Here are Doug Kass' top thoughts on some of the biggest stories of the week.


Update on What's Up with P&G

I placed Procter & Gamble ( PG) on my Best Ideas List as a short on Aug. 31 at $92.56.
 
The shares closed Thursday at $88.23 and, as of this writing, are up $1.57 in premarket trading.
 
Thursday, it was announced that activist investor Nelson Peltz may have won his board seat.
 
Frankly, if the proxy results stand, and Peltz secures his seat on the P&G board, I suspect he will have little impact and that the relationship with Peltz will remain contentious.
 
I am a short seller in PG today based on my negative consumer packaged goods thesis.
 
Position: Short PG .
 
Originally published Nov. 16 at 9:13 a.m. EST
 
Doug Kass shares his views every day on RealMoneyPro. Click here for a real-time look at his insights and musings. This week he blogged on:
  • How he is bewildered by the market's behavior
  • How Elon Musk is a rolling stone

Click here for information on RealMoney, where you can see all the blogs, including Doug Kass'--and reader comments--in real time.

More of What's Trending on TheStreet:

Action Alerts PLUS, which Cramer manages as a charitable trust, has no positions in any stocks mentioned.

 

 

More from Investing

Stocks Drift Lower as Trade War Jitters Offset Earnings Season Optimism

Stocks Drift Lower as Trade War Jitters Offset Earnings Season Optimism

The Secret Messages Hidden Underneath IBM's Surprising Profit Blowout

The Secret Messages Hidden Underneath IBM's Surprising Profit Blowout

The Recent Pullback in the Defense Sector Provides a Buying Opportunity

The Recent Pullback in the Defense Sector Provides a Buying Opportunity

Futures Lower on Trade Worries and 4 Other Stories to Watch Thursday

Futures Lower on Trade Worries and 4 Other Stories to Watch Thursday

Video: What to Expect From Microsoft's Earnings Thursday

Video: What to Expect From Microsoft's Earnings Thursday