More on Fortress Investment (FIG) Q4 earnings: Buy low - the company in 2012 repurchased 10% of its shares at $3.50 each vs. current price of $6.40. New commitments of $1.6B in 2013 thus far vs. $6.7B for all 2012. "Dry powder" of $6.2B vs. total AUM of $53.4B. "The credit environment worldwide stinks right now," says management on the conference call (company hiked dividend today). Shares +2.4% today, +45% YTD.