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Brian Mundy

 
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  • LinkedIn (2013) Vs. Amazon (1999) [View article]
    I saw that as well... apparently the SEC has decided that since Kass and LNKD are "winners" they shouldn't be governed by the same rules as the rest of us. Seems like a good gig if you can get it...

    http://1.usa.gov/Vp0TOH
    Feb 27, 2013. 01:55 PM | Likes Like |Link to Comment
  • LinkedIn (2013) Vs. Amazon (1999) [View article]
    Yes - and I get that: Something that has an irrational valuation can always become more irrational...

    I'm just saying there's a good reason for that: in this case the guys pumping the stock are the ones that own it. I've just heard that in many regulated markets those actions are "illegal". Apparently not in this one though?
    Feb 27, 2013. 01:23 PM | Likes Like |Link to Comment
  • LinkedIn (2013) Vs. Amazon (1999) [View article]
    Ok, let me get this straight: Evercore (EVR) hikes their price target and LNKD is propelled to new highs. How is this not an old fashion pump and dump scheme???

    EVR's 2 largest institutional owners are FMR and Jennison Associates. These are ALSO 2 out of the 3 largest institutional holders of LNKD. Yeah, I bet we're gonna get a good valuation out of those guys...

    $18B - What. A. Joke.
    Feb 27, 2013. 01:04 PM | 1 Like Like |Link to Comment
  • Stocks Real Investors (Should) Like [View article]
    Happy Halloween!

    This is the final performance update for the portfolio (if you remember, I recommended selling off TODAY), as such, the portfolio has gained 8.82% over the past three months. The additional gain over our 6% target can be attributed to gains in the broader market. On a per stock basis the results were as follows:

    PMTI +7.7%
    OMER +5.7%
    NMRX +17.8%
    CSV +31.1%
    FTEK -22.0%
    XLV -5%

    So... moral of the story is that if you're looking at ways to book some gains, the above strategy seems to be a winner. Good luck and happy trading.
    Oct 31, 2012. 10:09 AM | Likes Like |Link to Comment
  • Stocks Real Investors (Should) Like [View article]
    Update #2: After the 60 Day mark, the portfolio has gained 7.55% in value (still exceeding it's expected target). I'll run some risk-adjusted analysis at the 90-day mark. Top performers have been PMTI and CSV. FTEK broke downward when it reached the $5.00 threshold.
    Oct 1, 2012. 10:18 AM | Likes Like |Link to Comment
  • A High-Def Look At DirecTV's Numbers [View article]
    You know, I like their LATAM growth, and I'd chalk increased sg&a to macroeconomic fluctuation (eh, it's not a huge spike)... But the issue in my mind is that they live and die on content delivery - and I see that shifting towards wifi / 4g in the near future. That said, winning the 4G contract in Brazil is a good first step.

    But here in the US... that also puts them in direct competition with VZ, Charter, Time Warner, and a newcomer to the cable market: gulp... Google.
    Sep 6, 2012. 12:36 PM | Likes Like |Link to Comment
  • A High-Def Look At DirecTV's Numbers [View article]
    First of all, I like DTV - I think they do a great job for the most part.

    But... How do you reconcile I) rising SG&A costs (q-q-q) II) No internet offering (just speaking to where the industry seems to be going...)?
    Sep 6, 2012. 09:30 AM | Likes Like |Link to Comment
  • Stocks Real Investors (Should) Like [View article]
    Update: After about a month, this portfolio has exceeded it's 6% expected return target. On the one hand, the S&P is up about 3% over that timespan. But, the portfolio on the whole has a beta of -.2, so I'm not too certain that the systematic risk is the determining factor here. Time will tell...
    Sep 4, 2012. 04:03 PM | Likes Like |Link to Comment
  • "There is scope for further action by the Federal Reserve to ease financial conditions," says Ben Bernanke in a letter to Rep. Issa defending previous central bank moves. Noting monetary policy works with a lag, the Chairman says decisions must be made "in light of a forecast of the future performance of the economy." [View news story]
    Oh right... it's easy to lose track.
    Aug 24, 2012. 03:59 PM | 1 Like Like |Link to Comment
  • "There is scope for further action by the Federal Reserve to ease financial conditions," says Ben Bernanke in a letter to Rep. Issa defending previous central bank moves. Noting monetary policy works with a lag, the Chairman says decisions must be made "in light of a forecast of the future performance of the economy." [View news story]
    Do the markets need re-assuring at this point? We're at 13k right now - why does Berneke feel the need to keep promising more???
    Aug 24, 2012. 12:16 PM | 5 Likes Like |Link to Comment
  • Insider Trades: Opportunity Or Sham? [View article]
    Hi Jonathan,

    Thanks for your comments - you bring up some excellent points. I'll agree that additional information should be considered when assessing insider trade information. Actually, I think you hit the nail on the head when you noted "Why so many investors (including professionals) think the extra work isn't necessary to make the most of the profitable stream of investment-specific behavioral finance information represented by the insider data is beyond me."

    Everyday there seems to be another article about the most recent insider buys or sales, where there should be articles defining what insider buys / sales should be determined "Significant", because as we both (and the data) agree, most of it is just noise...
    Aug 23, 2012. 11:12 AM | Likes Like |Link to Comment
  • Buy Hawaiian Airlines: Superior Hedging Practices And Recession Resistance Will Send Hawaiian Soaring [View article]
    Great information! It's actually pretty common across refineries to hedge fuel costs with 2/3 long-term contracts and 1/3 spot buys - you would think the other airlines would take notice and follow suit.

    That said, man, those are long paragraphs... can a reader get some bulletpoints!
    Aug 22, 2012. 09:54 AM | Likes Like |Link to Comment
  • GameStop Is A Buyout Candidate With Excellent Underlying Value [View article]
    I look at the GME model and I think it has several strikes against it:

    1) Changing console design favoring digital distribution
    2) The industry's push towards mobile
    3) More and more legacy games are being distributed digitally
    4) Poor morale (http://bit.ly/MAQ6QZ)

    Admittedly, the last one is a stretch but a company who should count customer service as a strategic advantage due to their retail presence seems to be doing anything but that...
    Aug 16, 2012. 02:53 PM | Likes Like |Link to Comment
  • Zillow And LinkedIn - Headed In The Right Direction [View article]
    At this point, investing in LNKD is a huge gamble with little upside. Even if it is a solid company, it's priced like it can do no wrong. Ever. Even at this point they're buying marketshare because the market has signaled it only cares about revenue growth. Furthermore, just to get to that point they're reporting non-gaap earnings. Ridiculous.

    This is a momentum stock. Nothing more.
    Aug 16, 2012. 09:27 AM | Likes Like |Link to Comment
  • GameStop Is A Buyout Candidate With Excellent Underlying Value [View article]
    For gamestop to survive in the long-run (or make sense for any acquiring company), they'll need to scrap their existing business model. I'd say focus on digital distribution, but I can't see any competitive advantage they'd have...

    Maybe the comparisons to blockbuster aren't all rubbish?
    Aug 14, 2012. 09:16 AM | 1 Like Like |Link to Comment
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