Edward "Eddie" Lampert is the chairman of Sears Holding Corporation (SHLD). He is 316th on Forbes's list of the world's richest people, and because of his value investing style has been called the next Warren Buffett by many. During the last quarter of 2010, he picked up the following stocks: CSCO, GPS, and HRB. So what do we think of his latest acquisitions?
Cisco Systems (CSCO): We're big fans of Cisco over here at Royalty Trades. It's not one of our Top Stock Picks, but we like it's PE and its momentum.
Gap Inc (GPS): We're not the hugest fan of retail stocks, but again, with its PE and momentum, we definitely think Eddie could have done worse.
H and R Block Inc. (HRB): Now here's where we have to part with Eddie. Like the previous two, HRB has a good PE and momentum. But its most recent quarterly earnings report missed analyst estimates by quite a bit. This might be a long term value play, but for now we'd stay away.
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