Seeking Alpha
View as an RSS Feed

Chimin Sang  

View Chimin Sang's Comments BY TICKER:

Latest  |  Highest rated
  • 25% Allocation To Apple - Too Much Risk? [View article]
    You are only 22 -- you should be a lot more aggressive than this.
    Nov 21, 2015. 09:55 PM | 1 Like Like |Link to Comment
  • Xinyuan Real Estate: What To Look For Going Forward [View article]
    Well, I think the way to do more share buyback is to move the dividend money into share buyback. At the current rate, the Company is using $15m per year on dividend and the equivalent amount on share buyback. The Company could stop the dividend and instead spend $30m solely on share buyback until the stock price is above $4, at which point of time the Company could resume the dividend at 5% yield ratio.

    The current float ADS count is 47.5m, $30m would remove about 10m ADS per year, and would lift the stock back to at least $4+ in no time.
    Feb 24, 2015. 10:08 AM | Likes Like |Link to Comment
  • Xinyuan Real Estate: What To Look For Going Forward [View article]
    To be fair, XIN is pretty good in making its stock holders feel good by action of dividend and stock buyback; It is the market that did not make XIN feel good by lowering its valuation and removing its capability to raise equity capital to fund its expansion.

    I would be EXTREMELY surprised if XIN stops share buyback, though I wish XIN suspend dividend to fund more stock buyback, which is not a likely event either.
    Feb 23, 2015. 01:32 PM | 1 Like Like |Link to Comment
  • Capacity Discrepancies At Lihua International [View article]
    Despite all the disguise Lihua Internationl pulled, including faking SAIC reports, hiring dummy independent directors, and providing erroneous information to the SEC, it implodes under the pressure of its nonexistent business. Justice well served; I feel sorry for all the parties involved in it, the blind longs and fighting shorts to expose the fraud. The evilness and stupidity of the management wasted many people's resources. May it never happen again.
    May 1, 2014. 01:11 PM | 1 Like Like |Link to Comment
  • Uni-Pixel: Adding Value Additively [View article]
    People should listen to Professor Bruce Greenwalds talk about the biggest mistake individual investors could make in light of the taget valuations Green River suggested -- When you hear these numbers, go take a shower --
    Jan 19, 2013. 09:17 AM | Likes Like |Link to Comment
  • UniPixel Bright Future Clouded By Shoddy Research  [View instapost]
    Green River, Welcome to the hedge fund business. It is only the beginning of lessons for you.
    Jan 15, 2013. 03:32 PM | 1 Like Like |Link to Comment
  • Uni-Pixel: Adding Value Additively [View article]
    Congratulations, suddenly you heard from everybody. It is very convenient but I feel sorry that you cannot fabricate it into your original article. You may send your request to SA editor though. Good luck.
    Jan 11, 2013. 06:51 PM | 1 Like Like |Link to Comment
  • Uni-Pixel: Adding Value Additively [View article]
    Your information source is the management, which is biased. CEOs make you broke this way. Who is the global OEM? Did you hear from them directly? Did you hear from Texas Instrument? If I were Texas Instrument, of course I would check out the samples from UNXL, but look that is one year ago now, and you don't hear any progress? This company generates almost zero revenue for all its existence from when? Even Texas Instrument is a marginal player in the market, and you count on a marginal supplier to a marginal player? and zero response after one year?

    Stop taking your one-sided information from the management and fool yourself. Investing does not work this way.
    Jan 11, 2013. 03:49 PM | 1 Like Like |Link to Comment
  • Uni-Pixel: Adding Value Additively [View article]
    Well, I also made a check with this stock. It seems pretty funny -- all the long thesis took information from the company, and never bothered with
    1) check up UNXL's patent portfolio, which is really easy to do.
    2) check out its competitor's technology, which is also easy to do. Never heard of Cambrios, Atmel, huh?
    3) check out the existing ITO technology. Technology improves, don't assume that the cost of mass production will not go lower.

    The pumpers vastly underestimated
    1) How easy one can propose a technology and
    2) How difficult one is to consistently make qualified products.

    And the company had 18 employees as of end the last year when they supposedly had the technology. They had 6 CXO/VP, and that left 12 employees to do the work, including accountants and office managers. How many people were doing the hard work of R&D for heaven's sake? And how could they compete against the real industrial leaders? R&D is not just to propose a technology. Million things can go wrong in printing such fine lines repeatedly and reliably. You think Apple's short supply is the laziness of Chinese workers? Do you know how difficult it is to get one component right in production? I have engineer friends scratch their heads to the last moment of mass production.
    Not mentioning that the mass production takes place in Asia for heaven's sake, not in Texas. Oh, you do not know those manufacturer's names, DO YOU?
    Jan 11, 2013. 02:31 PM | 1 Like Like |Link to Comment
  • It Might Be Time To List Zillow And Trulia As Short Sales [View article]
    You got the timing well -- both names cratered under the weight of their own lofty valuation.
    Nov 9, 2012. 06:27 PM | Likes Like |Link to Comment
  • Why Is Xinyuan Real Estate So Cheap? [View article]
    buy buy buy.
    Mar 26, 2012. 09:13 AM | Likes Like |Link to Comment
  • Caution For The Long-Term Investor, Watch Out For A BroadVision Dump [View article]

    This site is dedicated to BVSN. Check it out folks.
    Mar 6, 2012. 01:15 PM | Likes Like |Link to Comment
  • Sino Clean Energy: Who Lied About the Weather? [View article]
    Don't you think that the weather report came from a third party and the video came from the first party?
    Mar 6, 2012. 09:25 AM | Likes Like |Link to Comment
  • Royalty Settlement May Be Music To Pandora's Ears [View article]
    Yes, business may want less revenue, as long as they can cut even more cost with it. This is how downsizing works.

    Even if the existing business does not get motivated, new business will get motivated. In this case, new Internet radio stations would be started to increase music supply. Those radio stations need to only cover the fixed cost, which would be very low to begin with, and they can only focus on getting audience without generating any revenue. Once they have enough audience, they can monetize the traffic. It is low risk business if without a minimum cap. The end result is over supply of Internet radio stations but very low level of monetization, which the music industry will hate to see.

    So we do agree that there is a minimum cap.
    Dec 6, 2011. 10:06 PM | Likes Like |Link to Comment
  • Royalty Settlement May Be Music To Pandora's Ears [View article]
    A revenue-based fee structure without a minimum cap will depreciate the true value of the songs and motivate radio stations to generate lower revenue. The rate may change, but the payment structure, revenue-based with a minimum cap, is unlikely to change.
    Dec 6, 2011. 08:53 PM | Likes Like |Link to Comment