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 20, 2016 | 3:46 PM EDT
Thanks for reading my Diary this week. I hope I provided a value-added experience. And a special thank you to "Diamond" Jim Gentile,  Chris…
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Doug Kass

 | May 20, 2016 | 3:11 PM EDT
Stocks just took a swoon on a program that likely responded to Japanese yen movements. While I am delighted, as I am net short, I am incensed that…
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Doug Kass

 | May 20, 2016 | 2:11 PM EDT
Recently, Coca-Cola (KO) has been highlighted by a number of technical analysts as breaking out of a long-term…
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Doug Kass

 | May 20, 2016 | 2:07 PM EDT
If it weren't a Friday, I would be much more aggressive on the short side (just so you know). There will be no
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Doug Kass

 | May 20, 2016 | 1:50 PM EDT
Peter Boockvar writes about the issue of housing affordability -- a concern that has led me to propose the notion of
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Doug Kass

 | May 20, 2016 | 1:13 PM EDT
I'm scaling back my long of Potash Corp. (POT) for a small gain, taking my position down to small-sized from a previous medium-sized one. I sold my small long of Monsanto (MON) this morning as well. All told, I'm moving my portfolio's short exposure back up -- but I'm not doing anything extreme because we're heading into a weekend.
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Doug Kass

 | May 20, 2016 | 11:29 AM EDT
Rising Sneaker Costs. Like health-care costs, sneaker prices have risen to unfathomable levels. But with U.S. wages exhibiting only modest gains, buyers' price elasticity might finally be appearing as sales resistance. At least that's what I've heard in conversations with customers at Foot Locker (FL) and elsewhere. Fewer Multiple Purchases. My discussions with customers have indicated that purchases of multiple pairs of sneakers seem to be a thing of the past. Sneakers have simple become too costly, while alternative purchases like videogames and smart phones are gaining popularity. Kids Who Want 'Experiences,' Not Apparel. Kids and young adults seem to want "experience
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Doug Kass

 | May 20, 2016 | 10:17 AM EDT
The S&P 500 is now about 30 handles higher than yesterday's low point, as well as substantially higher than where I covered my shorts…
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Doug Kass

 | May 20, 2016 | 9:50 AM EDT
Hartford Financial (HIG) -- this week's Long Trade of the Week -- is starting on a better note this morning. HIG is up nearly 2% so…
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Doug Kass

 | May 20, 2016 | 8:54 AM EDT
Let's start the day today with a roundup of news and observations: The Markets I took in some of my index shorts at good prices…

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