Below is T2 Partners February 2010 letter. For the month of February T2 Partners was down 0.9% vs. a gain of 4.3% for the S&P 500. For the year they are up 11.5% versus 9.01% for the S&P 500.
The letter is fairly brief and is mostly a re-hash of his prior comments on Berkshire's annual letter. Enjoy.
Tilson Feb Letter