It is a Red Light earnings special for Sears and Eddie Lampert

We like Eddie Lampert, we really do. He is a self-made billionaire who did it the hard way, not the easy way.

But, let's face it, he is an investor, not a CEO type.

Yesterday, we opened to the second section of the Financial Times and saw the headline: Sears suffers dismal quarter of poor sales. It was more of the same for Eddie.

What is more of the same, you ask? More poor branding strategy, more management defections, more financial problems, more of everything going wrong.

Sears announced a further share repurchase program. However, Think Billion$ has a better idea: Take the damn company PRIVATE! This is the only sensible thing to do from a financial re-engineering standpoint. Let us break it down for one and all -

Step 1: more share repurchases for the rest of 2008. Step 2: take Sears private next year. Step 3: re-engineer the damn thing. Step 4: years later, take it public to an unsuspecting public and to Wall Street accolades.

Come on Eddie, you know what to do.


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