Thursday, August 05, 2010

Fortress Investment Group - Stealth Takeover Maybe?

Fortress Investment Group (FIG) announced some results and watched their stock stay below $5 @ share. They tipped toed around the redemptions issues. They cannot explain why with all their good idea’s the share price is going no where and a mere $2 billion in market cap is not attracting any interest. The company is a hodge podge of different investment deals. No focus. No management commentary worth listening to.

Makes you wonder if management group wants to talk the share price down and then buy it up?

Disclosure: No position in any stocks mentioned in this post.