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Ashkan Karbasfrooshan

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  • Why Is TheStreet.com Trading for Less than Cash? [View article]
    Hey User 162579,

    Hmm... our business is actually doing rather well.

    WatchMojo has served 50,000,000 streams on a rather light initial seed investment, with actual revenues and clients and not embryonic ideas.

    But, why am I arguing with an anonymous poster. Feel free to question any of the strategies or tactics we deploy... or the results etc... in a private or public forum.

    I welcome your criticism if it's actually based on our company and not void of merit or substance.
    Apr 5 04:13 PM | Likes Like |Link to Comment
  • Why Is TheStreet.com Trading for Less than Cash? [View article]
    Mr. Ed.

    Thanks for the feedback.

    Mr. MyFakeName,

    Thanks for the insight. Priceless.
    Mar 24 11:34 AM | Likes Like |Link to Comment
  • Why Is TheStreet.com Trading for Less than Cash? [View article]
    A rather important point to make. I knew something was off, and Bill Martin, of Indie Research / InsiderScore emailed me to let me know:

    "Study their venture transaction with TCV.. TCV has a preference on the stock they bought.. so about 55 million of the cash is spoken
    for in any transaction."

    As such, saying they have no debt is incorrect.

    This explains why the stock is priced the way it is.

    Mystery solved. Still think they need to diversify away from finance, though.
    Mar 23 12:21 PM | Likes Like |Link to Comment
  • Why Is TheStreet.com Trading for Less than Cash? [View article]
    Great point Silverfox2... I am going to look into the figures to see if the fall was heaviest in Q4 (when financials meltdown and advertising slowed down) or consistently / slowly throughout 2008.
    Mar 23 11:08 AM | Likes Like |Link to Comment
  • Sirius, GM, AIG: Where Is the Leadership in American Boardrooms? [View article]
    Speaking of radio, someone give Shure46 a radio show!

    "I don't need 4,000 dollars worth of wall to wall airbags , my seatbelt is fine with me "

    "hell , no one's going to pay ME to ruin my business !!!!!!!!!"

    that's pretty funny...

    Anyway, I'll add one serious thing re: SIRI. The company's billion dollar debt comes up next year, in 2009. How likely is it for shareholders to be wiped out?

    Just saying.
    Nov 12 02:53 PM | Likes Like |Link to Comment
  • Sirius, GM, AIG: Where Is the Leadership in American Boardrooms? [View article]
    So many pts to cover, so little time:

    - When AOL/TWX merged and then wrote off $40B or so due to loss of shareholder value, was that paper loss also irrelevant? If mgmt orchestrates a merger and one short year later has to acknowledge that $5B in value evaporated, I don't care if it's an accounting loss or a real loss, it's a bad reflection on management.

    - Which takes me once again to the crux of this post: management and candor. But yes, once the subject moved from management to investing, then I brought up the connection between the three industries because they are very much related... so if finance is non-existent and new car sales not happening, then why do we expect Sirius to do well.

    - Wild guess here: Many of you are obviously long this stock, you defend them as if they've helped you buy a few homes and pay for your children's education. Last I checked, this stock is trading at $0.25. Have you lost all common sense in defending them? Why don't you attack them (the strategy, the execution, the executives who cash in massive pay while returning little to stockholders) instead of me for calling a spade a spade.

    However, considering their entrenched position with carmakers, and at such levels, I admit that it's worth looking at the stock from a micro/unique perspective... but from a macro/systematic perspective, come on, stocks will continue to head down...

    If everything goes according to plan, I can see why at these levels, there's enough of a safety of margin to dive in. But right now, I don't see much support in equity prices... More bad news to come...
    Nov 12 01:55 PM | Likes Like |Link to Comment
  • Sirius, GM, AIG: Where Is the Leadership in American Boardrooms? [View article]
    RobbyBoy, this is the connection between the three industries:

    ***Problem being: you need carmakers to grow your business... and carmakers in turn need financials to offer cheap credit...***

    Which I think makes it hard for SATRAD to take off... especially now.
    Nov 12 09:03 AM | Likes Like |Link to Comment
  • Sirius, GM, AIG: Where Is the Leadership in American Boardrooms? [View article]
    SL - I'll look into the fundamentals of SATRAD. Thanks.

