I found this video of Kyle Bass talking about his 5% stake in MGIC Investment Corp. (MTG). I believe the video is from December 2011. He goes on to describe it as a long-term hold with prospects of being a serious multi-bagger. However, it appears from GuruFocus and his form 13F that he sold 75% of his holdings in the first quarter of 2012. Assuming he did sell 75% shortly after recommending it as a buy in the video, does anyone know what might have transpired in the first quarter that changed his long-term outlook? Perhaps the python hasn't digested the pig (see video)?
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