Agreed, it does not build confidence. Eddie didn't land on Forbes list of richest people by being stupid.
I'm guessing OSH is more of a nuisance to him than anything right now, and such a small part of his portfolio.
Eddies' fortunes are tied to SHLD. Both now and in the future. If he's going to be the next Warren Buffett it's going to happen through SHLD. He's relentless when it comes to buying that stock.
That said, when he's done selling it will lift a huge overhang on the stock of OSH. If the new and remodeled stores continue to perform as well as they have, a lot of money can be made by anyone who has gotten into the stock at these levels. Good luck longs!