paulibloom

Some Key Observations on KKR Financial

Reggie-you are right my manner was unprofessional. Does not change any of my conclusions, but you are right. What I find troubling in general is analyst wannabe's who are really momentum players-on either side of the story.

Some Key Observations on KKR Financial

Oh I forgot to add that subsequent to your article some "fools" invested over $350 million in the company in roughly two days-I wonder why

Some Key Observations on KKR Financial

We have not seen Reggie review the 10K and report back to us - I wonder why. Could it be he does not understand the material, or that he now feels foolish that he really did not do his homework. I was an analyst on Wall Street for over 20 years-this is way minor league stuff that would get your fired because the professionals would tell the salesmen that you had no clue.

Some Key Observations on KKR Financial

The above comments are just factually incorrect. The author seems to not understand the meaning of the word non-recourse. KFN has no residual liability on the ABCP. By virtue of this fatal mistake, the author completely misunderstands the liquidity situation. He can help himself by listening to the conference call again. In addition he will hear that KFN can in fact effectively take out their short term financing via a facility they put in place last November.