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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CHICAGO--(BUSINESS WIRE)-- Fitch Ratings assigns a rating of 'BBB' to AutoZone, Inc.'s (AutoZone) $500 million 5.75% senior unsecured notes due January 2015. The proceeds from the offering will be used for general corporate purposes, which include repaying, redeeming or repurchasing existing debt, repurchasing common stock and for working capital uses and capital expenditures. The notes include change of control and coupon step-up provisions. The Rating Outlook is Stable. The ratings reflect AutoZone's leading position in the retail auto parts and accessories aftermarket and its wide geographic reach with 4,340 ...
FBR Capital commented on the sale of AutoZone (NYSE: AZO) stock by its largest holder Eddie Lampert, saying its supports their Underperform rating.
FBR notes SEC filings showed Lampert and his ESL Investment hedge ...
Shares of AutoZone Inc. (NYSE: AZO) are a little weaker this morning after SEC filings after the close showed that the company's largest holder, Eddie Lampert, sold 454,153 shares into the ...
Shares of AutoNation Inc. (NYSE: AN) are higher today following a filing from Microsoft founder Bill Gates' Cascade Investment showing its stake was raised slightly to 12.2%, or 21,657,788 shares. Gates had ...
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Bill Gates' Investment Groups Boosts Stake in AutoNation (AN) to 10%
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Ackman Answers A Question On Sears Holdings (SHLD)
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ARGUS Maintains 'Hold' on AutoZone (AZO), Saying Buyback No Replacement For Organic Growth
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Lampert's RBS Partners Adds to Stakes in AutoNation (AN), AutoZone (AZO), Pares Stakes in Home Depot (HD), Centex (CTX) and KB Home (KBH)
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Lampert's RBS Partners Cuts Stakes in KBH, CTX, HD
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AutoZone (AZO) Raises Buyback By $500M, Enters Agreement With Major Holder ESL
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Glenhill Advisors Boosts Stake in Acxiom (ACXM) to 5.3%
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Lampert Shows New Stakes in CIT, KB Home, PHH, SLM; Raises Stake in Home Depot, AutoNation
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Eddie Lampert Shows New 1.4M Share Stake in PHH Corp. (PHH)
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Eddie Lampert Makes Bad Bet In Sallie Mae (SLM), Loses $200M in 6 Months
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Shares of Sears (SHLD) Spike on Rumors That Icahn Could Take a Stake
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Following Eddie: Could Acxiom (ACXM) Be Worth A Look?
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Summary of Eddie Lampert's RBS Partners 13F: Shows Stake in Acxiom (ACXM), Boosts AutoNation (AN), Lowers Citigroup (C)
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Eddie Lampert Shows 3.3M Share Stake in Acxiom (ACXM)
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Lampert Cuts Stake in Citi (C)
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Restoration Hardware (RSTO) Sinks on Buyout Concerns
