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

An Apple Addendum Real Money Pro($)

I forgot to mention some technical points in my recent missive on shorting Apple calls.
Fundamental Issues. As I noted in my earlier missives referenced above, Apple has long had fundamental problems. Technical Concerns. AAPL has been making mostly lower highs since peaking in May 2015.  The Absence of Any Upside Catalysts. The stock faces a "news vacuum" until late September, when Apple plans to release additional details about the iPhone 7. A Troubled Retail Sector. Apple and retail-related equities enjoyed a spirited rally recently, but very hot weather in much of America will likely adversely impact third-quarter results. Few analysts have addressed this so far, but I believe they soon will. Broad-Market Issues. We arguably have a vulnerable overall stock market. An Elevated Stock Price. Apple has rallied back to nearly $110 a share from around a $90 low in May as the broader market reached new all-time highs. I covered most of my Apple short in the $90s in January, but recently began to build this position

That's All She Wrote Real Money Pro($)

There's $55 million to buy market on close -- sort of consistent with the lackluster, low level of trading that we've seen over the past few days.

I'm Really Big on HIG Real Money Pro($)

With interest rates destined to rise in my view, I've made Hartford Financial (HIG) my largest long position.

The Summer of Nothing Real Money Pro($)

Let me tell you, doing nothing is not as easy as it look. You have to be careful. The idea of doing anything -- which could easily lead to doing something -- [would] cut into your nothing. And that would force me to have to drop everything. --

Today's Good, Bad and Ugly Real Money Pro($)

Mr. Market is still resilient. As happened two days ago, he faltered in the morning but later recovered. Retail stocks are stronger, led by Foot Locker (FL) , Lowe's (LOW) and Nike (NKE) . I covered my FL short earlier today, but 

Recommended Reading Real Money Pro($)

Check out this Zero Hedge piece about hedge funds' largest shorts and longs.

Desperados? Real Money Pro($)

Desperado, why don't you come to your senses You been out ridin' fences for so long now. Oh, you're a hard one But I know that you got your reasons. These things that are pleasin' you Can hurt you somehow. -- The Ea
I wrote about "Peak Hedge Funds" earlier this week, and the hits just keep on coming for the industry.

For Apple Heads Real Money Pro($)

I recently added to my short of Apple (AAPL) , and here's an interesting new report about the electronics giant.


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