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His Hedge Fund bought a bunch of Sears debt and he took an activist investment which meant becoming CEO of Sears, in order to make his investment valuable. Not
by gammateam 8y ago
His Hedge Fund bought a bunch of Sears debt and he took an activist investment which meant becoming CEO of Sears, in order to make his investment valuable.
Note: this is what Warren Buffett did several times, with massive leverage, to make his riches before he became the baby boomer conservative investment guru.
Sears just happens to be a household name that is getting a lot of discerning eyes on it.
- deleted 8y ago[deleted]