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Thursday
Jan072010

A Billion Dollar Day for Eddie Lampert?

DateThursday, January 7, 2010 at 04:20AM

Sears Holdings raised guidance by quite a bit this morning, and the stock is currently up $13.63 in pre-market trading.  As the majority owner of SHLD shares, Eddie Lampert stands to make a fortune today.  As of their last filing, Lampert's firm owned 66,024,366 shares (57.13% of the company).  A gain of $13.63 in the stock translates into a gain of $899,912,109 for Lampert.  For Lampert to have a billion dollar day in SHLD, the stock needs to close up $15.15.


Sears


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