The Mystery CEO Who Took His Firm Off The No-Short List


CNBC has been building the fake suspense for three commercial breaks now. Who could it be? What penetrating commentary should we expect? We are game. And easily amused. So we got excited when we heard. We fantasized that it was David Einhorn of the Einhorn Eagle Scouts or someone.
It is "Ric Dillon." What a let down. President and CIO of Diamond Hill Investments. Hoo-ray. My excitement is testing the threshold of explosive incontinence, let me tell you. Well, he did short Detroit. Anyone who shorts that armpit can't be that bad.
If you don't recognize the name, he's kind of the typical looking Midwest football jock-come-mini-regional-bank-President. You know the one I mean. After living next door for 5 years he first met your parents when he came over at 3am and compelled his dejected looking son to admit that he had stolen your parents' car and gone on a joy ride out to the country and would they please not press charges because, after all, he didn't mean any harm and all the kids were doing it and he will wash it for free if they just forget about the police. Yeah. That guy.
I was really hoping for some sparks. I got nothing. He spent all of 15 seconds on short selling. Then he went on to deliver a very weak pitch for Apache (NYSE:APA). Christ.


Dick Bové Has Whittled His Long List Of Offers Down To Three Lucky Firms

Dick Bove, the bank analyst whose brokerage, Rochdale Securities LLC, is struggling to survive after an unauthorized $1 billion Apple Inc. trade, said he’s been interviewing for a new job. Bove said he has narrowed his choice to three firms, which he declined to name, and will make a decision by about Dec. 15. The 71-year-old analyst said he’s giving Daniel Crowley, Rochdale’s chief executive officer, time to seek rescue financing after a loss on the Apple trade decimated the firm’s capital. “I indicated to them that my loyalty is with Dan Crowley and so I couldn’t make a decision until Dan threw in the towel,” Bove said today in a telephone interview. “The decision I make is really based on whether I want to stay with a small firm and write what I’m going to call provocative research or whether I want to go back in the general Wall Street milieu, dealing with corporate finance issues.” [Bloomberg]