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1 pt

Ackman May Be Active, But Not at Sears

 May 07, 2008 11:23 AM UTC
Return Risk
-17.26% MID
Tracked Blogger
Symbol Sentiment Start Return Closed
WMT n/a
JPM n/a
SHLD Positive 05/07/08 -23.61% 06/26/08
M n/a
TGT n/a
JCP n/a

Graphic_arrow1 Via Long Investment Ideas from Seeking Alpha:  

With the news that Target (TGT) has agreed to sell $3.6 billion worth
of credit card receivables to JP Morgan (JPM), one cannot help but
notice Ackman has not made a single demand from Edward Lampert at Sears
holdings (SHLD). This would be the only investment in memory he has
taken such a stance.<!--more-->


Ackman was at Sears' annual meeting and did ask a few benign questions. According to Ackman, his 5 million share investment in Sears "is due to Eddie Lampert".

Nowsome will say that Ackman has been quiet because "he knows Lampert" orsome such foolishness. Let's be honest, you do not invest over $500million and keep quiet if you think things are not being done properly.Last time I checked, Ackman was loath to not speak up when he thoughtmanagement was not doing the proper things.

Now, some out there haveclaimed Lampert's statement that Sears was "cutting costs"...



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