Welcome to the LakeView Asset Management Blog hosted by myself, Scott Rothbort. I hope to share with you some of my thoughts from the world of investments, academia and the world in general.
Today (or shall I say, this week) is back to school. So far, my observations at retail stores indicate that we have a very brisk and healthy back to school season. In particular, I saw lines and heavy shopper activity at Staples (SPLS) and Sears (SHLD). I have held SHLD for our client accounts since the stock was Kmart.
Today SHLD is up on strong volume with the stock price advancing above the level at which it closed the day before announcing earnings in August. Helping the stock today is information fresh from the SHLD 10-Q in which the company disclosed a nearly 2.3 million share buyback. More buybacks are no doubt on the way.
On the day of the earnings release, I spoke on Bloomberg TV about some of my thoughts on Sears and its ace Chairman, Eddie Lampert.
At the time of this blog entry, Scott Rothbort, his family and or clients of LakeView Asset Management, LLC were long shares of Sears Holdings (SHLD)