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You owned 5% of Indymac bank going into Sept of last year, using something like 20% of your funds ($86MM out of ?), ouch.
Aug 11 12:52 pm
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All Comments by DSB »Financials: Bottoms Happen When Everyone's Convinced They Won't [View article]
www.reuters.com/articl...
"IndyMac is in a stronger position now because so many of its competitors have left the business, said Tom Brown, a former top-ranked bank-stock analyst who now runs hedge fund Second Curve Capital LLC. The New York-based fund has raised its passive stake in IndyMac to 5 percent from 2 percent, representing a total of 3.7 million shares"