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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
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T&T Capital Management Blog
  • Jefferies Climbs After Bove Recommends Buying-Bloomberg 0 comments
    Aug 21, 2012 2:58 PM | about stocks: LUK, KCG

    Jefferies (JEF) is up nicely today off of a recommendation form Dick Bove of Rochdale Securities LLC. Jefferies recent deal to help save Knight Capital Group (NYSE:KCG) is a potential goldmine for Jefferies, and the mid-tier investment bank has been performing quite well in comparison with competitors. The current valuation for Jefferies is very attractive and investors get to benefit from the exceptional leadership of Jefferies CEO Richard Handler. Jefferies boasts one of the cleanest balance sheets in the investment banking world and when capital markets improve substantially the company should be able to print money.

    http://www.bloomberg.com/news/2012-08-21/jefferies-climbs-after-bove-recommends-buying-new-york-mover.html

    Disclosure: I am long JEF.

    Stocks: LUK, KCG
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