Doug Kass

|RSS

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

By

Doug Kass

 | Mar 30, 2015 | 10:32 AM EDT
Is this market walking on water?
By

Doug Kass

 | Mar 30, 2015 | 10:28 AM EDT
I took a small SPY short at $207.90 on the ramp. Back small net short now. Banks doing terrific, across the board this morning. Adding to TBF at $23....
By

Doug Kass

 | Mar 30, 2015 | 10:08 AM EDT
If you took a long rental in JPM on Thursday at around $59 - I see no problem in taking some off more than $2 higher on the heels of the Barrons...
By

Doug Kass

 | Mar 30, 2015 | 9:19 AM EDT
As posted late last week, I start out this week at market neutral. S&P futures are +11 this morning. I see little in the way of catalysts…
By

Doug Kass

 | Mar 30, 2015 | 9:13 AM EDT
From my perch, owning bonds today might be like picking up nickels in front of a steamroller! I am adding a short…
By

Doug Kass

 | Mar 30, 2015 | 7:50 AM EDT
Epic regulatory and legal settlements are now dwindling. While others floundered after The Great Decession, JPM "pushed to the fore in investment banking, credit cards  and asset management." JPMorgan's balance sheet is a fortress and outshines its competitors. First-quarter results, to be reported next month, should be solid in the face of better trading results. Return on tangible book is currently 13% and a goal of 15% appears attainable. Rising interest rates will provide a tailwind to growth as net interest margins expand. As a result, JPM is experiencing superior relative earnings (and projections): $5.29 a share in 2014, $5.76 in 2015 and $6.50 in 2016. At about 10x earnings, JPMorgan trades among the lowest price-to-earnings valuations in the large money center bank category. After a recent dividend boost ($1.76 annualized), JPM's shares provide a 3% yield. A possible price target of $80 (only 12x compared to a market multiple of 16x) is in sight for next year, or a 30% upside to the shares. In a market in which it is difficult to find growth companies (and when you pay for growth it is expensive, like in the cases of Facebook (FB), Under Armour (UA) and other fast growers), JPMorgan may emerge as a true growth company in the years ahead.
By

Doug Kass

 | Mar 30, 2015 | 7:41 AM EDT
1. JPMORGAN was featured in a Barrons Cover Story, "JPMorgan Rising" I provide a summary. 2. I start the day market neutral - having covered all of...
By

Doug Kass

 | Mar 28, 2015 | 6:12 AM EDT
Cover story in Barrons: "JPMorgan Rising" - JPM was added to my Best Ideas List and "Trade of the Week" on Wednesday http://online.barrons.com/...
By

Doug Kass

 | Mar 27, 2015 | 3:53 PM EDT
There's $400 million to sell market on close. Thanks for reading my Diary today and all week -- I hope it was helpful. Enjoy your weekend.…
By

Doug Kass

 | Mar 27, 2015 | 3:47 PM EDT
A bit more hawkish in tone, imho.

Doug Kass Tweets

BEST IDEAS

Columnist Tweets

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.