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Kass: CNBC and Me

Though some of my market views have been misguided recently -- I have been cautious in a bull market -- many of the stock ideas that I have delivered on CNBC (and in other media outlets) have been exceptional:

  • Altisource Portfolio Solutions (ASPS), rose from $13 in 2009 to over $200 (adjusted for spin-offs).
  • My "stock of the decade," Altisource Asset Management (AAMC) rose from $70 to over $1,200 last year.
  • Lincoln National (LNC), often mentioned on "Fast Money," has tripled).
  • Ocwen Financial (OCN), Altisource Residential (RESI), Monitise (MONI.L)/(MONIF) which more than doubled since last year) and closed-end municipal bond funds (14 in total, which, on average, are up 10% since late December 2013) have all handsomely rewarded investors.
To be sure, the absence of my appearances on CNBC over the past six months is not the end of the world for CNBC nor for me.

CNBC will continue to thrive as the most important business television network extant, and I certainly have numerous public media platforms in which I regularly appear or am quoted.

As I started this morning's missive, Marshall McLuhan wrote in Understanding Media: The Extensions of Man that the medium is the message.

The Bottom Line

This morning I am reaching out to CNBC to put my comments in the New York Post in the proper perspective, to discontinue the Dougie Kass CNBC embargo and to reconsider its decision not to invite me onto Larry's final show.

It would give me great pleasure in honoring a great American and good friend this week on CNBC.

As I have written today, respectful disagreement should be encouraged not discouraged.

Invite me on CNBC based on the merits of my analysis, the originality of my views and my ability to communicate an opinion clearly and succinctly. Don't continue to be influenced by a one-sided, misconstrued and biased ( CNBC-hating) New York Post column published last August.

The olive branch has been offered to CNBC.


This column originally appeared on Real Money Pro at 10:39 a.m. EDT on March 24.
At the time of publication, Kass and/or his funds were long AAPL, MONI.L and MONIF/short BRK.B, although holdings can change at any time.

Doug Kass is the president of Seabreeze Partners Management Inc. Under no circumstances does this information represent a recommendation to buy, sell or hold any security.

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