July 26, 2007 –
Betting big on CAPS with CFC, and IMB. Also going into the distressed builders market. It appears that many of these companies are trading well below there liquidation value. My favorite is Beazer, and I put it in my real portfolio this morning at 16.20 Also betting big on insurance. I think the odds are favorable that we will have a good insurance year and this will provide fuel to many of the insurance companies starting in the fall and going through Jan/Feb. I have been getting creamed because of these bets lately in CAPS. Hopefully the turnaround happens; however, I am sure there will be some more buying opportunities in the mean time. [more]
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