Seeking Alpha

Amvona

 
View as an RSS Feed
View Amvona's Comments BY TICKER:
Latest  |  Highest rated
  • Lost Money on Cisco: Why We're Not Worried [View article]
    Thank you for taking the time to comment.


    Warm Regards,

    Greg
    Feb 14 02:08 PM | Likes Like |Link to Comment
  • Lost Money on Cisco: Why We're Not Worried [View article]
    Thank you for taking the time to comment.

    The disclosure is accurate.... do not personally own any shares, and do not plan to acquire any.

    ...not aware of a checkbox on SA when publishing that allows disclosure of purchases for others, or advising others, which is why this fact and intentions are disclosed is in the opening lines of the article...

    not sure how the disclosure could be improved....
    Feb 13 09:13 PM | Likes Like |Link to Comment
  • Lost Money on Cisco: Why We're Not Worried [View article]
    ....the best returns are to be had by choosing well to begin with...

    Fortunes are rarely made by "...regularly taking some profits...", and its related tax penalties.

    Holding on to the right companies means regularly taking (as an owner) ongoing profits, vs. just "some" – the profit is in the company owned, not the stock sold.

    Stocks should be sold when a) their long term prospects no longer look favorable b) they are radically overpriced, or c) the capital can be better used somewhere else.

    …not convinced “taking profits” as a reason in itself, constitutes a sound justification upon which to sell - if the company is good, there is a significant margin of safety, it was purchased on a value basis, and the objective is to compound returns over the long run.

    … there are different investment philosophies (not all equal), not all investors would be a good match for the particular philosophy put forward.
    Feb 13 09:08 PM | 2 Likes Like |Link to Comment
  • Lost Money on Cisco: Why We're Not Worried [View article]
    Thank you for taking the time to comment.

    Extremely helpful/valuable information.

    Again Thank You and feel free to stay in touch.

    Warm Regards,

    Greg
    Feb 13 08:55 PM | Likes Like |Link to Comment
  • Lost Money on Cisco: Why We're Not Worried [View article]
    Thank you for taking the time to comment.

    The point you make is a very good one – also mentioned in the CC.

    Again thanks

    Greg
    Feb 13 08:49 PM | Likes Like |Link to Comment
  • Lost Money on Cisco: Why We're Not Worried [View article]
    don't understand comment regarding May 2010?

    do not have "clients" as such... do not receive any pay.

    the only advice given was precisely what is stated in the second sentence of the article.

    ...have not lost one penny yet for investors, rather the annual returns are greater than 75%...

    Since much of the advice and related rational are published online (with a date), it is easy to research the track record.

    dollar cost averaging is appropriate for passive investors... hope article didn't come off as "passive" approach to investing.

    is citing only recent price declines a sound basis upon which to make a "do not buy" conclusion?
    Feb 13 08:46 PM | 2 Likes Like |Link to Comment
  • Lost Money on Cisco: Why We're Not Worried [View article]
    Thank you for taking the time to comment.

    The points you make are very good.

    …can not tell you “who” is buying, but one possible “why” is the information provided above in the article…

    …perhaps you can expand on the $20.8 figure, would like to learn more…

    Again Thank You and feel free to stay in touch.

    … if you’re interested, you can view the unedited (by SA) article here:

    www.amvona.com/blog/in...

    Warm Regards,

    Greg
    Feb 13 04:25 PM | 1 Like Like |Link to Comment
  • Lost Money on Cisco: Why We're Not Worried [View article]
    Thank you for taking the time to comment.

    Agree with your points… except:

    Hope to not come across as “chart readers” – hopefully the other 2k+ words have something to add to the chart…. ;o)

    Next time will skip any “chart” graphics – there were actually many graphics in the original article, for some reason SA edited them all out except that one… ;o)

    … if you’re interested, you can view the unedited (by SA) article here:

    www.amvona.com/blog/in...

    Greg
    Feb 13 04:02 PM | Likes Like |Link to Comment
  • Lost Money on Cisco: Why We're Not Worried [View article]
    Hope to not come across as “chart readers”

    The percentage of investor “assets” received is precisely zero... receive no pay.

    Far from “throwing it away” the investors annual returns are greater than 75%, which they are ok with…

    Since much of the advice and related rational are published online (with a date), anyone can research the track record.

