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Deja Vu  

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  • No holiday red cups for Chipotle [View news story]
    when you serve real food, you can do what you want. when you serve fries made from powdered and extruded potato paste, you better start promoting.

    Chipotle serves real food. It can't be compared to Wendy's & Mcdonalds

    I bought a 1000 shares on the day it opened for trading at $44ish and sold it at about 60ish months later...when the weather is cold and a wind is blowing I can still feel the pain...
    Nov 19, 2014. 09:26 AM | 1 Like Like |Link to Comment
  • Eye-popping pay at Pimco [View news story]
    Most people have no choice to be in PIMCO funds. Its a decision taken by their employer/IRA plan/pension fund manager.
    Nov 14, 2014. 04:07 PM | Likes Like |Link to Comment
  • Eye-popping pay at Pimco [View news story] that man is managing 290 million at JNS...
    Nov 14, 2014. 09:25 AM | Likes Like |Link to Comment
  • Twitter -6%; S&P assigns junk rating, analyst day reactions arrive [View news story]
    Costolo spouted pure gibberish and analysts lapped it up and spewed it out. Twitter seems to lack even minimum spam protection...instead of fixing the endless spam, he spouts gibberish....
    Nov 13, 2014. 04:25 PM | 1 Like Like |Link to Comment
  • Is Alibaba Worth $300 Billion? [View article]

    I reproduce from the prospectus

    The audit report included in this prospectus is prepared by auditors who are not inspected fully by the Public Company Accounting Oversight Board and, as such, you are deprived of the benefits of such inspection.

    As an auditor of companies that are publicly traded in the United States and a firm registered with the Public Company Accounting Oversight Board, or PCAOB, PricewaterhouseCoopers is required under the laws of the United States to undergo regular inspections by the PCAOB. However, because we have substantial operations within the People’s Republic of China, a jurisdiction where the PCAOB is currently unable to conduct inspections without the approval of the Chinese government authorities, our auditor and its audit work is not currently inspected fully by the PCAOB.

    Inspections of other auditors conducted by the PCAOB outside of China have at times identified deficiencies in those auditors’ audit procedures and quality control procedures, which may be addressed as part of the inspection process to improve future audit quality. The lack of PCAOB inspections of audit work undertaken in China prevents the PCAOB from regularly evaluating our auditor’s audits and its quality control procedures. As a result, shareholders may be deprived of the benefits of PCAOB inspections, and may lose confidence in our reported financial information and procedures and the quality of our financial statements
    Nov 13, 2014. 02:30 PM | Likes Like |Link to Comment
  • Is Alibaba Worth $300 Billion? [View article]
    "However, with PricewaterhouseCoopers (NYSEARCA:PWC) as the accounting firm, there is a very low likelihood of financial manipulation for Alibaba."

    Can you say that with a straight face? ENRON (yeah pWC was there along with Arthur Andersen), AIG, Satyam Computer, LIBOR rigging, Tyco, Tesco, Colonial Bank, Hertz, backdating options at Andreesen Horowitz, MFGlobal, Bear Stearns, Barclays, Olympus, ....

    I could go on and on and on and's like a never ending hit parade...

    To pump chinese stock to SA readers on the basis of a big 4 audit frankly ranks as really bad advice.

    Here's my advice. Stay away from BABA. You'll never know when WS will stop pumping the stock, leaving you holding the baby. Already, Jack Ma has listed the company once and then taken it back private again in HK (at the "IPO" price, pocketing the profit in between listing and going private again). A fact left out by the author of this article.

    And then he tried to seperate Alipay from Alibaba claiming he alone owned it, when caught, he gave a token payment to Yahoo, robbing Yahoo blind in the process, in my opinion. Another little story left out by the author.

    I would not be surprised after all the Alibaba partners unload their shares in a year or so, for the Chinese government to make noises regarding the legality of the Cayman Islands VIE, making the shares tank and for Alibaba to become a private entity again. Again author left out any mention of the dubious legality of the VIE.

    Perhaps, the author should spend some time researching Jack Ma if he hasn't. If he has, it was remiss not to share some examples of Jack Ma's treatment of his investors.
    Nov 13, 2014. 02:14 PM | 4 Likes Like |Link to Comment
  • Boeing Is A Dividend Investment Trading At A Discount [View article]
    Been flying on mideast airlines like emirates. Hard not to feel lonely in the empty planes....huge risk for BA to accept orders from mid east state backed airlines, when the mid east states have a history of huge capital misallocations in insane business ventures
    Nov 13, 2014. 12:37 PM | Likes Like |Link to Comment
  • Yahoo acquiring BrightRoll for $640M in cash [View news story]
    Marissa seems to be a dire straits fan...strains of "money for nothing" drifting out of her office cum nursery...
    Nov 11, 2014. 10:59 PM | Likes Like |Link to Comment
  • Reuters: Apple stepping up efforts to win over enterprises [View news story]
    I don't hold high hopes for Windows 10. Early indications are its going to be a cosmetic remake of 8. Most of yes men haven't been kicked out and it would be too much of a loss of face to undo the harm done in Windows 8
    Nov 11, 2014. 03:32 PM | 1 Like Like |Link to Comment
  • Reuters: Apple stepping up efforts to win over enterprises [View news story]
    Ballmer, ex-Microsoft, was probably a secret Apple employee. What else could explain Windows 8?

