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 27, 2015 | 1:12 PM EDT
I am adding to this week's "Trade of the Week" -- Market Vectors Agribusiness ETF (MOO) -- now. Otherwise, I haven't done a…
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Doug Kass

 | May 27, 2015 | 12:43 PM EDT
Midday musings from Sir Arthur Cashin:
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Doug Kass

 | May 27, 2015 | 10:47 AM EDT
Mid-morning musings from Sir Arthur Cashin: "Buzz about that there may be some positive movement on Greece. That seems to ease dollar and lift…
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Doug Kass

 | May 27, 2015 | 10:04 AM EDT
Check out Bill Gross'
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Doug Kass

 | May 27, 2015 | 9:00 AM EDT
After yesterday's covers -- sale of SPY…
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Doug Kass

 | May 27, 2015 | 8:47 AM EDT
Peter Boockvar asks: "Do you want to be in control or not?": The never ending hemming and hawing over raising interest rates a measly 25 bps…
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Doug Kass

 | May 27, 2015 | 7:39 AM EDT
SONA pays a 32-cent dividend and the shares yield almost 2.8%, providing a reasonable return as I await an ultimate takeover transaction; Current book value approximates $8.50/share; SONA is well managed, with a strong 58.9% efficiency ratio that comes in far better than its community-bank peers; Earnings growth is projected at about 11% to 13% annually in 2015-17. My price objective based on fundamentals over the next 12 months is for a 15% gain from the current share-price level. SONA trades by appointment (market cap is only $150 million), so I would be using limit orders. MB Financial MBFI was formed in 1999 out of a merger of equals between Avondale Financial and Coal City Corp. and is the parent of Chicago-based MB Financial. The bank has nearly 100 branches and almost $15 billion in assets. MBFI is Chicago's third-largest bank, has a $2.3 billion market cap and has broad-based exposure to the region's middle market. MBFI has grown both internally and via acquisition, buying six banks/thrifts, a leasing company and an asset manager.  Recent Results Linked loans were flat in the first quarter vs. 2014's fourth quarter. Higher operating expenses and pressures on net interest margins have slightly reduced the 2015-16 outlook, but annual EPS growth nonetheless should be approximately 12%. Other factors: MBFI's dividend only provides a 1.9% yield, but an offset to that is a lower relative PE multiple and more-rapid EPS growth (12% E).   The outlook for MBFI's commercial and industrial loan growth is excellent: first-quarter growth was 11%, which augurs well for 2015 EPS. MBFI's core fees represent a large 41% of total revenue, providing good diversification from net interest income. Noninterest-bearing deposits are now approaching 40% of tota
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Doug Kass

 | May 27, 2015 | 6:56 AM EDT
1. As promised I am delivering a summary of some of the regional banks I own in my opening missive. SONA, MBFI and FMER are coming up 2. I have been...
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Doug Kass

 | May 26, 2015 | 3:55 PM EDT
Nasdaq futures are 20 handles above my cover only a little while ago and S&P's are +8 handles off the lows, confirming again this is a great…
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Doug Kass

 | May 26, 2015 | 3:54 PM EDT
Nasdaq futures are 20 handles above my cover only a little while ago and S&P's are +8 handles off the lows, confirming again this is a great…

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