Doug Kass suggests investors put money to work in non-bank financials, and he's most excited by...

|By:, SA News Editor

Doug Kass suggests investors put money to work in non-bank financials, and he's most excited by online broker E-Trade (ETFC -1.5%). He thinks top shareholder Ken Griffin's agitating for the company to sell itself will prove successful, with Ameritrade (AMTD) or Schwab (SCHW) likely buyers at ~$16. “Life insurance companies are stupid cheap,” Kass adds.