    It is a bit of a misnomer to speak of “losing” money. Since no positions were sold there were no real losses - obviously the thinking is that there will be a substantial gain – time will tell if the track record continues – perhaps the above return has been luck... time and the investors will decide.
    Feb 13 03:58 PM | 1 Like Like |Link to Comment
  • Lost Money on Cisco: Why We're Not Worried [View article]
    Thank you for taking the time to comment.

    …actually had a chance to read your comments before publishing on SA this morning, from the other articles you published your comment on.

    Your points are outstanding and worthy of careful consideration.

    They do not however undermine the validity of the comment from the article that you point out. Further, as other responders to your previous comment posts pointed out (including a former engineer from CSCO) the stock options may not be as prevalent as thought or indicated, and apparently the practice has been curtailed.

    ….do not agree with generous stock options, the ideal is when management and employees are willing to buy shares at market – that would be best – and agree, the schema can be used as a wealth transfer mechanism when abused – am not convinced however that that is what is happening here.

    Given what happened during the tech. bubble, and in particular to CSCO’s valuation (along with so many others), and the related splits, it is hard to envision what else CSCO’s management could do under the circumstances of the times as they are, and their large cash position.

    …willing to assume the best for now.

    Again Thank You and feel free to stay in touch.

    Warm Regards,

    Greg
    Feb 13 03:45 PM | 1 Like Like |Link to Comment
  • Lost Money on Cisco: Why We're Not Worried [View article]
    Thank you for taking the time to comment.

    What you suggest certainly is possible – and it is an excellent point to raise.

    If the management style is not working, it should be changed, and hopefully the CEO recognizes that if it is so.

    One of the best books on Management – that you might enjoy – is the following:

    www.amazon.com/Spirit-...

    There could be more quarters of disappointment…. might want to consider thinking in terms of multiple years, instead of multiple quarters…

    …such large enterprises rarely rise or fall on just one man (although the importance of the CEO cannot be overstated). These large enterprises often have many layers of management safeguards. Sometimes an excessive amount of flack is directed at the Number 1 guy, b/c he is the most visible and obvious target, while second and third tier management might get too much credit… and vice versa… it warrants consideration…

    Again Thank You and feel free to stay in touch.

    Warm Regards,

    Greg
    Feb 13 03:16 PM | Likes Like |Link to Comment
  • Lost Money on Cisco: Why We're Not Worried [View article]
    Thank you for taking the time to comment.

    Agree completely.

    Again Thank You and feel free to stay in touch.

    Warm Regards,

    Greg
    Feb 13 03:07 PM | Likes Like |Link to Comment
  • Lost Money on Cisco: Why We're Not Worried [View article]
    Thank you for taking the time to comment.

    You could be right that Mr. Chambers doesn't want to pay a dividend, one of the analysts on the CC asked about a date, but he gave no details... he does seem reluctant.

    Dividends are tricky. if a company pays them it is a way of saying the shareholders can do just as good as management at allocating the capital - it is a type of fairness / humility on the part of the management team.

    Also, lots of undisbursed cash, can disguise missteps - money has a way of covering over problems, and sometimes, causing a sort of "rest on your laurels" approach to management.

    Yet on the other hand, a dividend is a second tax on the already tax earnings of the owners of the company - i.e. shareholders - if it's a great company with consistent earnings and growth - maybe it is better to leave the cash in the company? Particularly if the management has an aptitude for allocating it that is at least as good as the average share holder?

    ...don’t have a strong opinion one way or another here.

    Again Thank You and feel free to stay in touch.


    Warm Wishes,

    Greg
    Feb 13 03:02 PM | 1 Like Like |Link to Comment
  • Lost Money on Cisco: Why We're Not Worried [View article]
    Thank you for taking the time to comment.

    Don’t kick yourself too much… all investors have losses.

    The fact that you have the patience to hold a stock for 8 years puts you ahead of most.

    …don’t really have “clients” per se… receive no pay … just try to respond to the requests of others who find some value in the work…

    Greg
    Feb 13 02:46 PM | Likes Like |Link to Comment
  • Lost Money on Cisco: Why We're Not Worried [View article]
    Thank you for taking the time to comment.

    Sounds like you have very good senses…

    Definitely agree that it is probably a very wise investment for the “long term”

    Again Thank You and feel free to stay in touch.

    ...if you’re interested, you can view the unedited (by SA) article here:

    www.amvona.com/blog/in...

    Warm Regards,

    Greg
    Feb 13 02:40 PM | Likes Like |Link to Comment
COMMENTS STATS
232 Comments
35 Likes