Eddie Lampert At Sears Holdings (SHLD) Annual Meeting [VIDEO]

Video Highlights Of Sears 2015 Annual Meeting by Eddie Lampert, SHC Speaks.

One of the most frequently asked questions I have received over the last nine months is “How are you going to fund the ambitious transformation you’re undertaking?” At our recent Annual Meeting of Stockholders, I addressed how we are funding our transformation, transitioning to become an asset-light retailer and the steps we’re taking to restore Sears Holdings to a profitable integrated retailer that helps people manage their lives.

Here is a bit more of what I shared with our shareholders, associates and other partners:

Transitioning to an Asset-Light Business Model

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Volatility"For most of the last century," Seth Klarman noted in his second-quarter letter to Baupost's investors, "a reasonable approach to assessing a company's future prospects was to expect mean reversion." He went on to explain that fluctuations in business performance were largely cyclical, and investors could profit from this buying low and selling high. Also Read More

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