Famed value investors have been buying shares of Sears Holdings (SHLD).
Mohnish Pabri, Managing Partner of Pabrai Investment Funds swapped shares in Berkshire Hathaway (BRK.B)”B” shares for 516,210 shares of Sears at an average price of about $118 a share.
Bruce Berkowitz, the founder and the Managing Member of the Fairholme Fund added an additional 3.2 million shares of the retailer bringing his total to 6.176 million shares.
Pershing Square’s Bill Ackman (ever heard about him?) increased his stake in Sears to 6.15 million shares from 5 million shares last quarter.
Disclosure (“none” means no position):Long SHLD, None
6 replies on “Value Investors Buying Sears Holdings Shares”
Its like the whose who of value investing is getting in on sears.
nice isn’t it?
Not that I’m a huge Cramer fan but even he is into it with his charity fund or what ever. That caused some panic for me but its hard not think something big is going on. Then, when Whitney Tilson came out and said is fund is buying some I couldent deny it any more. Its impressive, Todd. Really impressive but the ride is far from over.
lampert is only what 42?
we got at least another 35 years with him..
Todd,
Lampert is 45. But, yes.. it will be quite the ride. I have invested 10k in SHLD and plan to just ride along with Eddie through the years.
I plan on doubling my position as soon as Sears announces 4Q results on 2/28/08. Hopefully it sells off a bit and I get my new shares at a little discount.