PackMan

Doug Kass's 20 Surprises for 2010

Jack Welch is also older than George Steinbrenner. Good luck w/ that one !

Agreed; entertaining; but throwing some stuff against the wall at the same time.

A Window of Opportunity to Buy Emisphere.

Good article Joe !

A quick comment on the "botched" secondary. The other half of that secondary including giving MHR (largest shareholder and dominates board of directors) cover to buy shares with full warrant coverage even cheaper than the two funds. The 2 non-MHR directors supposedly handled and blessed and blessed this financing that created significant dilution, with the company being on record promising shareholders that any financing would be non-dilutive, or minimally dilutive.

Non-surprisingly, shareholders were not pleased with this secondary; and the stock cratered even further from pre-secondary levels (maybe the 2 funds selling, maybe not).

The 2 non-MHR directors then mysteriously resigned from the board. Mission Accomplished for MHR !

The "botched" financing was perhaps the worst executed financing I have ever seen. Emisphere needs to address its MHR problem and stop screwing its shareholders. Whether this is simply incompetence or something more sinister, shareholders deserve better.

The Novartis news is fantastic. Many will tell you however, that MHR's involvement in the company is a huge albatross over this company. Fix that, and this company can be a 20 bagger or more from here.

Emisphere: Improving Drug Delivery

Good piece. Now if only the CEO can go raise some non-dilutive money !

The Rules on Buybacks Ought to Be Changed for Citigroup

Citi has quite a bit of earnings power

The Rules on Buybacks Ought to Be Changed for Citigroup

I agree 100% -

a) CITI should and should be allowed to buy back stock right here, right now; they have plenty of liquidity.

b) Fools at the SEC need to ban NAKED shorting for everyone, including market makers; bring back the uptick rule; and perhaps suspend short selling for some time. These stocks are being overwhelmed by computer programmed naked short sales, which ram down the stock prices - short and cover, short and cover ... all the while creating panic, fear, forced sales, liquidiations which feeds into the frenzy and panic.

c) Halt all CDS trading; leveraged ETF trading; CMBX index trading. These are all part of the problem.

c) Time for the idiots at the FED Treasury and SEC to get their respective acts together and put an end to this assault on our country.