Q4 2008 Earnings Call

March 12, 2009 5:15 pm ET

Tontine Associates, the hedge fund firm ran by Jeffrey Gendell has filed numerous amended 13G's with the SEC. As we've covered before on the blog, Tontine has had a very rough year and will be closing two of its hedge funds. The problem with its struggles is that it is the largest shareholder of some eight companies and are trying to figure out what to do with those positions. Additionally, the firms has been shuffling around its portfolio. We recently covered its most recent portfolio updates prior to these filings and we've covered its entire portfolio here.

Tontine filed amended 13G's on the following 15 companies and all the filings are essentially the same. We went through each individual filing and they were all similar in that Tontine sold completely out of its positions in the companies listed below. All of the filings were required due to activity on December 31, 2008. So, as of these latest filings, Tontine has 0% stakes in the following companies and now holds 0 shares in each, having previously held a position in them:

In his weekly Internet address on Saturday, President-elect Barack Obama provided more detail about his economic recovery plan that will be rolled out in the coming weeks, and when he takes office and Congress reconvenes in January.

He noted that the total number of job losses during the current recession totaled nearly 2 million but the plan is expected to save or create at least 2.5 million. It is focused on reducing dependence on oil and rebuilding infrastructure.

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Q2 2008 Earnings Call Transcript

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