Doug Kass shares his views every day on RealMoneyPro. Click here for a real-time look at his insights and musings.
Fastenal Dropping Like a Stone
Originally published Oct. 13 at 2:12 p.m. EDT
Wednesday I reached out to Paul Price, whom I debated about the shares over the last few months.
He was strenuously bullish and I would like to hear his current technical views/take.
Fastenal has missed consensus EPS projections for three consecutive quarters and remains on my Best Ideas List.
Position: Short FAST .
Originally published Oct. 13 at 1:52 p.m. EDT
Nor do I -- as I have added to my small-sized FXI short and made it a medium-sized holding.
Position: Short FXI .
Reward vs. Risk Augurs Well for Oaktree Capital
Originally published Oct. 13 at 1:24 p.m. EDT
I read the research report (thanks to Judge Smails in the Comments Section), in which the analyst simply stated there were, in his opinion, more attractive asset management stocks.
From my perch, the downgrade at $40 was neither intelligent nor timely.
I added yesterday because of my perception of the superior reward versus risk.
And in other news ...
I have added to my short exposure on the 14-plus handle rally in the S&P 500 Index from the lows.
Position: Long OAK, short SPY.
The Latest Skinny on Life Insurers
Originally published Oct. 13 at 10:25 a.m. EDT
Position: Long HIG; short MET, LNC
Still Digging Gold, but Not China
Originally published Oct. 13 at 6:58 a.m. EDT
As I mentioned Wednesday, the case for gold is growing more positive as the price of gold retreats.
This morning, the price of gold is up $7.30
Position: Long GLD; short FXI.
Action Alerts PLUS, which Cramer co-manages as a charitable trust, has no positions in the stocks mentioned.
At the time of publication, Kass and/or his funds were long/short XXX, 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.