    If Windows 8 doesn't make enterprises replace Windows with Macs, nothing will. Apple must have marveled when Windows 8 was unveiled. Anybody with a thimble of brains could see that enterprise was going to run as far away from Windows 8 as possible.

    Remember Bill Gates was still at Microsoft as chairman of the board .. the bubble of yes men not daring to tell the truth about Windows 8 to Gates and Ballmer must have been very strong...

    If I were Apple, I would use Windows 8 as the battering ram to open the Windows citadel that is enterprise.
    Nov 11, 2014. 03:00 PM | 3 Likes Like |Link to Comment
  • Google signs 60-year lease on NASA airfield [View news story]
    Sweet heart deal so that google execs can land in the heart of Silicon Valley. Landing right at that airfield could have been sold for billions/year. Google, spreading some soft doubt the decision makers at NASA who approved this will retire and then be hired by Google at fat salaries.

    The difference between the US and African/Asian countries is one of trust. In African/Asian countries, you have to pay the bribe before the favor, in the US, bureaucrats have trust in you. You can pay the bribe later by hiring them as "consultants", or giving them "book advances", or endowing university fellowships or chairs, or by simply hiring them.

    The reason this is important for SA readers is this - pay attention to the actions of the execs at the companies you invest in. Behaviors don't change. What they do one sphere of life often is done in others.
    Nov 11, 2014. 07:51 AM | 2 Likes Like |Link to Comment
  • Report: Uber planning another massive funding round [View news story]
    Uber is the one of the few companies genuinely disrupting incumbents. Plus, they generate cash...also they pass the "toothbrush" test... wonder if they are available on second market....should have looked earlier...
    Nov 9, 2014. 09:37 PM | Likes Like |Link to Comment
  • Snapchat close to deal at $10-$12B valuation [View news story]
    Valuations mean nothing if the sum invested is $10 million by the Sand Hill crowd. Yeah, I can give a buck to a start up too for a one billionth equity stake and it would be "valued" at $1B.
    Nov 9, 2014. 09:34 PM | 1 Like Like |Link to Comment
  • Can Apple Sustain Advancements In Future iPhone Generations? [View article]
    "Maybe Apple can develop some sort of sensor that induces noise cancellation from ambient sound when talking on the iPhone."

    Already found on the Galaxy Note 3 which has 3 microphones to do just that. iOS7 up offer this feature, thoug I'm not sure of Apple's hardware implementation and don't care enough to find out.

    "Maybe Apple can create a sensor that monitors speed, which would make the device more responsive to your needs while you're in a car, at your desk or jogging."

    Those are an accelerometer and GPS chip and in found in every phone.

    Are you serious? If you know so little about hardware, why are you writing articles on advancements in future phone hardware.
    Nov 8, 2014. 11:04 PM | 6 Likes Like |Link to Comment
  • Pouring A Little Cold Water On Apple Investors [View article]
    Nice article. Bulls usually ake couple quarters results and extrapolate in a straight line to infinity.

    Very few articles on SA focus on strategic/qualitative aspects.

    I agree with all your points.

    A few more - carrier subsidies are morphing into payment plans where you clearly see the cost of devices. Previously you paid the same price whether you bought a iPhone or a cheap phone.

    Now with the payment plan, esp. for a family of 4, the cost of the phone is going to be an issue in the US, just like it is in most other parts of the world.

    That's going to hurt the higher end offerings from all phone makers, given the average high end phone costs about $150-200 to make. There's plenty of price cutting players like Xiaomi can do to hurt incumbents like Apple and Samsung.

    The installment plans on the phone for a family of 4 can easily equal the monthly plan cost.

    I'm pretty sure my Note 3 is the last "subsidized" (implicit payment plan) phone I buy. The next one will be either outright purchase or on a explicit payment plan so I'll choose a cheaper, equally capable phone.

    I think the love for the iPhone will come down when the average Joe sees the actual difference in the monthly bill. IMO carriers should have unbundled the costs a long time ago rather than charging the same subsidized post paid plan price regardless of whether one bought a iPhone or a cheap nokia flip phone.
    Nov 6, 2014. 08:02 AM | 2 Likes Like |Link to Comment