Comments on Dave Davidson's articles RSS Syndication from SeekingAlpha.com http://seekingalpha.com/author/dave-davidson/articles http://seekingalpha.com/article/67421-why-microsoft-should-drop-the-yahoo-bid-and-buy-valueclick?source=feed#comment-555429 555429 Sat, 20 Jun 2009 14:23:52 -0400 http://seekingalpha.com/article/92163-focus-media-will-massive-accounts-receivable-lead-to-a-future-write-down?source=feed#comment-238052 238052 Sun, 24 Aug 2008 22:05:16 -0400
If FMCN's clientele are skewed heavily toward the domestic side, average AR aging will be considerably longer than peer companies whose customers are primarily MNCs. That is not something they're likely to be talking about, so it would be a good question for their next conference call.]]> http://seekingalpha.com/article/92163-focus-media-will-massive-accounts-receivable-lead-to-a-future-write-down?source=feed#comment-236661 236661 Fri, 22 Aug 2008 13:35:22 -0400 Q1/08 158%
Q4/07 114%
Q3/07 111%
Q2/07 110%
Q1/07 162%

As glassbox said you should be comparing Q to Q. I think its something to definitely keep an eye on but no immediate need to panic based on comparison to peers.
]]> http://seekingalpha.com/article/92163-focus-media-will-massive-accounts-receivable-lead-to-a-future-write-down?source=feed#comment-236597 236597 Fri, 22 Aug 2008 12:38:38 -0400
Focus is still in the process of integretating the CGEN acquisition, which is party responsible for the high A/R. They said there would be a "significant reduction" of the A/R this quarter. I believe there will be a lot of improvement in this area next quarter because it seems like management is hitting on all cylinders.

We will wait and see. ]]> http://seekingalpha.com/article/92163-focus-media-will-massive-accounts-receivable-lead-to-a-future-write-down?source=feed#comment-236546 236546 Fri, 22 Aug 2008 11:50:26 -0400 http://seekingalpha.com/article/89667-china-digital-tv-issues-guidance-disaster?source=feed#comment-226644 226644 Sat, 09 Aug 2008 05:38:59 -0400 http://seekingalpha.com/article/89667-china-digital-tv-issues-guidance-disaster?source=feed#comment-226616 226616 Sat, 09 Aug 2008 00:54:49 -0400
After couple of months, we can tell its stock can't be categorized "Growth". In this market, you can't find a growth stock with PE of 10s. See, that of BIDU and FSLR is around 100. VMW was recently penalized due to the competition which hurts its growing prospect, so its PE has dropped to 40s and may keep dropping. The future of STV depends on if it can be defined as growing company or not.

I used to trust its management team as it contains a group of talents, but not any more:

Almost all of C-Level executives are Tsinghua graduates and their entire career has been with this same company (or its parent). Obiviously there is no diversification and out-of-box thinking. They probably are proud of that Mason Xu - their "kid" CFO can represent a model of "diversified experience" and "International Exporsure". Dipping into his brief Bio, you can tell this is not the case.

Mason (Legal name probably is still Liang as he may not spend 100 bucks in US court to have the name changed) is a Tsinghua graduate, working as head of sales with this college-based company after graduation, definitely no diversification and out-of-box thinking then. His golden credential is MBA from HBS without any US working experience. He probably doesn't know much about NCAA and Rose Bowl, may surprise Big-10 has 11 teams. I believe many of his former co-workers in Intel China who haven't had chance to study in US must understand Chinese market much better than he does. What doe one year venture capitalist role in China mean? I don't see much value there.

I bet STV needs a CFO with more corporate financial management experience and creativities. Unless, this company will be acquired by any of media conglomerate of which Mason's type of CFO can utilize his connection through HBS alum to secure a better deal.]]> http://seekingalpha.com/article/89667-china-digital-tv-issues-guidance-disaster?source=feed#comment-226598 226598 Fri, 08 Aug 2008 23:26:58 -0400 http://seekingalpha.com/article/89667-china-digital-tv-issues-guidance-disaster?source=feed#comment-225479 225479 Thu, 07 Aug 2008 16:47:31 -0400 http://seekingalpha.com/article/89667-china-digital-tv-issues-guidance-disaster?source=feed#comment-225357 225357 Thu, 07 Aug 2008 14:37:43 -0400
jegan ;-) ]]> http://seekingalpha.com/article/89667-china-digital-tv-issues-guidance-disaster?source=feed#comment-225200 225200 Thu, 07 Aug 2008 12:13:39 -0400 http://seekingalpha.com/article/89667-china-digital-tv-issues-guidance-disaster?source=feed#comment-224904 224904 Thu, 07 Aug 2008 09:32:15 -0400 http://seekingalpha.com/article/89667-china-digital-tv-issues-guidance-disaster?source=feed#comment-224782 224782 Thu, 07 Aug 2008 08:09:03 -0400 http://seekingalpha.com/article/89667-china-digital-tv-issues-guidance-disaster?source=feed#comment-224756 224756 Thu, 07 Aug 2008 07:47:06 -0400
You are long STV ? ]]> http://seekingalpha.com/article/84766-senator-schumer-s-careless-remarks-result-in-indymac-s-early-demise?source=feed#comment-205550 205550 Mon, 14 Jul 2008 19:36:56 -0400 http://seekingalpha.com/article/84766-senator-schumer-s-careless-remarks-result-in-indymac-s-early-demise?source=feed#comment-205514 205514 Mon, 14 Jul 2008 18:06:52 -0400
jegan ;-) ]]> http://seekingalpha.com/article/84766-senator-schumer-s-careless-remarks-result-in-indymac-s-early-demise?source=feed#comment-205498 205498 Mon, 14 Jul 2008 17:40:27 -0400 http://seekingalpha.com/article/84766-senator-schumer-s-careless-remarks-result-in-indymac-s-early-demise?source=feed#comment-205198 205198 Mon, 14 Jul 2008 11:34:16 -0400 http://seekingalpha.com/article/84766-senator-schumer-s-careless-remarks-result-in-indymac-s-early-demise?source=feed#comment-205120 205120 Mon, 14 Jul 2008 10:36:13 -0400 http://seekingalpha.com/article/84766-senator-schumer-s-careless-remarks-result-in-indymac-s-early-demise?source=feed#comment-205029 205029 Mon, 14 Jul 2008 09:17:27 -0400 http://seekingalpha.com/article/84766-senator-schumer-s-careless-remarks-result-in-indymac-s-early-demise?source=feed#comment-204765 204765 Sun, 13 Jul 2008 22:51:42 -0400 http://seekingalpha.com/article/84766-senator-schumer-s-careless-remarks-result-in-indymac-s-early-demise?source=feed#comment-204707 204707 Sun, 13 Jul 2008 20:49:50 -0400 ]]> http://seekingalpha.com/article/84766-senator-schumer-s-careless-remarks-result-in-indymac-s-early-demise?source=feed#comment-204653 204653 Sun, 13 Jul 2008 18:33:03 -0400

