of the CDO market as well. Sears in 2006 said: "Investors in Sears have been warned, bluntly, that putting the companyâs cash pile to work may have its downside. âThese investments are highly concentrated and involve substantial risk,â http://ftalphaville.ft.com/blog/2006/11/17/866/swaps-rather-than-stores-power-sears/