Columbia’s Bruce Greenwald make some fantastic points. The second video is especially important as he talks about Fannie (FNM), Freddie (FRE) and why ignoring the balance sheet can be disastrous.
Month: October 2009
Weekly on Tuesday’s at 8:30
Weekly on Tuesday’s at 8:30
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Subs: New Buy
Unless you believe the desire to reduce a company’s energy costs is going away, then this company looks like a steal at current levels
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A CRE Update
Mr. Green makes the important point on the difference to banks for CRE vs RRE. That point also bodes well for the “extend maturities” argument.
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Why We Bought Jamba Juice…..
This was originally posted Sept. 8th for subscribers. We bought shares based on this at $1.14 (currently stand at $2.02, 77% gain). Subsequent posts have bolstered the case for it.
As a shareholder, I am incensed that the company will have to spend money to defend garbage like this. Let’s look at this poster child of abuse of the US civil litigation system. The definition of frivolous…
Somebody decided to call me out on my General Growth thesis and did so by putting me in the same sentence as Goldman Sachs (GS) and Bill Ackman. Can’t decide to argue with or thank them….I’ll do both.
Somebody decided to call me out on my General Growth thesis and did so by putting me in the same sentence as Goldman Sachs (GS) and Bill Ackman. Can’t decide to argue with or thank them….I’ll do both.