Twitter, IBM, Radian: Doug Kass' Views

NEW YORK (Real Money Pro) -- Doug Kass shares his views every day on RealMoneyPro. Click here for a real-time look at his insights and musings.

 


 

Nice News for Radian

Originally published at 9:39 A.M. EDT on Wednesday, June 17, 2015

Radian Group  (RDN) is upsizing a note offering, and Moody's announced plans Monday to review the company for a possible debt upgrade.

Radian remains on my Best Ideas List. I added the stock at $12.69 back in November 2013.

Position: Long RDN
 


 

I'm Out of BTT

Originally published at 4:19 P.M. EDT on June 15, 2015

BlackRock Municipal Target Term  (BTT), a closed-end bond fund, was featured in Barron's last weekend.

In a generally flat bond market, the fund was up more than 2% Monday on more than three times the daily average volume because of the mention. This is a silly and outsized response, and I expect the fund to trend lower in the days ahead when investors get their heads back on.

Accordingly, I have sold out of my BTT holding into the strength today, and I plan to reinvest in one of the other 13 funds I own. I have removed it from my Best Ideas list, as well.

Position: Long ETX, BKN, NQS, NPM, NAD, NMO, NMA, VPV, VCV, NQU, NPI, VGM, NRK
 


 

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