BargainValueHunter

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8900968/Wilbur-Ross-eyes-a-profit-from-British-anger-at-banks.html

Kyle Bass at the Darden School of Business (Video) http://www.gurufocus.com/news/153703/kyle-bass-speaking-at-the-darden-school-of-business {From the comment section}

Watch Warren's Press Conference via CNBC Asia... http://www.cnbc.com/id/45373351

http://www.bloomberg.com/news/2011-11-20/buffett-s-visit-to-japan-may-shine-a-light-on-investments.html#

Interesting discussion... http://pragcap.com/debunking-ron-pauls-talking-points

Nor do I. Strikes me the overhang is more from possible EU exposures now, rather than mortgage liability. All banks are trading down on perception, rather than reality. Litigation can be spread over years if one chooses to fight it, rather than settle. They have converted a couple of billion of tier 2 to teir one common this past week in private deals with Institutions. They have sold most of CCB for cash which removes most direct China property exposure. Not a fan of headcount reductions having been victim to them but that has been ongoing and will reduce non-interest expense. The recent spate of equity and bond issuances should bode well for ML - social media ipos come to mind. Must say I like investing alongside BB rather than with him. He bought at double my average prices. My ONLY problem with Berky is his timing which has been awful for about six quarters now. WHAT he buys I have no problem with whatsoever. I bet anyone who jumps into his positions NOW (SHLD, JOE, BAC, C, AIG, AIA) and went to sleep for 5 years would wake up VERY happy! 8)

Has litigation ever killed a financial institution of BAC's strength ("strength" from a tangible assets point of view)? How does BAC's likely earnings (assuming no growth) over the next 5 years compare to the likely liabilities? It seems like the bears feel that BAC is the next AIG. Perhaps it is but I just don't see it...

*MUST WATCH INTERVIEW WITH KYLE BASS* Kyle Bass on BBC's "Hard Talk" Enjoy! 8) http://www.youtube.com/watch?v=K-F_QF1XTXI&feature=player_embedded

Bill Miller has finally thrown in the towel...period! http://blogs.wsj.com/marketbeat/2011/11/17/bill-miller-stepping-down-report/?mod=yahoo_hs

Morningstar provides an updated, in-depth analysis of Fairholme and Bruce Berkowitz today. http://finance.yahoo.com/news/Taking-Stock-Fairholme-ms-2450242474.html?x=0&l=1

This page may come in handy over the next several days: http://www.cnbc.com/id/38451750 If you are involved in this trade hold on to your pants! :o http://www.bloomberg.com/news/2011-11-16/morgan-stanley-goldman-credit-swaps-rise-as-fitch-cites-contagion-risks.html

AIG common is down 2.9%... http://finviz.com/chart.ashx?t=AIG&ty=c&ta=1&p=d&s=l ...while the warrants lost 7.86% http://app.quotemedia.com/quotetools/getChart?webmasterId=101187&snap=true&symbol=AIG.WS&chscale=1d&chtype=AreaChart&chwid=228&chhig=195&chln=333333&chpccol=ff0000&chfrmon=false&chton=false&chpcon=true Anybody know why this would happen?

Thanks, Jacob! :)

Don't tell Bass that we are in the midst of Great Depression II. If he can't see the forest for the trees...well! ;D Cheers! What I don't understand is how this supposedly "watch your risk first" hedger factors this into his thesis... http://www.reuters.com/article/2011/10/21/mgic-idUKL3E7LL1TL20111021

http://blogs.wsj.com/deals/2011/11/07/hedge-fund-manager-buys-4-9-stake-in-mgic/?mod=yahoo_hs

Thanks! :-X

Capital restraints... It's a lot easier for Biglari to do 20% a year than for Buffett to do so. Granted there are a lot of different variables here. Price to value being the main one. And, this is coming from a guy who doesn't own a single share of BH (but, I used to). Correct me if i am wrong. But he his actions doesn't look like the what a young Buffett would do. This doesn't look like its going to be like the next BRK. I looks like he is trying build a giant conglomerate. where he is going to make money through getting paid from running and controlling it. Warren Buffett is Data. Sardar Biglari is Lore. 8)

Thanks for posting. I wonder how far he will go to reach his goal of being Warren Jr. 8)

http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/11/03/bloomberg_articlesLU3XRC1A74E9.DTL At least Berkowitz has to like the share repurchases! 8)

http://blogs.wsj.com/deals/2011/11/03/35397/ Anybody know how this affects the TARP Warrants?

Other than EDGAR http://www.sec.gov/cgi-bin/browse-edgar?company=+&match=&CIK=shld&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany I would suggest... http://www.shcrealty.com/

http://www.distressed-debt-investing.com/2011/10/distressed-debt-mf-global-bankruptcy.html

http://mobile.bloomberg.com/news/2011-10-26/corzine-s-mf-enters-distress-with-18-yields

Oh, boy... :o http://finviz.com/fx_image.ashx?usdjpy_m5_l.png&rev=634556118965312500

If you got short SHLD in the 50s or lower you are in a world of hurt today. http://ycharts.com/companies/SHLD/shares_outstanding http://www.nasdaq.com/symbol/shld/short-interest Maybe Bruce or Eddie will lend you some shares. Nah.... 8)