The Best of Kass
Among his posts this week, Kass discussed how one analyst's Google coverage missed the mark, what the latest data say about the U.S. economy and which coal stocks he's bullish on.
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Pimping on Wall Street
Originally published on Friday, April 13 at 8:33 a.m. EDT.
As an example, this morning Credit Suisse's Google(GOOG) analyst writes that Google's proposal for new Class C nonvoting shares, via a stock distribution, "is designed to sustain the voting control of its Founders. ... Given that we like management's strategy and long-term approach, we are not alarmed by the structure."
Google's move is another example of horrible governance procedures. Although Google is independent, it is a lot less independent that most companies.
At the time of publication, Kass had no shares in securities mentioned.
The Pause That Refreshes
Originally published on Thursday, April 12 at 9:31 a.m. EDT.
This morning's economic data were on the soft side but not so weak as to unhinge the U.S. stock market.
A market pause remains a healthy event and is providing me with an opportunity to selectively add long exposure.
Overall, the economic data signify a modest slowdown in the jobs expansion and a slight increase in pipeline inflation.