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

 | Sep 23, 2016 | 12:55 PM EDT
It could occur because of continued weak global economic data. It could occur if European and U.S. bond yields move back higher. It could occur coincident with a Sears Holding (SHLD) bankruptcy filing or more problems associated with Deutsche Bank (DB) It could happen if Donald Trump performs well in Monday night's presidential debate. It could happen for a host of others reasons. Or it may not happen at all. Bottom Line Memo to my friend Bill Fleckenstein: Bill, from my perch you may not have to wait much longer to short the market. "The Winter of our Discontent" may lie ahead.
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Doug Kass

 | Sep 23, 2016 | 12:42 PM EDT
The folks on CNBC are talking about a Nike (NKE) downgrade. I have been making the argument for "Peak Sneakers" since…
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Doug Kass

 | Sep 23, 2016 | 12:00 PM EDT
Fertilizers are crap, as I wrote recently here and  here. Be careful out there.  …
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Doug Kass

 | Sep 23, 2016 | 10:28 AM EDT
"Manufacturers indicated the slowest overall rise in new business intakes so far this year, which contributed to relatively subdued job hiring…
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Doug Kass

 | Sep 23, 2016 | 9:58 AM EDT
I have been patient in this late September advance but I have raised my net short exposure from small to between small and medium in size this…
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Doug Kass

 | Sep 23, 2016 | 9:34 AM EDT
I believe that Twitter (TWTR) could be valued at about $24 to $25 a share in a private transaction. As there is no…
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Doug Kass

 | Sep 23, 2016 | 9:16 AM EDT
Bulls are critical of and have begun to ridicule bears, as seen here and here "Talking heads" reverse opinions on stocks at higher prices after no or limited change in fundamentals On the first point, I actually thought both commentators (whom I admire and are friends) had valid observations and reactions to the others' responses. But the point I am making is that this sort of polemic usually only follows a broad upward move in equity prices. To be sure, it does not occur at the beginning of a market advance!  On the later point, I thought Dan Niles' appearance on CNBC was also revealing and consistent with the "buyers living higher and sellers living lower" thesis.  Here is late January, Niles is
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Doug Kass

 | Sep 23, 2016 | 9:11 AM EDT
CNBC's David Faber has announced that Twitter (TWTR) has received some expressions of interest for a takeover. Takeover…
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Doug Kass

 | Sep 23, 2016 | 8:35 AM EDT
My pal Peter Boockvar of The Lindsey Group says good luck to controlling the yield curve: Maybe it was already priced in already but instead of…
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Doug Kass

 | Sep 22, 2016 | 3:03 PM EDT
Mr. Market, though off the day's highs, is the "world's fair." S&P 500 futures are now up by about 35 handles from the Fed's comments. Fixed income stronger; the iShares Barclays 20+ Yr Treas. Bond ETF (TLT) up a beaner. The yields on the 10-year note (1.64%) and long bond are 3-4 basis points lower. Municipals and junk are well bid. Yield is flattening as the 2s/10s spread contrac

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