1 41 bought some $TSFG; looking at $3 of tangible book value per share; think executing an FDIC-assisted transaction will be a catalyst Wed Sep 02 20:05:36 +0000 2009 gatorcapital http://a3.twimg.com/profile_images/183297815/Small_Gator-only_Logo_normal.JPG 3717700464 35280278 web TSFG article from Bronte Capital's blog about $FRE & $FNM that I tweeted last night got picked up by thestreet.com http://tinyurl.com/lcyacj Thu Aug 27 18:17:50 +0000 2009 gatorcapital http://a3.twimg.com/profile_images/183297815/Small_Gator-only_Logo_normal.JPG 3584500268 35280278 web FNM FRE fascinating analysis of $FNM & $FRE http://bit.ly/IgKho Thu Aug 27 00:13:44 +0000 2009 gatorcapital http://a3.twimg.com/profile_images/183297815/Small_Gator-only_Logo_normal.JPG 3568083647 35280278 web FNM FRE posted article on seekingalpha.com about changing $FNM & $FRE deal w/ Treasury http://tinyurl.com/mlgxe2 Wed Aug 26 16:10:50 +0000 2009 gatorcapital http://a3.twimg.com/profile_images/183297815/Small_Gator-only_Logo_normal.JPG 3559025388 35280278 web FNM FRE new blog post -> improve $FNM & $FRE Treasury deal to be like TARP http://bit.ly/1vdGPH Mon Aug 24 20:00:57 +0000 2009 gatorcapital http://a3.twimg.com/profile_images/183297815/Small_Gator-only_Logo_normal.JPG 3519337441 35280278 web FNM FRE favorable interview of Jamie Dimon, $JPM's CEO in Chicago Trib http://tinyurl.com/kjtv3d Mon Aug 24 13:21:21 +0000 2009 gatorcapital http://a3.twimg.com/profile_images/183297815/Small_Gator-only_Logo_normal.JPG 3512266553 35280278 web JPM looking for $FNM & $FRE shareholders who want to support an effort to lobby in DC on behalf of the companies http://tinyurl.com/l6bl7h Sun Aug 23 14:45:20 +0000 2009 gatorcapital http://a3.twimg.com/profile_images/183297815/Small_Gator-only_Logo_normal.JPG 3492491036 35280278 web FNM FRE shorted $NTRS against $BAM purchase to keep mkt neutral; at 16x 2010 EPS, don't see multiple expansion; will continue to lag in rally. Fri Aug 21 18:52:33 +0000 2009 gatorcapital http://a3.twimg.com/profile_images/183297815/Small_Gator-only_Logo_normal.JPG 3455712256 35280278 web BAM NTRS bought $BAM this morning on the $BPO capital raise and their continued fund raising; trades at NAV; no credit for asst mgmt biz Fri Aug 21 18:50:41 +0000 2009 gatorcapital http://a3.twimg.com/profile_images/183297815/Small_Gator-only_Logo_normal.JPG 3455676312 35280278 web BAM BPO shorted $BOH; although they have a monopoly in Hawaiian banking; Hawaii is getting crunched due to tourism falling; also premium valuation Thu Aug 20 18:27:12 +0000 2009 gatorcapital http://a3.twimg.com/profile_images/183297815/Small_Gator-only_Logo_normal.JPG 3432450034 35280278 web BOH also bought $SLM; stock price more than fully discounts political risk; business may be worth >$20; shares trade at $8.45 Thu Aug 20 18:25:56 +0000 2009 gatorcapital http://a3.twimg.com/profile_images/183297815/Small_Gator-only_Logo_normal.JPG 3432426048 35280278 web SLM bought some $CVBF this morning; last bank standing in the inland empire; young aggressive CEO Thu Aug 20 18:24:09 +0000 2009 gatorcapital http://a3.twimg.com/profile_images/183297815/Small_Gator-only_Logo_normal.JPG 3432392937 35280278 web CVBF spent some time working on $ETFC this morning; couldn't find enough interesting upside due to dilution from debt exchange. Wed Aug 19 15:33:04 +0000 2009 gatorcapital http://a3.twimg.com/profile_images/183297815/Small_Gator-only_Logo_normal.JPG 3406945061 35280278 web ETFC shorted $CVX this morning to hedge my positions in $ATLS and $MWE Mon Aug 17 18:55:20 +0000 2009 gatorcapital http://a3.twimg.com/profile_images/183297815/Small_Gator-only_Logo_normal.JPG 3366592854 35280278 web ATLS CVX MWE pruned the portfolio this morning; sold my $BX, made a nice gain; didn't want to round-trip it if the market sell-off continues Mon Aug 17 18:53:15 +0000 2009 gatorcapital http://a3.twimg.com/profile_images/183297815/Small_Gator-only_Logo_normal.JPG 3366558051 35280278 web BX Fortune article credits $GOOG engineer Kamangar with AdWords; I thought they just copied Overture's model