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Cramer on BloggingStocks: Checking in with the lonely financial bulls |
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| Aug 04, 2008 08:30 AM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Industry, Market matters, Federal Natl Mtge (FNM), Wachovia Corp (WB), Housing, Cramer on BloggingStocks  TheStreet.com's Jim Cramer says Rich Pzena has a different take on the value of the beaten-down sector.If you think the world is coming to an end, you might as well read Rich Pzena's note from Pzena Investment's (NYSE: PZN) (Cramer's Take) earnings call -- he talks about how the world just might not be ending. Rich has done excellent work his whole career and, in full disclosure, is a friend, and I don't seek out or have many friends on Wall Street. It makes the job -- telling the truth as I see it -- a little too hard. Anyway, Rich has been wrong, or early, or whatever you want to call it, on the financials. Someone like Doug Kass, who has been dead right on the financials, might take umbrage to my even mentioning Rich's work, but Rich deserves respect for his unbelievably great work over the years. I liked his conference call because no punches were pulled. He just admitted plain up that his quarter was awful, just terrible, as befits a money management company that invests in value, which now means the financials. Continue reading Cramer on BloggingStocks: Checking in with the lonely financial bulls Permalink | Email this | Comments<map name="google_ad_map_145-1274519"><area href="http://imageads.googleadservices.com/pagead/imgclick/145-1274519?pos=0" shape="rect" coords="1,2,367,28" /><area href="http://services.google.com/feedback/abg" shape="rect" coords="384,10,453,23" /></map> 
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