Update on a Long-Time Short
Doug Kass
on
November 2, 2026
I remain short $MPT (and have been for a few years):
$MPT What “this” means is a ~$200m write down of value, an empty hospital that was marked at par. Or 5x the actual value.
— Michael Taylor (@Mike_Taylor1972) November 2, 2026
This is a problem when debt is based upon collateral that is worth MUCH less than the fake mark. $MPT IMHO is defined by a sea of fake marks. https://t.co/Atp4jGjpe9
Position: Short MPT (S)
- Category: Daily Diary
- Tag: MPT
Posted by Doug Kass
Doug Kass is a world-renowned hedge fund manager with decades of experience and success navigating through some of the most turbulent periods in market history. He is known for his time-tested analytical skills and ability to look past the current noise and herd mentality. On TheStreet Pro, Kass provides frequent market commentary and investing ideas for active investors throughout each trading day in Doug’s Daily Diary. He also serves as president of Seabreeze Partners Management Inc. Previously, he served as a senior manager at Omega Advisors, a $6 billion investment partnership. He co-authored a book with Ralph Nader and the Center for the Study of Responsive Law called “Citibank: The Ralph Nader Report” and can be found as a guest host on CNBC's "Squawk Box." A Note from Doug: Current strategies and actionable trade ideas -- all on one dynamic platform built exclusively for active trades. From sudden sell-offs to sudden spikes, TheStreet Pro arms you with crucial analysis -- at a rapid fire, professional pace -- to help you make sound trading decisions -- every day, every hour, and every minute. Join me and my team of professional traders for unique perspectives and breakthrough investment opportunities.