Nicholas Lampros
Value, deep value, long/short equity, contrarian

Should You Follow Douglas Kass Into Monitise?

Last weekend, a friend introduced me to Monitise plc (OTCPK:MONIF). He shadowed Douglas Kass into this stock after doing his own due diligence and suggested I look into the opportunity. Following a glancing review of the financials it was exceedingly clear that this was not a security that remotely meets my selection criteria. I quickly wrote it off.

On Tuesday, my friend sent me a retweet of a Doug Kass Monitise endorsement. Having lost interest in this concern, I hastily replied:

Surprisingly it was Doug Kass, rather than Whitt, who was first to rebuffed my assertion, tweeting:

I was in no way expecting a reply from Mr. Kass.

For those who don't know, Doug Kass is a legendary...

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