ESL’s Lampert Rides Sears’ Stock Up
For some reason investors have fallen back in love with Sears, its stock quadrupling since late 2008. Sears’ customers, however, are still shunning the company. Nevertheless, ESL's Eddie Lampert’s investments are still heavily dependent upon Sears.
Stephen Taub
May 4, 2010
Kmart chairman Edward Lampert listens during a news conference to announce the merger of Kmart and Sears in New York Wednesday, Nov. 17, 2004. Kmart is acquiring Sears, one of the most venerable names in U.S. retailing, in a surprise $11 billion deal that will create the nation's third-largest retailer. (AP Photo/Gregory Bull)
GREGORY BULL/AP
