The Best of Kass

NEW YORK (TheStreet) -- Doug Kass of Seabreeze Partners is known for his accurate stock market calls and keen insights into the economy, which he shares with RealMoney Pro readers in his daily trading diary.

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.

Please click here for information about subscribing to RealMoney Pro.

---

Pimping on Wall Street
Originally published on Friday, April 13 at 8:33 a.m. EDT.

I continue to be consistently disappointed by Wall Street's analytical community -- its maintenance approach to research, nonvariant lemming-like company views and indentured role relative to the companies it researches.

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."

> > Bull or Bear? Vote in Our Poll

Google's move is another example of horrible governance procedures. Although Google is independent, it is a lot less independent that most companies.

Caveat emptor.

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.

A market pause remains a healthy event and is providing me with an opportunity to selectively add long exposure.

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.