BOSTON ( TheStreet) -- Most of us would look at the finance firm PHH (PHH - Get Report) and see a risky mess with years of double-digit stock losses, but not hedge fund whiz Kyle Bass, who initiated a big stake recently.Bass is known for correctly betting on the housing market's collapse four years ago by shorting U.S. subprime debt that underwrote mortgage securities and his outspoken criticism of several nation's managing of their debt problems.
Subprime Winner Bass Again Wagers on Housing
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.