NEW YORK ( TheStreet) -- Doug Kass of Seabreeze Partners is known for his accurate stock market calls and keen insights into the economy, which he shares with RealMoney Pro readers in his daily trading diary.Among his posts this past week, Kass explained how you should interpret insider selling, why he's shorting Goldman Sachs (again) and why Facebook has "sell" written all over it. Please click here for information about subscribing to RealMoney Pro.
When Insider Selling Matters
Originally published on Thursday, Feb. 28 at 12:25 p.m. EST.
- If an exec cashes in five years before his option expires, that's a red flag.
- Specify the amount, price (which may include a limit price) and specific dates of purchases or sales, or
- Include a formula or similar method for determining amount, price and date, or
- Give the broker the exclusive right to determine whether, how and when to make purchases and sales, as long as the broker does so without being aware of material, nonpublic information at the time the trades are made.
Reinstating Goldman Short
Originally published on Thursday, Feb. 28 at 10:12 a.m. EST.
- UBS sees headwinds.
Why I Sold Facebook
Originally published on Wednesday, Feb. 27 at 10:26 a.m. EST.
- BTIG's downgrade made some salient points.
- 2013 sales and profits will miss consensus, as desktop ad revenue peaks and mobile growth is not rapid enough.
- 2014 looks worse, and below-consensus results are expected.
- Valuation, at 17 times 2014 EBITDA and 45 times free cash flow, is full and vulnerable to misses to consensus.
- an article in The Wall Street Journal that suggests Twitter is monetizing better than Facebook; and
- the buy on rebalance today is less than previously thought.