This sampling of blog posts from Doug Kass was originally published today on Street Insight. It's being republished as a bonus for TheStreet.com and RealMoney.com readers. For more information about subscribing to Street Insight, please click here.

Dueling Over Apple
1/22/2007 10:15 AM EST

Jim "El Capitan" Cramer wrote about Apple ( AAPL) this morning, and I'd like to respond.

One thing that I want to immediately dispute is his statement that Apple's short position is large. It is not!

The float at Apple is 850 million shares -- only 24.5 million shares are short (a lowly 2.9% of the float). Moreover, with average trading volume of 70 million shares, (over the last 10 days) and 32.3 million shares of average trading volume (over the last three months), the short ratio is also a lowly 0.90.

Game on, Jimmy!

No positions in stocks mentioned

Start of Citigroup Separation?
1/22/2007 9:30 AM EST

There is a lot of speculation about the implications and reasons for the management change made today at Citigroup ( C).

As most know, Sallie Krawcheck is leaving her CFO post to become CEO and chairman of the Global Wealth Management Group. From my perch this might not be a promotion or a demotion for Krawcheck; rather it might be a precursor to a split-up of Citigroup. This is something we wrote about in December in our Surprise List for 2007:

2. Robert E. Rubin returns to his brokerage roots and becomes the CEO and chairman of Salomon Brothers/Smith Barney after Citigroup (C) decides to break up into three separate companies: a domestic money center bank (Citibank), investment banking/retail brokerage (Salomon Brothers/Smith Barney) and international consumer finance (Citiglobal).

No positions in stocks mentioned

Is the iPhone Just a Phone? Part IV
1/22/2007 8:50 AM EST

Last week I spent a lot of time discussing some reservations I had with several of the features of Apple's (AAPL) iPhone and I questioned the hype which contributed to a sharp rise in Apple's equity capitalization. (See Parts I, II and III).

I estimate that since Tuesday the market has given back about half the increase associatedwith the iPhone introduction ($99 in late Tuesday trading to $89 this morning), so thus far my analysis seems to have been respectable.

In my three-part series I also acknowledged my limited knowledge of technology so I used a number of professional sources as a source for my analysis, which I find to be more rigorous than unsupported blanket statements of opinion.

This morning I wanted to pass on a comprehensive and negative assessment of the iPhone product by Computerworld, " How Steve Jobs Blew His iPhone Keynote."

This are the six main points presented by Mike Elgan, Computerworld's technology writer.

1. Jobs raised buyer expectations too high.
2. Jobs raised Wall Street expectations too high.
3. Jobs gave competitors a head start.
4. Jobs undermined Apple TV hype.
5. Jobs put iPod sales at risk.
6. Jobs wrecked Cisco talks.

No positions in stock mentioned

Doug Kass is founder and president of Seabreeze Partners Management, Inc., and the general partner and investment manager of Seabreeze Partners Short LP and Seabreeze Partners Short Offshore Fund, Ltd. Until 1996, he was senior portfolio manager at Omega Advisors, a $4 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. 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."

Kass appreciates your feedback; click here to send him an email.

More from Markets

Trump, Trade Wars, General Electric, 'Jurassic World' - 5 Things You Must Know

Trump, Trade Wars, General Electric, 'Jurassic World' - 5 Things You Must Know

Boeing Slides as China Premier Li Says Willing to Continue Talks With Airbus

Boeing Slides as China Premier Li Says Willing to Continue Talks With Airbus

US Auto Tariffs Would Hit Global Industry Ratings; Ford & GM Vulnerable- Moody's

US Auto Tariffs Would Hit Global Industry Ratings; Ford & GM Vulnerable- Moody's

Futures Fall on Further Trade News and 4 Other Stories to Watch Monday Morning

Futures Fall on Further Trade News and 4 Other Stories to Watch Monday Morning

Stocks Weaken Around The World as Trump Opens New Fronts in Global Trade War

Stocks Weaken Around The World as Trump Opens New Fronts in Global Trade War