Fast Eddie Lampert bets on a housing rebound

Edward S. Lampert, last mentioned here at Think Billion$ during the Sears meltdown, has been profiled today by the Wall Street Journal (WSJ, June 12, 2008, p. C4) for his new bets on the housing sector.

Eddie has recently added the following stocks to his ESL Investments, Inc. portfolio; which owns half of Sears and 40% of AutoNation. As a public service to our readers, here's what Eddie likes:

CIT Group
Centex
Home Depot
KB Home
PHH

And remember, buy low and sell high (except when shorting). Good luck and happy investing!


update -

I just noticed this YouTube video posted on Dealbreaker. Can you spot Eddie???