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September 25, 2012
Below is a quick update on our investment thesis on CIT Group (CIT) which has garnered some takeout speculation.  This company makes a lot more sense as part of a larger bank than as a standalone concern in my personal opinion. http://seekingalpha.com/article/886401-cit-group-is-an-attractive-catch-and-here-is-a-way-to-play-it INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL...
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Gurufocus had an excellent interview with famed value investor Donald Yacktman.  In the interview Yacktman shares some extremely valuable insight on characteristics that he looks for when buying businesses.  He also talks about how he sold put options on BP after the Macondo disaster like we did, and how his son uses stock options in...
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