Lampert's Shopping Spree
His investments in Sears and Kmart have been hugely lucrative, even with the merged Sears Holdings stock down 25% from its peak.
by Julia Boorstin

(FORTUNE Magazine) - Kmart

January '02 Kmart files for Chapter 11. 2002: Lampert begins buying Kmart debt.

January '03 Lampert's purchases reach $800 MILLION MAY '03 Kmart emerges from bankruptcy. May '03 Lampert's debt converts to equity. He now owns 54% of Kmart. Value of Investment: $1 billion

June '04 Sears agrees to buy 50 stores from Kmart. Value: $3.9 billion

November '04 Kmart announces it is buying Sears. Value: $5.9 billion

Sears

2000: Lampert begins buying Sears stock.

June '03 Lampert discloses that he owns 10% of Sears. Value: $1 billion

June '04 Sears agrees to buy 50 stores from Kmart. Value: $1.1 billion

November '04 Kmart announces it is buying Sears. Value: $1.6 billion

Sears Holdings

March '05 Sears Holdings begins trading. Lampert owns 39%. Value: $8.5 billion

July '05 Stock rockets to $163. Value: $10.5 billion

February '06 Stock is at $121. Value: $7.9 billion 2006 Top of page

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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.