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  • Tesla Motors sets in motion $1.6B convertible note offering [View news story]
    Wall St makes sure we never have current information, despite reform attempts. As of mid February it was a little over 30% of float, but that is almost certainly not an accurate representation. See my comment above.
    Feb 26 05:24 PM | Likes Like |Link to Comment
  • Tesla Motors sets in motion $1.6B convertible note offering [View news story]
    We don't know what the terms are. See my comment above.
    Feb 26 05:17 PM | Likes Like |Link to Comment
  • Tesla now +3.2% AH. Gigafactory aims to supply 500K vehicles. [View news story]
    I commented on it and linked to a more comprehensive summary here:
    Feb 26 05:14 PM | Likes Like |Link to Comment
  • Shifting Gears With Tesla: Lessons From A Short Squeeze [View article]
    Tesla has announced some details for their giga-factory, see here:

    and follow me for an upcoming article commenting on the terms of the convertibles and ways to profit from the factory (other than a position in TSLA).
    Feb 26 05:10 PM | Likes Like |Link to Comment
  • The Next MoMo Stock, Part 2: Printing Profits With ExOne [View article]
    Short float increased by another 16% in the first half of February, but the rebate rate has been rising recently.. Waiting for the patent office...
    Feb 26 05:05 PM | Likes Like |Link to Comment
  • Tesla Motors sets in motion $1.6B convertible note offering [View news story]
    Depending on what the terms turn out to be, this could be either a positive or negative. The last time around the convertibles wound up being priced so favorably that it was a huge boost for the stock, despite the dilution, and helped extend the short squeeze, as discussed here:

    If the conversion price is well above $250 and the interest rate is way low again, then lookout. Short data released just today shows some decline in short float as of mid February, but the low rebate rate indicates that this is probably not a representative number:

    Still analysts like Morgan Stanley are starting to catch with what I said there, that Tesla's business model probably goes way beyond cars.
    Feb 26 04:32 PM | 2 Likes Like |Link to Comment
  • Hey Mr. Bezos, Where Are We Headed? [View article]
    I think Bezos knows where he's headed, and it's not retail. You're right that few companies can realize the same margins internationally that they do domestically, but if "demographics is destiny" then I suspect that U.S. retail margins are going to slim as well.

    As I write here:

    I think Bezos knows the stiuation, he's just smart enough to see that there's little upside to disclosing challenges to the press.
    Feb 26 02:16 PM | 2 Likes Like |Link to Comment
  • Cablevision drives up per-customer revenue [View news story]
    The Dolans have been looking to sell for many years, while using the company as their family piggybank in the meantime. A sale is not going to happen any time soon. Wunderlich gives a pretty good summary

    but fails to mention how many capable execs jumped ship with Rutledge.
    Feb 26 10:45 AM | Likes Like |Link to Comment
  • Why InvenSense Is Worth The Premium [View article]
    Yes I did. There's actually quite a few developments form MWC that I may throw together in a new article.
    Feb 26 10:04 AM | Likes Like |Link to Comment
  • The Next MoMo Stock, Part 1: Understanding The Momentum Mechanism [View article]
    The low rebate rate doesn't directly help increase prices, it just enables income strategies on the short as well as long side thereby creating a feedback loop over time as these strategies expire and money is reinvested.
    Feb 25 12:50 PM | Likes Like |Link to Comment
  • 3-D Printing: No Barrier To Future Losses For Investors [View article]
    I completely agree with that additive manufacturing is not going to compete directly with CNC for the foreseeable future and wrote as much here:

    The two just have completely different applications. Additive manufacturing can't compete in terms of price point, but it can do other things that CNC can't, as detailed above.

    I can also agree with the dour view on DDD, which has been trying to buy its way into the industrial segment (and everything else, as you point out). It's not a good idea to just lump all these stocks together, though. They have very different technology and business models.
    Feb 25 12:02 PM | Likes Like |Link to Comment
  • Veeco: The Inflection Point Is Now [View article]
    VECO has already had a very nice run-up, which makes me cautious. I think the key in your article is the new ALD system that was sold. There's only one type of display that can be used for:
    Feb 25 10:04 AM | Likes Like |Link to Comment
  • Valuing Universal Display Corp. Earnings [View article]
    Continuing on the flexible display trend, Veeco has sold an "world leader in mobile OLED displays", which is certainly Samsung.

    The GS5 was announced yesterday. It continues the trend of larger AMOLED screen sizes, which is good to see. The earnings report on Thursday should be interesting. Check back here afterwards and follow me on Twitter (same name) in case of anything truly extraordinary.
    Feb 25 10:04 AM | Likes Like |Link to Comment
  • 4 Expensive Stocks To Avoid [View article]
    The article looks at the wrong metric for AMZN. I could agree with avoiding the stock, but it consistently trades at a mean PS ratio of 2 and is currently below that, as shown here:
    Feb 25 09:39 AM | Likes Like |Link to Comment
  • 3D Systems Is A Great Short And Here's Why [View article]
    And for every one of those we can think of dozens more where investors got hurt bad. I advised below against shorting, but that doesn't mean you should be long DDD either.
    Feb 25 09:29 AM | 2 Likes Like |Link to Comment