Sears Kmart Merger How Do Term Paper

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In fact, Lampert is cited as still frequently drawing his top picks from consulting the shareholder letters of Buffet, and drawing from Buffet's advice to guide him in his own investment decisions.

Warren Buffet is famed as the billionaire chairman of Berkshire Hathaway Inc. Like Buffett, Lampert is said to seek investments in "stable businesses with predictable income streams that have very strong brands," that are currently suffering troubled fortunes but are not fundamentally misguided in their core brand concepts (Weiss, & DiStefa 2007). For example, in his own investment strategies, Buffet resisted the dot.com boom and bust, by and large, and so did Lampert. Buffet prefers companies that are traditional blue chips that produce products you can see, touch, and can count upon to build a customer base steadily, over time.

Likewise, Lampert has staked his reputation upon companies such as Kmart and Citigroup, amongst others, which were experiencing difficulty but were still well-known around the world.

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These companies, although Lampert may have acquired them during difficult periods in their history, had shown potential in the past. Like Buffet, Lampert, despite his reputation as an 'activist shareholder' is also willing to hold a company over the long-term as it rebuilds and regains its former market share: "Unlike many hedge funds, [Lampert's] ESL takes large stakes in a few companies and holds them for years. ESL's filing yesterday shows the firm owns shares in AutoZone, AutoNation Inc., Clear Channel Communications Inc., Motorola Inc. And Sears, in addition to Citigroup" (Weiss, & DiStefa 2007). While both investment gurus may have flashy reputations, neither man is drawn to 'flashes in the pan' when it comes to choosing companies.

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