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 the posts this past week were entries about the shot heard round the world and his projections for Altisource Residential. Please click here for information about subscribing to RealMoney Pro.
The Shot Heard Round the World
Originally published on Thursday, Oct. 3 at 8:38 a.m. EDT. By the rude bridge that arched the flood,
Their flag to April's breeze unfurled,
Here once the embattled farmers stood,
And fired the shot heard round the world. -- Ralph Waldo Emerson, "Concord Hymn" During confusing times like these in the investment business, I like to retreat into books or into history in an attempt to deflect and even ignore (even for a brief period of time) the ridiculous systemic issues we face in our country. My experience is that this sort of rerouting puts it all into perspective.
And the manager gives me a smile
'Cause he knows that it's me they've been comin' to see
To forget about their life for a while
And the piano, it sounds like a carnival
And the microphone smells like a beer
And they sit at the bar and put bread in my jar
And say, "Man, what are you doin' here?" -- Billy Joel, "Piano Man" So, take a breath, read a good book or think about some old memories (like Ralphie's pitch) "to forget about life for a while," as Billy Joel instructs us in "Piano Man." I have this morning taken my own advice. And I guarantee it will put all the nonsense in Washington, D.C., into perspective.
Greater Expectations for Altisource Residential
Originally published on Wednesday, Oct. 2 at 9:06 a.m. EDT. This morning, I am raising my earnings, dividend and share price expectations for Altisource Residential ( RESI). Several factors are positively influencing the direction of the company and are contributing to a more optimistic (and more "growthy") outlook than I previously anticipated. (Hat tip to subscriber H for pushing me in this analytical direction!)