ABK

Which Bank will be next? Follow the dividend cuts

(via www.dividendgrowthinvestor.com)

I received a lot of e-mails from subscribers on Monday after the collapse of Wachovia, asking me which bank I believe will be the next to fail. Most investors are afraid they will wake up next Monday morning with a worthless financial stock, whose deposits have been sold to another institution.

Whitman's glass-half-full take on market

(via www.theglobeandmail.com)

Marty Whitman, the octogenarian dean of deep-value investing, sees great bargains to be snapped up from the current stock market meltdown. "It's a great time," enthused the 83-year-old founder of New York-based Third Avenue Management LLC before speaking yesterday at a conference organized by AIC Ltd.

Third Avenue Value Fund Letter

(via marketprognosticator.blogspot.com)

I just read through the third quarter shareholder letter from Marty Whitman at the Third Avenue Value Fund. Some tidbits from the letter:

Third Avenue Funds Second Quarter 2008 Shareholders Letter

(via www.thirdavenuefunds.com)

Marty Whitman shares his value investing insights in this latest letter. This master of distressed investing is taking advantage of the situations in the financial and bond insurer sectors.

Moody's Likely to Cut MBIA and Ambac Ratings

(via can-turtles-fly.blogspot.com)

Comments on the breaking news that Moody's will likely cut MBIA and Ambac ratings. Why now? What should these bond insurers do?

Ambac Kicked Out of S&P 500

(via can-turtles-fly.blogspot.com)

Could the booting of Ambac from the S&P 500 create a value opportunity with this troubled bond insurer?

Ackman Buys More Sears, No Longer Short Ambac

(via valueplays.blogspot.com)

He is covering the short bets

Beware of Blind Contrarianism!

(via streetcapitalist.com)

Price is what you pay, value is what you get. Those words aren’t mine, they belong to Warren Buffett. For now though, they remain incredibly relevant to the type of investment environment we’re in.

MBIA Still Whining About Ackman

(via valueplays.blogspot.com)

You have to read this letter

Ackman Podcast on MBIA and Ambac

(via valueplays.blogspot.com)

This is worth the time..

Ackman's Insurer Plan: The Best so Far

(via valueplays.blogspot.com)

Ackman calls the bond insurers bluff..

Buffett Sees No Credit Crunch, Forecasts Lower Dollar

(via www.bloomberg.com)

This article discusses several comments by Warren Buffett today from Toronto on the credit crunch, the U.S. dollar, inflation, and the bond insurance business.

Ackman's Latest Letter to NY Insurance Commissioner and SEC

(via valueplays.blogspot.com)

You have to read this 20 page letter

Street Capitalist Portfolio Outperforms

(via streetcapitalist.com)

As a whole, the Street Capitalist portfolio is up 12.82% over the course of less than 5 months. During the same period, the S&P 500 is down -6.46%. I’m quite satisfied with this type of out performance of my benchmark. In the future I’d like to make a few more changes:

Valuing Bond Insurers

(via www.secinvestor.com)

Goldman Sachs looks at the value of bond insurers under three different scenarios.