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.
I hope it's the former with a double dose of brilliance. SHLD is currently selling where it was 10 years ago; at a price (currently $36+) which I believe is less than 1/2 of what he paid. I sure hope he knows something that the rest of us Fairhole followers don't..