Matt Stewart - Seeking Alpha 'Matt Stewart' Tag RSS Syndication from SeekingAlpha.com SeekingAlpha.com http://seekingalpha.com/author/matt-stewart Geithner vs. Schiff: A Thought Bridge Between Two Wrongs http://seekingalpha.com/article/127727-geithner-vs-schiff-a-thought-bridge-between-two-wrongs?source=feed 127727 Tim Geithner is pulling every lever possible to "restart lending" and recreate the securitization market - now backstopped by the government.

Every effort made comes with a govt subsidized "cost of debt," which has the effect of crowding out private capital entirely because no private entity owns a printing press. As a result, government is "centrally planning" asset prices. Karl Marx would be proud!

]]> Wed, 25 Mar 2009 05:37:59 -0400 Matt Stewart Tim Geithner is pulling every lever possible to "restart lending" and recreate the securitization market - now backstopped by the government.

Every effort made comes with a govt subsidized "cost of debt," which has the effect of crowding out private capital entirely because no private entity owns a printing press. As a result, government is "centrally planning" asset prices. Karl Marx would be proud!


Complete Story »]]> SPY Matt Stewart Geithner's Plan: Mark to Market Tomfoolery http://seekingalpha.com/article/127459-geithner-s-plan-mark-to-market-tomfoolery?source=feed 127459 The story goes that there are many "bad" or "toxic" assets sitting on the balance sheets of the nations' largest financial institutions that are undermining the ability of these banks to lend.

Why?

]]> Tue, 24 Mar 2009 03:32:09 -0400 Matt Stewart The story goes that there are many "bad" or "toxic" assets sitting on the balance sheets of the nations' largest financial institutions that are undermining the ability of these banks to lend.

Why?


Complete Story »]]> DIA QQQQ SPY XLF Matt Stewart Stop the Presses Bernanke, Geithner Is Out of Control! http://seekingalpha.com/article/126559-stop-the-presses-bernanke-geithner-is-out-of-control?source=feed 126559 If only I could manufacture money in my basement and then give it to a friend to use it to buy securities in the open market.

Just think of the competitive advantage that friend would hold over other investors:

]]> Wed, 18 Mar 2009 06:52:33 -0400 Matt Stewart If only I could manufacture money in my basement and then give it to a friend to use it to buy securities in the open market.

Just think of the competitive advantage that friend would hold over other investors:


Complete Story »]]> DIA SPY Matt Stewart Ackman Totally Off Target http://seekingalpha.com/article/126415-ackman-totally-off-target?source=feed 126415 Bill Ackman rose to prominence as a hedge fund manager due to his well published short position in MBIA (MBI) on the heels of his presentation, Is MBIA AAA?

In an ironic twist of fate, the same analysis of the credit markets that lead Mr. Ackman to short MBIA ended up betraying him with Target (TGT).

]]> Tue, 17 Mar 2009 11:13:47 -0400 Matt Stewart Bill Ackman rose to prominence as a hedge fund manager due to his well published short position in MBIA (MBI) on the heels of his presentation, Is MBIA AAA?

In an ironic twist of fate, the same analysis of the credit markets that lead Mr. Ackman to short MBIA ended up betraying him with Target (TGT).


Complete Story »]]> TGT Matt Stewart Calling for a CBS - Yahoo Merger http://seekingalpha.com/article/100557-calling-for-a-cbs-yahoo-merger?source=feed 100557 Dear Mr. Moonves (CBS), Mr. Yang and Mr. Icahn (YHOO),

I am writing this letter to suggest that you get together at some point in the very near future to discuss the immediate merger of your two companies.

]]> Sun, 19 Oct 2008 04:15:59 -0400 Matt Stewart Dear Mr. Moonves (CBS), Mr. Yang and Mr. Icahn (YHOO),

I am writing this letter to suggest that you get together at some point in the very near future to discuss the immediate merger of your two companies.


Complete Story »]]> CBS YHOO Matt Stewart BCE and the Rule of Law http://seekingalpha.com/article/99775-bce-and-the-rule-of-law?source=feed 99775 I was the shareholder intervenor for the BCE (BCE) vs. Bondholder's case. Seems like an eternity ago doesn't it that the Supreme Court ruled that the BCE debenture holders were crying wolf?

I like Mark McQueen. He was a fraternity brother of mine at Western and he - like me - remains long BCE as an arb trade. I'm not sure if he is long anew or underwater from a higher cost base, but it doesn't really matter - does it?

]]> Mon, 13 Oct 2008 21:00:00 -0400 Matt Stewart I was the shareholder intervenor for the BCE (BCE) vs. Bondholder's case. Seems like an eternity ago doesn't it that the Supreme Court ruled that the BCE debenture holders were crying wolf?

I like Mark McQueen. He was a fraternity brother of mine at Western and he - like me - remains long BCE as an arb trade. I'm not sure if he is long anew or underwater from a higher cost base, but it doesn't really matter - does it?


Complete Story »]]> BCE Matt Stewart Five Reasons RIMM Will Continue to Fall http://seekingalpha.com/article/98181-five-reasons-rimm-will-continue-to-fall?source=feed 98181 Research in Motion, Ltd. (RIMM) has fallen significantly from its all-time high of around $150 per share. As of Tuesday's close it was valued at $68 per share or roughly 4x this year's revenue or $39 billion.

]]> Thu, 02 Oct 2008 05:25:53 -0400 Matt Stewart Research in Motion, Ltd. (RIMM) has fallen significantly from its all-time high of around $150 per share. As of Tuesday's close it was valued at $68 per share or roughly 4x this year's revenue or $39 billion.


Complete Story »]]> AAPL NOK RIMM VZ Matt Stewart The Short Case on KBH Homes http://seekingalpha.com/article/97760-the-short-case-on-kbh-homes?source=feed 97760 As of Friday's close, KB Homes (KBH) is trading at a market cap of $1.93 billion with a dividend of $1 per share and P/BV (as reported) of roughly 1.5x.

This discussion will suggest that KBH is significantly overvalued considering the housing market has yet to trough and KBH will likely suffer meaningful, additional deterioration in tangible book value over the coming few quarters.

]]> Mon, 29 Sep 2008 05:11:22 -0400 Matt Stewart As of Friday's close, KB Homes (KBH) is trading at a market cap of $1.93 billion with a dividend of $1 per share and P/BV (as reported) of roughly 1.5x.

This discussion will suggest that KBH is significantly overvalued considering the housing market has yet to trough and KBH will likely suffer meaningful, additional deterioration in tangible book value over the coming few quarters.


Complete Story »]]> KBH Matt Stewart