Doug Kass

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Doug Kass is the president of Seabreeze Partners Management Inc.Expand

Until 1996, he was senior portfolio manager at Omega Advisors, a $6 billion investment partnership. Before that he was executive senior vice president and director of institutional equities of First Albany Corporation and JW Charles/CSG. He also was a General Partner of Glickenhaus & Co., and held various positions with Putnam Management and Kidder, Peabody. Kass received his bachelor's from Alfred University, and received a master's of business administration in finance from the University of Pennsylvania's Wharton School in 1972. He co-authored "Citibank: The Ralph Nader Report" with Nader and the Center for the Study of Responsive Law and currently serves as a guest host on CNBC's "Squawk Box."Collapse

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Doug Kass

 | May 28, 2015 | 12:19 PM EDT
Google (GOOGL)Keynote unveils next
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Doug Kass

 | May 28, 2015 | 12:00 PM EDT

Face it, no one can really predict where Wall Street is heading.

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Doug Kass

 | May 28, 2015 | 11:36 AM EDT
From Sir Arthur Cashin: Market moves erratically in light volume. Some tried to attribute the post-opening down-spike to IMF comments on…
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Doug Kass

 | May 28, 2015 | 11:34 AM EDT
Twitter (TWTR) is trading better today, though I don't really have a good reason. That said, Snapchat CEO Evan Spiegel
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Doug Kass

 | May 28, 2015 | 11:18 AM EDT
I shorted small in SPY and QQQ. I added to longs of Ford (F), General Motors (GM), Radian (RDN) and a few closed-end municipal bond funds.
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Doug Kass

 | May 28, 2015 | 9:54 AM EDT
BBT provides bank exposure to a relatively strong geography that's growing in excess of the overall U.S. growth rate. Second-quarter profits should rebound from a disappointing first-quarter report, with fee income rising, credit improving, good expense control and an improving loan picture. The bank's projected 2015 return on assets (1.18%) and return on tangible capital (14.6%) exceed most large regional banks' figures. BBT is among the more asset-sensitive banks, profiting from an imbalance of rate-sensitive assets over rate-sensitive liabilities. (The bank's most recent 10Q quantifies the benefit of higher interest rates.) BBT trades at 13x compared to its mid-2000s 15x to 16x multiple.  The shares have flatlined over the last year. BBT pays a $1.08-a-share dividend, which I see rising to close to $1.20 next year. Secular EPS growth is estimated at 10%. My 12-month price target is $45/share or +11% return.
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Doug Kass

 | May 28, 2015 | 9:52 AM EDT
General Motors (GM) might be the most-hated long in our comments section. That said, Morgan Stanley upgraded GM from…
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Doug Kass

 | May 28, 2015 | 9:43 AM EDT
In a small way at $212.42. Back slightly net short now.
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Doug Kass

 | May 28, 2015 | 9:42 AM EDT
I reestablished a small QQQ short at $110.82.
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Doug Kass

 | May 28, 2015 | 9:30 AM EDT
The market is unpredictable and trendless now. From my perch, those who say otherwise are lying or trying to sell you something. While I view

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