Kyle Bass strikes again - UDF Down 55% FBI Raid

heavenskrow

heavenskrow

http://www.businessinsider.com/udf-visited-by-fbi-2016-2
https://udfexposed.com/

Kyle Bass announced he was short UDF on December 10th, and with that announcement the stock tanked. Then did a deadcat bounce and technically the short was a classic. Everything worked perfectly technically, so beautiful.

Today there was news the FBI raided UDF headquarters and stock tanked 55% and got halted for trading.
This is why I love hedge funds and guys like Bass, they expose the messed up things in the world that go on everyday around our lives- but everyone is too busy in the rat-race to notice.
 
heavenskrow said:
http://www.businessinsider.com/udf-visited-by-fbi-2016-2

Kyle Bass announced he was short UDF on December 10th, and with that announcement the stock tanked. Then did a deadcat bounce and technically the short was a classic. Everything worked perfectly technically, so beautiful.

Today there was news the FBI raided UDF headquarters and stock tanked 55% and got halted for trading.
This is why I love hedge funds and guys like Bass, they expose the messed up things in the world that go on everyday around our lives- but everyone is too busy in the rat-race to notice.
More...

He does good research. Good find.
 
Maverick74 said:
He does good research. Good find.
More...
have you seen his site, https://udfexposed.com ?
Pretty interesting analysis, unfortunately I will never be smart as the guy.
Just good to find out what sites were the ones that first reported on Kyle Bass shorting UDF, then next time he announces a short, if the charts look good...believe in his fundamental analysis and short those to oblivion.
 
heavenskrow said:
http://www.businessinsider.com/udf-visited-by-fbi-2016-2
https://udfexposed.com/

Kyle Bass announced he was short UDF on December 10th, and with that announcement the stock tanked. Then did a deadcat bounce and technically the short was a classic. Everything worked perfectly technically, so beautiful.

Today there was news the FBI raided UDF headquarters and stock tanked 55% and got halted for trading.
This is why I love hedge funds and guys like Bass, they expose the messed up things in the world that go on everyday around our lives- but everyone is too busy in the rat-race to notice.
More...

He gave a great interview on the new "Wall Street Week" tv show (youtube) where he went over in detail how is going after all these companies and why.
 
I guess Kyle Bass' company Hayman Capital has shorted UDF, or bought long Puts...
Clever idea to specialize on bringing a listed company to fall and of course profit big.
Conspiracy mode on:
Btw, who says the whole action was not planned in advance by all involved, incl. Bass _and_ UDF?... ;-)

Update:

from his Letter:
"Letter from Kyle Bass

Dear Reader:

At Hayman Capital, we attempt to identify market inefficiencies and invest around opportunities created by those inefficiencies.
Last year, we took a short position in United Development Funding (UDF) IV. Our research showed that UDF exhibited characteristics
consistent with a Ponzi scheme, the size and scope of which exceeded a billion dollars.
..."
 
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this from wiki:

Fund performance
Hayman Capital earned 212% in 2007 by shorting subprime. In the next 8 years the fund averaged 1.56% annualized. Hayman has gone through its ups and downs, but some of the downs have been significant. Bass' Macro Opportunities Master Fund went down 32% in a single month, April 2012, by which time it had declined 61% in value since its founding in July 2010. Hayman fell more than 6% in the first quarter of 2014, during which the S&P 500 gained 4.4%.

https://en.wikipedia.org/wiki/Kyle_Bass
 
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curiousGeorge8 said:
Fund performance
Hayman Capital earned 212% in 2007 by shorting subprime. In the next 8 years the fund averaged 1.56% annualized.
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That is the definition of 1 trick pony. The same as Paulson's fund, he also made big with the subprime short and was never able to even come close to that....
 
Pekelo said:
That is the definition of 1 trick pony. The same as Paulson's fund, he also made big with the subprime short and was never able to even come close to that....
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%%%
Plenty of truth in your statement; but he is much better than average.

...................''sees oil rebounding'' Besides that ,he started out more or less @ Bear Stearns Dallas+ yet avoided the Bear market death of Bear Stearns.Did you see how many got caught in the bear market defeat of Bear Stearns, ; so many predicted ''too big to fail''
 
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