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Does Bruce Berkowitz's Sears Math Add Up? Do Your Own Diligence
Long Investing Ideas from Seeking Alpha
Tue, 29 Jan 2013
By Adam Smith : Bruce Berkowitz is one of the most highly respected mutual fund managers. His Fairholme Fund (FAIRX) is one of the best performing mutual funds of the decade. For several years, I have been reading about one of Berkowitz's favorite positions, Sears Holdings Corp. ( SHLD ). One of my ...
In Part 2 of a Morningstar Conference interview with Don Phillips, the Fairholme manager makes his case for Bank of America, Goldman Sachs, as well as SearsHolding and the controversial Florida real estate company.
The Fairholme manager recently spoke to our analysts about his intentions for St. Joe, the fund's distinctive research-outsourcing model, and the new Allocation Fund.