http://tinyurl.com/lpwlag Tue Aug 11 00:06:51 +0000 2009 gatorcapital http://a3.twimg.com/profile_images/183297815/Small_Gator-only_Logo_normal.JPG 3235266432 35280278 web GOOG with $FRE up 88% this morning; the $FRE preferreds are the way to capitalize on the move; we like $FRE/PT Mon Aug 10 13:39:24 +0000 2009 gatorcapital http://a3.twimg.com/profile_images/183297815/Small_Gator-only_Logo_normal.JPG 3224972114 35280278 web FRE $GLG reported Q2; good investment perf in funds; w/ another 2 qtrs of good perf, they'll generate big increase in incentive fees at 12/31 Thu Aug 06 19:44:51 +0000 2009 gatorcapital http://a3.twimg.com/profile_images/183297815/Small_Gator-only_Logo_normal.JPG 3168368448 35280278 web GLG response to NYT article on $BBT John Allison ignores the huge benefit bank gets from govt subsidy FDIC insurance http://tinyurl.com/nuhfyn Sun Aug 02 18:16:42 +0000 2009 gatorcapital http://a3.twimg.com/profile_images/183297815/Small_Gator-only_Logo_normal.JPG 3089757820 35280278 web BBT $OPY returned to profitability in Q2; still think earnings power is $6-7 per share and growing; at $29, the stock is 4x to 5x earnings power Fri Jul 31 14:36:18 +0000 2009 gatorcapital http://a3.twimg.com/profile_images/183297815/Small_Gator-only_Logo_normal.JPG 2951928451 35280278 web OPY the mkt is underreacting to the good news $KFN released this morning; improved liquidity without dilution to shareholders Tue Jul 28 16:37:39 +0000 2009 gatorcapital http://a3.twimg.com/profile_images/183297815/Small_Gator-only_Logo_normal.JPG 2892660079 35280278 web KFN on the $EBAY conf call, they disclosed segment margins for the 1st time; surprised Skype had 23.6% margin; disappointed Paypal was <20% Mon Jul 27 11:46:42 +0000 2009 gatorcapital http://a3.twimg.com/profile_images/183297815/Small_Gator-only_Logo_normal.JPG 2869053864 35280278 web EBAY interesting prespective on $FNM & $FRE preferred stocks; we own a position as well http://tinyurl.com/kw5qzx Fri Jul 24 13:27:35 +0000 2009 gatorcapital http://a3.twimg.com/profile_images/183297815/Small_Gator-only_Logo_normal.JPG 2818229200 35280278 web FNM FRE just off $MS conf call; they know they stole Smith Barney from $C, but their real estate deals in 06-07 (Saxon & Crescent) are still a drag Wed Jul 22 16:03:39 +0000 2009 gatorcapital http://a3.twimg.com/profile_images/183297815/Small_Gator-only_Logo_normal.JPG 2780075079 35280278 web C MS doing some detailed work on $LUK; they've made a ton on their $JEF and $ACF investments in Q2 Tue Jul 21 20:45:49 +0000 2009 gatorcapital http://a3.twimg.com/profile_images/183297815/Small_Gator-only_Logo_normal.JPG 2764662219 35280278 web ACF JEF LUK cannot believe $FIG hired Dan Mudd; he accelerated $FNM 's push in Alt-A lending; did he learn risk mgmt in last 10 months? Sat Jul 18 01:14:50 +0000 2009 gatorcapital http://a3.twimg.com/profile_images/183297815/Small_Gator-only_Logo_normal.JPG 2698936149 35280278 web FIG FNM not a fan of the WSJ editorial board; attacking my former employers; first the holy war against $FNM; now labeling $GS Goldie Mac; losers Fri Jul 17 02:07:44 +0000 2009 gatorcapital http://a3.twimg.com/profile_images/183297815/Small_Gator-only_Logo_normal.JPG 2680715059 35280278 web FNM GS guess Sheila Bair must have been jealous of Paulson's Lehman debacle so she is creating her own with $CIT; watching credit mkts for fallout Thu Jul 16 15:12:04 +0000 2009 gatorcapital http://a3.twimg.com/profile_images/183297815/Small_Gator-only_Logo_normal.JPG 2670823214 35280278 web CIT $CSH running; hearing expectations are for positive pre-annc after Thursday's close; if company is slient, stock will be down Friday Wed Jul 15 15:01:43 +0000 2009 gatorcapital http://a3.twimg.com/profile_images/183297815/Small_Gator-only_Logo_normal.JPG 2652118788 35280278 web CSH talked to Jefferies analyst Fannon; he pitched me $BX trading at 6-7x earnings on mgmt fees alone; incentive fees are upside Tue Jul 14 14:00:20 +0000 2009 gatorcapital http://a3.twimg.com/profile_images/183297815/Small_Gator-only_Logo_normal.JPG 2632415355 35280278 web BX