For 3-4 yrs. I've suggested in many ways the Mr. Berkowitz dump SHLD. It's price has now fallen below $20 a sh. which in my estimation represents about a 75% loss on this investment. It would have to go up by 400% to break even. So much for this brilliant investment idea. At this point, maybe something may come of all the recent manipulations. Fellow investors: did I miss something. Go ahead, make me feel better.
Looking at this funds persfomance should clearly see why this fund is my largest holding: 26 up years ; 2 down years ( one of the 2 down yrs. a little over 1 %. - the other in 2008 down c. 27% - in a little over a year and a 1/2 made up for that loss. and onward and forward. Very few funds can match that kind of performance, especially with such low volitity. The record speaks for itself. The only other fund I like better is FPACX - managed by Steven Romick, maybe the best investor, for the fearful, on the planet.
Thanks for your thoughts. I was actually asking about my daughter. Don't want to steer her wrong. I am also heavy into t.Rowe Price's health care fund. I am convinced that with 10,000 people hitting 65 each day - for the next dozen or so years, health care is a really good bet. We're in for 20% and am considering even more.
So... SHLD borrows a chunk of money from its CEO's private investment co. and then secures the debt with 25 of SHLDs stores (stores of Eddie Lampert's choosing). Who else would know better which are the best of te bunch. Such a sorry saga. We FAIRX bag holders , like other SHLD shareholders are being drained and hung out to dry. SHLD is now selling near $30 a share; more than 60% below the price that some have said Mr. Berkowitz paid. Very disheartening
As another long term holder, may I add that you are partially correct. SWZ has also been an underperforming asset with a weak management. I only keep it as it is my only pure western european holding and domiciled in the most stabile country. Let us all hope for a brighter future for SWZ and us.