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Tim Travis
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Tim Travis is a veteran deep value investor and money manager. Travis has extensive experience in traditional investments such as stocks and bonds, in addition to having a unique methodology of combining options and distressed investing with value investing to generate income, reduce risk, and... More
My company:
T&T Capital Management
My blog:
T&T Capital Management Blog
My book:
Learn to Treat Your Portfolio as a Business
View Tim Travis' Instablogs on:
  • Tim Travis Bloomberg Interview 10/11/2012 TTCM CEO Discusses Wells Fargo And Other Banks

    Below is the interview with TTCM CEO on Bloomberg discussing Wells Fargo (NYSE:WFC) and the other big banks. Enjoy!

    http://www.ttcapitalonline.com/media/

    Disclosure: I am long WFC.

    Tags: WFC
    Oct 11 5:04 PM | Link | Comment!
  • Moody's Blasts Commercial-Mortgage Bond Offering It Didn't Rate

    In a perfect example of the incompetent blasting the incompetent Moody's is criticizing S&P, Fitch, DBRS Ltd. and Kroll for their ratings in a CMBS transaction. Moody's and S&P have absolutely horrendous ratings records stemming from the Financial Crisis, where for greed of fees they consistently rated securities AAA that ended up being pure junk. At every opportunity these companies throw gasoline on fires for sovereign debt etc., when it is actually too late to have helped investors buying the debt. I don't view any of these ratings agencies as being better than the other as the whole industry needs to have their incentives changed in a dramatic way. Ratings should be paid for by the buyers and in my opinion few sophisticated buyers would see the value in paying for their ratings. It might make more sense if the bond ratings agencies put 50% of their fees into the transactions as a show of faith in their ratings.

    http://www.bloomberg.com/news/2012-10-10/moody-s-blasts-commercial-mortgage-bond-offering-it-didn-t-rate.html

    Oct 11 11:50 AM | Link | Comment!
  • Facebook Fought SEC To Keep Mobile Risks Hidden Before IPO

    I don't have a lot of compassion for people that gambled on the Facebook (NASDAQ:FB) IPO on the belief that the stock just had to go up. That is not a winning investment strategy or emblematic of an investment at all. I will say though that I though Facebook's management did everything they could to ensure a horrendous result for people that bought the IPO. The reason I say this is due to the dramatic increase in shares issued, and then this revelation as to the company's conduct with the SEC is certainly less than desirable.

    http://www.bloomberg.com/news/2012-10-10/facebook-fought-sec-to-keep-mobile-risks-hidden-before-ipo-crash.html

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Tags: FB
    Oct 11 11:42 AM | Link | Comment!
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