SEARS HLDGS CORP

Having Sears in my portfolio has been an interesting experience to say the least. Headed by a very competent investor and manager in Eddie Lampert, i'm confident that i've made the right choice by buying KMART back in november 2004, he's been cutting cost and selling unprofitable stores. Nothing spectacular, but he gets the job done. Sears reported a first quarter lost, which dipped the stock from 155 to 140 in the last few days. No panic on my part, loses are a part of business, what matters is the big picture, keeping your calm in down times and not making big mistakes. I'm curious in knowing what Sears is going to do about the competition that is Wal-Mart, selling unprofitable stores can only be sustained for a certain amount of time. They need to bring in revenue, what is in Mr. Lampert's head??? He could pull a Buffett like move, by diversifying with the excess cash into other industries. I can't wait to see what happens next.

On other news that affects me, Natuzzi, has been underperforming for me... Not making as much money as they did the previous year, they are in a commodity business and I know it's not the best thing to buy into. But they are a italian based company and the biggest manufacturer of sofa in the world? (not sure about that statement, but at least in Italy they are)...Shares are going for 8.80 and i'm considering making a go at it, the book value is at 10.70...They had an atrocious year and still managed to make money...I'm just concerned about the fact that Natuzzi's information is very scarce and it's difficult for me to follow it since there's no news on their part! Maybe scarceness is the key to make money ... I'm just thinking about the difficulty to find information on Standard Oil in the 1910-1920's which kept normal investors at bay, but made active investor very rich...It's all about going the extra mile for the money, if you aren't ready to go for it, you won't ever make money! There's too many analyst for Microsoft these days, i'm not any more clairvoyant than any of them, so i should stick to small to midcap companies with good balance sheet.