This is truly great stuff. Mr. Berkowitz talks about Lampert & Sears (SHLD), the current economy, the case for HMO’s and defense companies and more. This is one of the best one of these I have ever heard.
Disclosure (“none” means no position):
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4 replies on “Fairholme’s Bruce Berkowitz Press Conference”
I’ve done a fair amount of research, and it turns out that Most people don’t realize how much money there is out there. During economic times like this, there is more money to be had than ever. Because of the bailouts and economy, lenders are bending over backwards to bail you out too. Believe it or not, there is people getting tons of cheap money nowdays to start businesses, buy homes, pay off debt, and more. Bailout is for you too!
Todd, excellent conference call. It almost convinced me to buy SHLD, but as he said: Too many ideas too little cash.
How did you get a hold on it?
was emailed to me
Personally I don’t feel it was so good. It seems he is admitting buying too high and that he may be right or wrong. As far as going private he said it could happen no mention of a conflict of interest or merger with Autonation and Autozone. What did I miss the comparison to BRK,,,give me a break.