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

 | Apr 23, 2015 | 12:06 PM EDT
I have been accumulating more over the last few weeks on weakness - as posted.
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Doug Kass

 | Apr 23, 2015 | 11:41 AM EDT
I have added to my BB&T (BBT), Radian (RDN), General Motors (GM) and Ford (F)…

CAT

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Doug Kass

 | Apr 23, 2015 | 11:31 AM EDT
Now down on the day.
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Doug Kass

 | Apr 23, 2015 | 10:30 AM EDT
Markit Manufacturing PMI fell to 54.2 in April from 55.7 last month, its lowest level since January. New orders fell to 55.4 from 57.2 and production…
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Doug Kass

 | Apr 23, 2015 | 10:26 AM EDT
I am constantly surprised, at least over the last four quarters, how investors and the media initially respond euphorically to Caterpillar's earnings. I am staying short as the second-half outlook has deteriorated further based on recent dealer statistics. GM's $0.10 shortfall was from a higher effective tax rate and weak South America region results. I am a $36 buyer. BB&T's (BBT) results were about 2 cents lower than expected, but all from higher loan loss reserves. I am a buyer at $38.10 on today's weakness. Staying short small position in Facebook (FB). Shorted last night after hours at $85.05 and covered some down $2.50 from there.
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Doug Kass

 | Apr 23, 2015 | 10:16 AM EDT
$210.60 Medium sized position.
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Doug Kass

 | Apr 23, 2015 | 10:15 AM EDT
In the main my view is that first quarter earnings are stinking up the joint and guidance is no better.
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Doug Kass

 | Apr 23, 2015 | 9:51 AM EDT
I am adding further to this long now.

CAT

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Doug Kass

 | Apr 23, 2015 | 9:30 AM EDT
I have no idea why the initial response (from investors and the business media) to CAT's last four quarterly earnings are ALWAYS positive and...
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Doug Kass

 | Apr 23, 2015 | 9:22 AM EDT
From the Lindsey Group's Pete Boockvar:

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