December 19, 2008
Boy did I make a mistake, and it was with real money. When Wes Edens stopped bothering to show up for Newcastle’s earnings calls, I should have realized what was going on. Sure he had purchased a bunch of NCT stock earlier in 2007, but with whose money? He had taken Fortress public just a […]
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August 12, 2008
If you’re thinking about buying pref shares, here it is in a nutshell: Commodity prices are now way down and the dollar up, which may afford room for yet another Fed rate reduction. Because they sit a notch higher on the capital stack, combined with historically high spreads over the current 10 year UST, preferreds […]
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