Chimin Sang

How Apple and iPhone Blew It in China

Certainly Chinese government and the China Mobile did not make it easy for Apple to have the right strategy in China. Apple, though, failed miserably for years in having a right strategy in China.

Shaun's article is very insightful. I thought Wifi was the big thing besides price, but Shaun's Part I changed my opinion.

Red Meat for Goldman Conspiracy Theorists

I for one believe in the theory. Hehe.

The Short Case on Pitney Bowes, Chris Pavese's Highest Conviction Position

Is pumping a stock while holding long also a conflict of interest? Should everyone just shut up?

How to Stress Test Your ETFs

Haha, interesting viewpoint.

One thing to warn against misuse of this method: Don't look up stocks by ROE and construct your own ETF from high to low. That may not work out pretty.

Question for Peter, have you tried E/P in place of ROE? Could E/P be a better choice since it is product of ROE and B/P so that it takes the market value in consideration?

Analyzing the U.S.'s Four Largest Banks

A side note:

You might be interested in seeing your method in use:
seekingalpha.com/insta...

The Short Case on Pitney Bowes, Chris Pavese's Highest Conviction Position

Yoyomama, your first post was helpful, but your later two were not.

If you could, please focus on the discussion on the PBI business, not your trading strategy, and I believe that is why you got the negative feedbacks.

How to Stress Test Your ETFs

Peter, I mean Earnings.

Instead of ROE, which is earning/book equity, I am thinking earning/Market price.

In theory, a portfolio can have really high ROE, but terrible low E/P, ie. terribly high PE, due to over enthusiastic investors. In this case, we should expect low or negative return even though with high average ROE.


On Dec 22 10:52 AM Peter Mycroft Psaras wrote:

> Great Point my friend,
>
> This is just a stress testing method and one should never construct
> a portfolio based on it, by just one variable. When I analyze stocks
> for my clients I do both Quantitative and Qualitative analysis and
> only after I have completed my selections do I use this stress test
> as a final check.
>
> Sorry but could tell me what E you are referring to? Enterprise Value,
> Earnings? Just so I can be sure before I answer.
>
> Thanks

History of China Medstar Sheds Light on Concord Medical Services

Concord Medical bought 23 centers out of 83 centers it currently own for $35 million and sold the entire package for $540 million ($11/ADR x 147.5 million shares x 3 shares/ADR). Hmm.... Yummy or Yuck?

Is Lihua International Cooking Its Books? Part II

User 344233,

Look, if I am wrong, I am the one to lose, and you are the one to gain. Is it fair?

Is Lihua International Cooking Its Books? Part II

Thanks to Bill Simpson and "Big Boss". Your following is encouraging me.

It is hard to have to come to the conclusions that I had, but numbers do speak for themselves. I feel sorry for my fellow Chinese if this proves to be accounting fraud. I hope innocent investors get less hurt with this article.

Is Lihua International Cooking Its Books? Part II

Stockgod,

This article is meant to be brutal because this company has been brutal to the secondary market investors.

19 Negative Enterprise Value Stocks for 2010

It is INCORRECT at least for the case of FMCN.

My calculation shows Market Cap 2.13 Billion, Zero Debt and excess cash 400 million.

The enterprise value is about 1.7 Billion, positive.

Bill Miller's Spectacular 2009 Comeback

If you read about Warren Buffett, the true value investor by any measures, you will find out that he told his investors every year before 1969 that he was going to outperform in bear years but may underperform in bull years.

Bill Miller is the opposite. No, I don't think he is a value investor. He failed.

Motley Fool as Contrarian Signal

1. ODM is an irregular item; we have never heard this item before the last earning call.
2. Without ODM, the revenue is a miss
3. If without ODM, the revenue is a beat, then ODM is a nice-to-have and a positive item.
4. If revenue is a beat only with the addition of ODM, the ODM becomes a suspicious item, a made-up to make the revenue expectation.
5. To get a good picture of a firm, you have to remove the irregular item. When removing the irregular item, we find this company a miss quarter.

The above logic is proven by the price action following the earning report.


On Dec 29 06:06 PM Taymere wrote:

> Please explain why you consider rising ODM to be the "first cockroach?"
> I certainly hope to find a swarm of ODM deals at FUQI, ODM is higher
> margin than traditional wholesale. Furthermore ODM is less risky
> because it frees FUQI from some of the risk that gold and platinum
> prices might crater. If the buyer supplies the metal than FUQI has
> to stock less raw material and is less exposed if precious metal
> prices go south. I can't think of a single downside to ODM deals.
> If that's the "first cockroach" then let's spread honey all over
> the place and turn out the lights, hopefully more will come out of
> hiding.

In China, Copyrights Gaining Respect

Hi Tang,

Thanks for helping to reach a much bigger audience in China. Keep up your good work.

Chimin


On Dec 24 01:39 AM User 493074 wrote:

> Hello Chimin San,
> I already add the original link of your articl under the translation.
> I appologize for my omission. This kind of action will be prohibit
> and won't be happend again.Thx for reminding.
> TangXiaoyu