Gator Capital Blog

Citi Keeps it Retail Partner Card Division

Derek — Mon, 31 Oct 2011 12:34:59 +0000

This post about Citi’s Retail Partner Card Division originally ran on MarketWatch.com on October 28, 2011. In Citigroup’s recent earnings release, Citi’s CEO Vikram Pandit announced that the company would move its Retail Partner Cards division from Citi Holdings to Citicorp. This effectively means the company has decided to keep the division as a core business and is [...]

3rd Quarter Letter from Gator Released

Derek — Tue, 25 Oct 2011 14:48:59 +0000

The 3rd Quarter letter for Gator Financial Partners was released yesterday to investors. If you would like a copy, please complete the following form:

Are Private Equity Firms as Volatile as Their Stock Prices?

Derek — Thu, 20 Oct 2011 13:04:59 +0000

This post about private equity business franchises originally ran on MarketWatch.com on October 11, 2011. Publicly traded private equity firms KKR & Co, The Blackstone Group and Apollo Global Management declined more than the overall financial sector during the 3rd quarter. It appears that investors had concerns that these firms would suffer from liquidity drying [...]

Signals from Berkshire Hathaway’s Buyback Announcement

Derek — Tue, 27 Sep 2011 13:20:42 +0000

Yesterday, Berkshire Hathaway announced a share repurchase program. This is an important milestone announcement in the history of the company because it signals many things to current and prospective shareholders. It signals that the Oracle of Omaha thinks his stock is undervalued. It signals that the stock may perform well over the short-to-medium term. The [...]

Citigroup: Collateral Damage from Bank of America

Derek — Mon, 26 Sep 2011 19:06:07 +0000

This is the second of a three part posting on Citigroup. The first part explored how I own Citigroup and other large banks despite the risk of a systemic collapse if there was a hard Greek default. The final part will review a list of reasons why investors avoid Citigroup and how I overcome these [...]