    Nice to see 8 years of foolish and arrogant foreign policy hasn't softened the ethnocentrism of some of the US readers on this page ;)
    Nov 11 11:33 PM | Likes Like |Link to Comment
  • Sirius, GM, AIG: Where Is the Leadership in American Boardrooms? [View article]
    Siriusly Despressed... you must be a lawyer ;)

    What I meant by bias was actually something more important: whether I owned shares or was short.

    Also, I think I can be bullish on something as a consumer but negative as an investor, no? In this case, I like SATRAD as a consumer but yes, so far, I am bearish as an investor. I don't think that is a crime or all that crazy. I am all for open source tech as an entrepreneur who uses it, but as an investor/entrepreneur who would back such a thing, not sure...
    Nov 11 09:16 PM | Likes Like |Link to Comment
  • Sirius, GM, AIG: Where Is the Leadership in American Boardrooms? [View article]
    SL62 - as an FYI, I am a Canadian... so yes, if I was American and lived in the US, my tone would be different. As you know, Americans and Canadians have a funny way of making fun of one another but respecting one another, too... and maybe that is what SA misses when they post my articles...

    "But don't be like others who are on their punk-ass high horse who take for granted what they have today. "

    That is not the objective.

    All to say... I promise to consider than any post might at any time pop up on SA... so I need to cover my bases, granted.

    See... I'm more Obama than Bush ;) - but on a separate but related note, folks, stop bashing Obama and give him a chance... In one night, America got back it mojo... that in of itself will help the US get back on track... why? Because it's all about confidence. Maybe you will like this, maybe you won't:

    The Week We All Became Americans, Again
    watchmojo.com/web/blog.../
    Nov 11 09:00 PM | Likes Like |Link to Comment
  • Sirius, GM, AIG: Where Is the Leadership in American Boardrooms? [View article]
    Siriuslly Depressed, thanks for the kind words (I think ;)

    You're right that SIRI is really not anything like AIG or GM with regards to its history and future: 100% right there.

    But... here is the thing I don't get: yes, terrestrial radio SUCKS (when I was younger - I'm only 30 now - I used to host a bunch of radio shows) but it's free... Free is very hard to beat and satellite radio has always seemed like a puffed up industry to me, sort of like financial services and carmakers these days.

    This last connection between the three is why I juxtaposed the three:

    - carmakers "needing" a bailout, even though consumers don't "want" US cars.
    - financial companies "needing" a bailout, even though they take the money and spend it on parties, getaways (which looks worst that it might actually be) and bonuses (which is criminal).
    - satellite radio: let's merge two companies that cannot survive independently, but we expect to thrive once combined...

    ***Problem being: you need carmakers to grow your business... and carmakers in turn need financials to offer cheap credit...***

    See the madness in this stock's story?

    So yes, I am guilty of that: if I was not spending 99% of my time building a media startup myself... sure, I should take more time to outline these connections.

    Guilty as charged ;)

    But go back to this

    ***Problem being: you need carmakers to grow your business... and carmakers in turn need financials to offer cheap credit...***

    And tell me I am crazy or wrong.

    I am all ears.
    Nov 11 08:54 PM | Likes Like |Link to Comment
  • Sirius, GM, AIG: Where Is the Leadership in American Boardrooms? [View article]
    SL62 - I am dying to get back into the stock market - but I just don't see any confidence in equities... which takes me back to, dare I say it, my initial point about the folks running the companies.

    But I am anything but disgruntled: I sold YHOO at $29 - It's at $12 now!

    The truth I sold in May, went away... and invested in my media company WatchMojo.com.

    Let's face it: the stock market is casino for those that don't really like casino. Financial statements, GAAP, SEC etc., are all things to make us feel like it's not... but who are we kidding.

    Since I sold my shares, the market's tanked, I am waiting to get back in... but don't see an end in sight with regards to bad news... it would also be nice to see some candor from management - another thing I highlighted - something that Warren Buffett always looks for, by the way.

