Glenn Tongue - T2 Partners LLC
Glenn H. Tongue is a Managing Partner of T2 Partners LLC and the Tilson Mutual Funds. Mr. Tongue spent 17 years on Wall Street, most recently as an investment banker at UBS, where he was a Managing Director and Head of Acquisition Finance. Before UBS, Mr. Tongue was at DLJ for 13 years, the last three of which he served as the President of NYSE-listed DLJdirect. Prior to that, he was a Managing Director in the Investment Bank at DLJ, where he worked on over 100 transactions aggregating more than $40 billion.
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Articles
Audio Excerpt: Glenn Tongue on SanDisk
Value Investing Letter - 11.01.11
From T2 Partners' recent Workshop at the Value Investing Congress, Glenn Tongue discusses the positive prospects of SanDisk, a key player in the growing flash memory market and one of the newest additions to T2's portfolio.
Mutual Funds Look To Bank On BP Shares
Fox Business - 07.09.10
1) As the market continued its swoon, our fund bucked the trend last month and rose 4.2% net vs. -5.2% for the S&P 500, -3.4% for the Dow and -6.5% for the Nasdaq. Year to date, our fund is up 9.8% net vs. -6.6% for the S&P 500, -5.0% for the Dow and -6.7% for the Nasdaq. Attached is our June letter to investors, in which we share our detailed (nine page) analysis of BP.
Berkshire Options Trading May Outpace Cemetery Firm
Business Week - 01.20.10
It’s going to be a much more heavily traded stock,” said Glenn Tongue, a partner at T2 Partners LLC, which owns Berkshire shares. “Burlington Northern comes out of the S&P 500. One can imagine Berkshire being considered for inclusion. That would be an important catalyst.”
Glenn Tongue on The Hidden Value in Howard Hughes
GuruFocus - 07.17.11
Howard Hughes Corp owns, manages and develops commercial, residential and mixed-use real estate across the U.S. HHC properties include master planned communities, operating properties, and development opportunities in 18 states. The development assets’ current cash flows do not reflect future potential.
Riding The Rally, Part Deux
Forbes - 03.09.10
When the S&P 500 fell to 677 and the Dow Jones industrial average hit 6,547 a year ago, investors were "about as fearful as we've ever seen them," says Glenn Tongue, managing partner of T2 Partners and Tilson Mutual Funds. "When that happens, they are paralyzed, or worse, they sell."
Videos
No, Buy-And-Hold Is Not Dead, Says Tongue--It's Just Sleeping
Yahoo Finance - 09.23.10
After more than a decade in which stocks have gone nowhere but down, investors can be forgiven for asking whether the money-making mantra of the 1990s, "buy and hold," is dead. No, it isn't, says Glenn Tongue, a general partner at Tilson Mutual Funds. It's just that, if you're buying on price, you have to have a different time frame than traders who are gauging "momentum" or "sentiment" and other factors that drive the market's movements over the short term.
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One Year Later: You Can Still Make Money But "It's Nowhere Near as Easy," Top Manager Says
Yahoo Finance - Tech Ticker 03.10.10
Interview and discussion with Glenn Tongue of the T2 Partners.
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T2's Tongue Likes Iridium Communications, General Growth
Bloomberg - 03.31.10
Glenn Tongue, a partner at T2 Partners LLC, talks with Bloomberg's Matt Miller about his investment strategy for U.S. stocks. Tongue also discusses the Federal Reserve's exit today from purchases of mortgage securities and the outlook for the housing market.
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Despite Obama's Best Efforts, Housing Prices Have Further to Fall, Says Glenn Tongue
Yahoo Finance - Tech Ticker 03.10.10
Tongue tells Aaron, in the accompanying clip, home prices still have another 5-10% to drop before hitting bottom. And, though he admits "a year ago the situation was a lot worse" he's still wary of investing in housing and financial stocks related to housing.
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