Doug Kass is the president of Seabreeze Partners Management Inc. 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.Expand

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

Is this market walking on water?
| 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 bo...
| 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 ...

My Current Game Plan Real Money Pro($)

As posted late last week, I start out this week at market neutral.

Trade of the Week Real Money Pro($)

From my perch, owning bonds today might be like picking up nickels in front of a steamroller!

More on Why I'm a JPM Fan Real Money Pro($)

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.
| 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 m...
| 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 Wed...

TGIF! Real Money Pro($)

There's $400 million to sell market on close.
| Mar 27, 2015
| 3:47 PM EDT
A bit more hawkish in tone, imho.

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