While I'm in the mood for mea culpas, I have to mention CapitalSource (CSE). I have never gotten as much mail as I have about my recent critiques of CapitalSource (CSE). I still remain pretty critical of the Company's broadening business model, but I guess I can give them the benefit of the doubt. I've never recommended shorting CSE or anything like that, however -- I just feel as though their execution could be sharper. Call it urging a B-student to strive for an A. They got a sweet deal on the Fremont bank branches, so let's see what investments they make with those cheap deposits.
Friday, April 18, 2008
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