    All right, I have a soccer match to head off to... go easy on the lynching while I am away.
    Nov 11 08:34 PM | Likes Like |Link to Comment
  • Sirius, GM, AIG: Where Is the Leadership in American Boardrooms? [View article]
    Relmor,

    Your comment is very fair. Frankly, my post was first posted on my own blog, HipMojo.com (for His Investment Portfolio-Mojo or His Intellectual Property-Mojo) where I mainly cover the Web, online advertising, M&A, stocks, etc. as both an investor and an entrepreneur, fully disclosing my positions.

    Sirius - not any bank or other company - was in the news today, as such, I commented on it.

    For what it's worth, this post had more to do with management, candor, doing the right thing etc., and not investing. Trust me, when it's about investing, it's very different... but that's not anyone's problem but my own.

    Either way, sometimes my posts are 1,000 words, sometimes they're 100 words. Definitely I could have added a few paragraphs to get into the fact that it was an impairment charge, but I did link to two stories that explain that, no?

    For what it's worth, my regular readers would have figured that I was trying to make a point and using the loss in a figurative manner; the SA readers naturally took it in the literal manner.

    Seeking Alpha is free and allowed to pick and choose what they want off my blog. As a publisher, they generally pick up what:

    a) covers publicly traded stocks and
    b) what will get the faithful SA readers irritated.

    This post fell under both a) and b) clearly ;)

    I really have nothing against Sirius. Mel K. is someone I look up to as a media entrepreneur / executive... but I have always been cynical about satellite radio... especially with their reliance on the car companies, which in today's climate exposes Sirius' exposure even more so.

    But, I would love to be proven wrong on why Sirius, or for that matter, GM or AIG, are great stocks to invest in. I've been sitting on the sideline with cash to invest... I am all ears ladies and gentlemen. Seriously.

    I heard yesterday one analyst calling GM to go to $0. Is that not sensationalist? Of course it is...
    Nov 11 08:29 PM | Likes Like |Link to Comment
  • Sirius, GM, AIG: Where Is the Leadership in American Boardrooms? [View article]
    There's another dynamic, as well.

    Whenever someone even raises an objection or criticizes a company or executive... you see shareholders in that company cry foul. Occasionally, management comes out, as well, and attacks the critic. The point is, usually the person doing the criticism has nothing to gain or lose, but those defending the company have a lot to gain if the stock goes up. With their positions entrenched, they are too emotional and attached to think objectively. Sometimes I wish I would have sold a stock sooner myself instead of holding on, blindly trusting management.

    Anyway, you saw that when an analyst raised red flags on Citigroup, or previously, Overstock. Both turned out to be right.

    My point here, basically, was that these are all poor sectors to begin with, and you have elaborate corporate development deals or requests for government interventions that simply are not necessary or unfair to the average American citizen.

    - Sirius/XM was tying two rocks and hoping it would float.
    - The Big Three have had problems that have nothing to do with this economic downturn, etc.

    Why not defend the industries, companies, and executives? No... too hard. Much easier to attack the critic.

    No wonder then that most American investors have lost massive amounts of wealth while the perpetrators of these actions are retiring with millions.

    It's a shame. Instead of attacking the critics, why not focus on those who are wasting shareholder money and destroying jobs?
    Nov 11 07:13 PM | Likes Like |Link to Comment
  • Sirius, GM, AIG: Where Is the Leadership in American Boardrooms? [View article]
    Ok, let's look at the facts, then I will ask you a question.

    Yesterday, less than 15% of Americans said the country was going in the right directions.

    Consumers are spending less...

    Companies are less confident, and as such are laying people off right and left.

    I got out of the stock market after seeing YHOO mismanage the MSFT offer. As a shareholder, I lost confidence.

    Personally, I am surprised any investors have any confidence in any companies right now.

    If you own shares in satellite radio, automakers, financials etc., do you have confidence in their Boards or mgmt?

    I would not.
    Nov 11 06:41 PM | 1 Like Like |Link to Comment
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