]]> http://seekingalpha.com/article/84766-senator-schumer-s-careless-remarks-result-in-indymac-s-early-demise?source=feed#comment-204597 204597 Sun, 13 Jul 2008 17:03:45 -0400 banking, it deserved a better funeral than the one
hastened by Sen. Schumer.
I know the good Senator and I am (somewhat) familiar
with IndyMac's operation.
Absent the "push" afforded by Sen. Schumer
IndyMac would not have failed on Friday.
The senator's actions cost me and every other taxpayer
unnecessary expense.
I only wish it was a Federal crime to incite a run on a federally-chartered bank. It is not.
My message to Sen. Schumer: Knock it off before somebody
REALLY gets hurt. You, of all people, should know better.
]]> http://seekingalpha.com/article/84766-senator-schumer-s-careless-remarks-result-in-indymac-s-early-demise?source=feed#comment-204592 204592 Sun, 13 Jul 2008 16:58:49 -0400
As for Schumer, 99% of US voters didn't have a say about him getting into office, but now 100% of us suffer from his partisan politics. ]]> http://seekingalpha.com/article/84766-senator-schumer-s-careless-remarks-result-in-indymac-s-early-demise?source=feed#comment-204570 204570 Sun, 13 Jul 2008 16:28:31 -0400 http://seekingalpha.com/article/84766-senator-schumer-s-careless-remarks-result-in-indymac-s-early-demise?source=feed#comment-204553 204553 Sun, 13 Jul 2008 16:07:12 -0400 http://seekingalpha.com/article/82344-focus-media-short-squeeze-developing?source=feed#comment-202650 202650 It is fascinating that the short interest is so big. The analysts > have been bullish all the way down from the peak. This is a huge > short interest, and somebody clearly thinks they know something that > the street doesn't know. If there is a time bomb ticking here, it > is the Dec 2007 under the radar screen announcement that China would > require licenses to operate these outdoor media networks. At the > same time, nobody knows how to apply for these licenses. I am not > aware, though honestly I havent checked, whether Focus has the onshore/offshore > holding structure that can at least accomdodate issuance of a license > to a PRC entity. > > I would guess that well informed parties lie behind such a huge short > interest, because the street clearly isn't looking at the headline > numbers on this stock. Somebody is clearly betting big that this > time bomb is indeed going to explode.]]> Thu, 10 Jul 2008 21:09:43 -0400
Punter, you are right in asking who these 'well informed' parties could be - I think anyone who is trading this stock should have a right to have access to that information.

FSA recently required disclosure of those holding short positions with the view to find out who had deliberately depressed stock prices in the event of a rights issues. I think to be fair to every one out there - this inbalance must be corrected.



On Jul 02 11:38 AM Punter wrote:

> It is fascinating that the short interest is so big. The analysts
> have been bullish all the way down from the peak. This is a huge
> short interest, and somebody clearly thinks they know something that
> the street doesn't know. If there is a time bomb ticking here, it
> is the Dec 2007 under the radar screen announcement that China would
> require licenses to operate these outdoor media networks. At the
> same time, nobody knows how to apply for these licenses. I am not
> aware, though honestly I havent checked, whether Focus has the onshore/offshore
> holding structure that can at least accomdodate issuance of a license
> to a PRC entity.
>
> I would guess that well informed parties lie behind such a huge short
> interest, because the street clearly isn't looking at the headline
> numbers on this stock. Somebody is clearly betting big that this
> time bomb is indeed going to explode.]]> http://seekingalpha.com/article/82804-sirius-xm-combination-a-future-microsoft-acquisition?source=feed#comment-202523 202523 Thu, 10 Jul 2008 16:29:58 -0400 glta]]> http://seekingalpha.com/article/82344-focus-media-short-squeeze-developing?source=feed#comment-202290 202290 Thu, 10 Jul 2008 12:09:41 -0400