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Ian Bezek

 
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  • Why Xunlei May Begin To Sprint Like A Cheetah
    Thu, Sep. 4 XNET 11 Comments

    Summary

    • Cheetah Mobile doubled since IPO, Xunlei is an extremely similar company whose stock hasn't yet popped.
    • Cheetah and Xunlei share same backers including the Chinese Steve Jobs; smartphone billionaire Lei Jun.
    • Xunlei will trade to $20/share should it follow Cheetah's footsteps.
    • Xunlei should also trade above $20/share based on valuation with comparable Chinese internet companies.
    • $7/share of cash; Xunlei's investors are protected from significant downside.
  • Take Profits In Cheetah Mobile And Buy Its Twin, Xunlei
     • Thu, Aug. 28 CMCM 5 Comments

    Summary

    • I recommended Cheetah Mobile (CMCM) in June at $21, it has rallied 40% since then.
    • CMCM remains a compelling growth story, last quarter's earnings blew out estimates.
    • That said, valuation may be stretched and CMCM has become a battleground stock with short sellers.
    • I have taken profits on CMCM and reallocated much of my Chinese internet exposure to Xunlei (XNET).
    • XNET is a similar story with same backers as CMCM that has not yet rallied, making this a fortuitous entry point.
  • Cheetah Sprints Higher As Investors Discover The Next Qihoo 360
       • Wed, Jun. 18 CMCM 8 Comments

    Summary

    • Cheetah Mobile starting to surge as investors discover the new IPO, but stock still underfollowed and undervalued.
    • Cheetah is the next Qihoo 360, it operates in the same business and its CEO and CTOs were key players at Qihoo.
    • Qihoo 360 shares quadrupled in the last two years. Cheetah exhibits similar revenue growth and other business metrics to Qihoo.
    • Cheetah is profitable, 90-100% revenue growth next two years, forward PE of 25, and a PEG ratio of just 0.5 -- a compelling opportunity.
    • Och-Ziff Capital Management's announcement after-close Monday of 5.2% stake in Cheetah provides new catalyst for further upside.
  • Rio Alto: Potential Double, Limited Downside
       • Thu, Apr. 10 RIOM 40 Comments

    Summary

    • Market has failed to account for excellent resource update in February.
    • This resource update gives RIOM the financial flexibility to build Phase II of the La Arena mine without diluting shareholders.
    • Phase II feasibility study results this summer offers catalyst for sudden repricing of stock higher.
    • The market currently values Phase II at nearly zero. As such, Phase II is a nearly free call option on 4 billion pounds of copper/4 million ounces of gold.
    • Existing operations are worth roughly $2/share, limiting downside even if Phase II doesn't work out.
  • Rio Alto Washes Out; Now A Compelling Bargain At 6x P/E
       • Apr. 24, 2013 RIOM 2 Comments
  • Down 83% In 6 Months: Jaguar Mining Is Finally A Buy
    Editors' Pick • May. 9, 2012 JAGGF 58 Comments
  • Republic's Shares Flying Too High On Frontier Sale
    Feb. 8, 2012 RJET 12 Comments
  • Le Gaga: Either The World's Most Efficient Farmers Or A Great Short
    Nov. 16, 2011 GAGA 48 Comments
  • Swisher Hygiene's Recent Rally May Quickly Drain Away
    Oct. 24, 2011 SWSH 22 Comments
  • Orsus Xelent: Don't Be Fooled By 'Momentum'
    Oct. 24, 2011 ORSX 3 Comments
  • Alleged Fraud At Chaoda; Is Closely-Connected Le Gaga Rotten Too?
    Oct. 11, 2011 GAGA, CMGHF, CHBT 2 Comments
  • Armour Residential A Short-Term Buy Following Ticker Symbol Confusion
    Oct. 5, 2011 ARR 8 Comments
  • Liquidity Services: Shares Vulnerable After Massive Rally
    Sep. 29, 2011 LQDT 4 Comments
  • 5 Stocks At 52-Week Lows That Will Keep Struggling
    Sep. 20, 2011 ZGNX, WWON, RST 6 Comments
  • Texas Instruments Loses Luster For Growth Investors
    Sep. 15, 2011 TXN 3 Comments
  • Lihua International Investors: Do You Believe In Miracles?
    Sep. 14, 2011 LIWA 128 Comments
  • Rough Day For Coffee Holding; Should Green Mountain Investors Worry?
    Aug. 31, 2011 JVA, GMCR, CBOU 8 Comments
  • Coffee's Latest Rally May Leave Investors Jolted
    Aug. 31, 2011 GMCR, JVA, SBUX 13 Comments
  • Sell The Pop - Bank Of America's Deal Reeks Of Desperation
    Aug. 25, 2011 BAC 87 Comments
  • TVIX: Look For This Bearish Hedge To Keep Outperforming
    Aug. 25, 2011 TVIX 13 Comments
  • Lihua International: Can We Trust the Larry Isen Commissioned China 360 Report?
    Aug. 19, 2011 LIWA 20 Comments
  • Research In Motion: A Buy in the Wake of Google's Motorola Bid
    Aug. 16, 2011 BBRY 10 Comments
  • RETRACTION: Great Panther Shares Likely to Continue Limping Lower
    Aug. 16, 2011 GPL 99 Comments
  • Dendreon's Plunge: No Short-Selling Conspiracy After All
    Aug. 11, 2011 DNDN 43 Comments
  • Allied Irish Tumbles on Delisting Announcement, Remains a Sell
    Aug. 4, 2011 AIBYY 14 Comments
  • Examworks a Buy Following Wednesday's Massacre
    Aug. 4, 2011 EXAM 4 Comments
  • Why Sirius's Earnings Are Less Impressive Than You Think
    Aug. 2, 2011 SIRI 54 Comments
  • 14 Compelling Shorts for a New Bear Market (Part 3)
    Aug. 2, 2011 CPST, SPF, BZH Comment!
  • 14 Compelling Shorts for a New Bear Market (Part 2)
    Aug. 2, 2011 SHZ, VIEW, SIRI 13 Comments
  • 14 Compelling Shorts for a New Bear Market (Part 1)
    Aug. 2, 2011 BAC, ACOM 12 Comments
  • Netflix Heading for $320/Share Despite Already Being Overvalued
    Jul. 28, 2011 NFLX 31 Comments
  • Domino's Pizza: Don't Get Burned
    Jul. 27, 2011 DPZ 3 Comments