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David Trainer  

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  • 3 Reasons Why Amazon's 'Cash Flow' Is A Trap [View article]
    Thanks Mitch! Too many investors only look at the income statement and ignore the balance sheet. You can't assess the cash flows of a business without looking at their assets and liabilities.
    Sep 19, 2014. 12:53 PM | 3 Likes Like |Link to Comment
  • 3 Reasons Why Amazon's 'Cash Flow' Is A Trap [View article]
    ahw5506:

    Whether Twitch works out depends on the long-term popularity of live video game streaming, which is hard to predict at this point. Either way, for ad profits to support Amazon's valuation it would have to make a much bigger push into what is already a crowded and competitive field.
    Sep 19, 2014. 11:32 AM | 4 Likes Like |Link to Comment
  • Best And Worst Utilities Sector ETFs, Mutual Funds And Key Holdings [View article]
    berloe: I don't currently cover closed end funds
    Sep 10, 2014. 12:30 PM | Likes Like |Link to Comment
  • Best And Worst Materials Sector ETFs, Mutual Funds And Key Holdings [View article]
    Vic,

    Very few analysts out there perform the due diligence in the footnotes required to adjust GAAP net income to NOPAT. If you're interested in learning more, we offer a 14-day free trial of our services that gives you access to our ratings and metrics on over 3,000 stocks and 7,000 ETFs and mutual funds.

    http://bit.ly/1lNytjs;jsessionid=CDB7B4A6B2...
    Sep 9, 2014. 09:33 AM | Likes Like |Link to Comment
  • Best And Worst Telecom Sector ETFs, Mutual Funds And Key Holdings [View article]
    WhitneyB: It's NOPAT will definitely decline significantly for the next year after it loses the contract, but I expect its remaining businesses to keep growing. In the article I link to, I show multiple DCF scenarios that account for the potential hit to NOPAT it would take if it loses the contract, and how there's still upside if that occurs.

    http://bit.ly/1lPPklD
    Sep 9, 2014. 09:30 AM | Likes Like |Link to Comment
  • Danger Zone: Glu Mobile [View article]
    santosh_ps:

    I actually started out researching GLUU to put in the Danger Zone (which I do every week), and it turned out to be a high enough conviction pick that I also shorted it. I didn't just write the article to promote my short, I actually entered my short position as a result of the research I did for this article.
    Sep 8, 2014. 05:44 PM | 2 Likes Like |Link to Comment
  • Why Footnotes Matter [View article]
    Thanks Hardog! We offer a 14-day trial of our services, so you can have the opportunity to view all our research and functionality.

    http://bit.ly/1lNytjs
    Sep 8, 2014. 12:31 PM | Likes Like |Link to Comment
  • Danger Zone: Glu Mobile [View article]
    wretchedturkey:

    You can see my DCF model that shows $2/share for GLUU here:

    http://bit.ly/1lNmTVg
    Sep 8, 2014. 11:07 AM | Likes Like |Link to Comment
  • Danger Zone: Glu Mobile [View article]
    Which numbers in particular do you want me to discuss?
    Sep 8, 2014. 10:50 AM | Likes Like |Link to Comment
  • Danger Zone: Glu Mobile [View article]
    SoundView Technology Group:

    Glu may be pursuing this strategy, but there's not a great deal of evidence out there that it's going to work. Even Dino Hunter hasn't been able to hit the same heights in terms of revenue and users as Deer Hunter.

    If Glu can build on the KK platform to release equally popular games, I might reconsider my position. However, I think it's highly unlikely that they'll manage to achieve repeatable success with that strategy.

    Points 1 and 3 factor into why I believe in point 2. Branding is less important in mobile gaming because the investment, in terms of both time and money, for the consumer is much lower than for a console game. Consumers are more willing to experiment with unfamiliar games, and the low barriers to entry mean there are countless developers out there to give them options.

    There hasn't been a mobile game developer yet that has managed to consistently put out a large number of popular, profitable games. Until someone does that, I remain skeptical that GLUU's strategy can work.
    Sep 8, 2014. 10:30 AM | 1 Like Like |Link to Comment
  • Why Footnotes Matter [View article]
    tallguyz:

    You'd be surprised at how many reports I see from those who are theoretically the "smart eyes" that make reference to unadjusted price to earnings ratios and other reported numbers without bothering to account for significant non-operating items in the footnotes.

    However, I agree with you that for most investors, reading the full 10-K can be more work than its worth. That's why at New Constructs we developed a patented program and research system that allows our team of analysts to read and analyze over 3,000 10-K's a year. http://bit.ly/1uDb4Ro

    Our goal is to make this level of diligence available to the average investor who doesn't have the time or resources of the so called "smart money".
    Sep 5, 2014. 01:02 PM | 2 Likes Like |Link to Comment
  • Consumer Staples Sector [View article]
    2MuchDebt:

    The reason the percentages for the mutual funds in figure 2 don't add up to 100% is that these funds often hold significant amounts of cash. Additionally, they sometimes hold a small percentage of stocks that I don't have ratings for, and so those don't show up in Figure 2 either.
    Sep 4, 2014. 10:12 AM | Likes Like |Link to Comment
  • Best And Worst Information Technology Sector ETFs, Mutual Funds, And Key Holdings [View article]
    RHMASSING:

    SWIR's positive earnings were on a non-GAAP basis. I don't put any stock in non-GAAP numbers, as they are generally a tool for companies to inflate their reported earnings. I also don''t give much weight to one or two quarters of data. SWIR has had a negative operating profit for the past three years. That's what I mean when I say it has no track record of recent profitability.
    Sep 4, 2014. 09:26 AM | Likes Like |Link to Comment
  • Consumer Staples Sector [View article]
    Hardog,

    XLP is consistently one of my highest ranked ETFs. Owns great companies, has low costs, and its holdings tend to be reasonably valued.
    Sep 2, 2014. 05:55 PM | Likes Like |Link to Comment
  • Best And Worst ETFs, Mutual Funds And Key Holdings: Consumer Discretionary Sector [View article]
    horowitzcpa:

    FDSTX still earns my Very Attractive rating. Its high fees are unfortunate, but it has great holdings.
    Aug 26, 2014. 10:38 AM | Likes Like |Link to Comment
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