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Ian Bezek

 
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  • 21Vianet Q2 2014: The Never-Ending Strength [View article]
    Long this and short CMCM. Westend's got the magic touch.
    Sep 10 01:37 PM | 1 Like Like |Link to Comment
  • Why Xunlei May Begin To Sprint Like A Cheetah [View article]
    Regarding #2, you seem to be a believer in the efficient markets hypothesis. I am not.

    If I thought the market was widely aware of the information I presented in this article, there would have been little point in writing it, no?
    Sep 5 07:59 AM | Likes Like |Link to Comment
  • Why Xunlei May Begin To Sprint Like A Cheetah [View article]
    No one has a crystal ball, and the company's business model is changing as we speak, so it'd be foolish of me to claim I knew what was going to happen here with unshakeable certainty.

    We can only make an educated guess as to what may come which is what I've sought to do with this article. With $7/share cash, there's not so much at risk to XNET even should the Xiaomi partnership bear no fruit.
    Sep 4 03:19 PM | Likes Like |Link to Comment
  • Why Xunlei May Begin To Sprint Like A Cheetah [View article]
    http://bit.ly/1qhoqTU
    Sep 4 03:15 PM | Likes Like |Link to Comment
  • Update: Rio Alto Mining's Q2 Earnings [View article]
    La Arena has had (on paper) 5 years or so of gold left ever since it opened, a fact that Mr. Kramer-Miller seems willfully ignorant of. Ever since Ben started saying RIOM was overvalued (when it was trading 50% lower than here), he's claimed without merit that RIOM is on the verge of running out of gold. I try and try to correct his mis-understanding, but without avail.

    Of course, every year, RIOM finds another year's worth of deposits at La Arena, aka, don't believe the resource estimate cause the company never bothered to drill the whole thing before opening (save money you know) but there's plenty more gold.
    Aug 29 05:02 PM | 1 Like Like |Link to Comment
  • Take Profits In Cheetah Mobile And Buy Its Twin, Xunlei [View article]
    Xunlei hasn't had a central business model, hence its soft IPO and meager valuation, hardly more than 1x sales (ex-cash) for a profitable business with nearly half a billion cash on the balance sheet.

    That has changed now, however, with the Xiaomi investment. Now XNET is 41% owned by Xiaomi, and gets to send its video service and content distribution straight to 60 million smartphones + millions of SmartTVs a year. Sure lots of companies have a content ecosystem, but not many are effectively subsidiaries of the world's fastest growing smartphone maker.

    The Xiaomi distribution angle obviously massively revitalizes the video service since they can now distribute built-in on all the Xiaomi phones and SmartTVs.

    More to come on all of this in my future articles on the company. Thanks for the comment, always nice to hear a perspective from someone on the opposing side of the trade.
    Aug 29 04:38 PM | Likes Like |Link to Comment
  • Victoria Gold Has Compelling Upside Potential [View article]
    Yep, and yet the original author keeps panning RIOM, one of the few legit well-run and profitable miners out there, and wants us to buy moose pasture in the Yukon instead.
    Aug 26 09:26 PM | Likes Like |Link to Comment
  • Update: Tejon Ranch Earnings [View article]
    I think you meant millions instead of billions for the revs numbers
    Aug 26 04:03 PM | Likes Like |Link to Comment
  • Cheetah Mobile Q2 2014: Rationalization Kicking In [View article]
    I take it this is the de-rationalization period then when the stock makes new highs despite the allegedly bad (based on your made up metric) earnings?
    Aug 26 03:02 PM | Likes Like |Link to Comment
  • Star Scientific: The Timeline, What We Know, And Beyond [View article]
    Didn't see the stock going down to 30 cents listed as part of your timeline. Did I miss something?
    Aug 25 11:17 PM | Likes Like |Link to Comment
  • Is The Price Of Golden Minerals Ready For Another Leg Up? [View article]
    $1.07. Which means it's still $1.07 away from its fair value.
    Aug 25 11:11 PM | Likes Like |Link to Comment
  • Sungy Mobile Q2 '14 Earnings Preview: GOMO A No-Go [View article]
    Funny you should mention XNET, which has the exact same enterprise value as GOMO and yet whose business is multiples better than GOMO's.
    Aug 25 11:01 PM | Likes Like |Link to Comment
  • Xinyuan Real Estate: Brooklyn Is Hot, China Is Not [View article]
    LEJU worked fine for me as a Chinese RE investment. It isn't a sector wide problem.

    This company is no LEJU though.
    Aug 24 10:13 PM | Likes Like |Link to Comment
  • Allied Nevada Gold Corp: The Wrong Gold Play [View article]
    At this point, it is indeed down 90%. From $3, it has two options. If gold sticks around $1300 or so, ANV will fail to meet its debtload and go bankrupt. If gold rallies sharply, ANV will survive, and the stock will function as a call option on gold. A return to the double digits wouldn't be out of the question if gold can retake $1,500oz sooner than later.

    I prefer to invest in gold stocks that will make money even if gold doesn't rally (such as RIOM) or short ones that will lose money regardless of what gold does (SA, NG, PVM come to mind). At $3.50/ANV doesn't interest me either short or long.
    Aug 24 12:12 AM | Likes Like |Link to Comment
  • Cheetah Mobile Q2 2014: Rationalization Kicking In [View article]
    P.S. the stock is up 99% in the last 3 months. The "selloff" you speak of following earnings was more likely longs such as myself with massive gains in the name taking profits. Despite CMCM's better than anticipated business performance, it is unrealistic to expect the stock to go straight upwards without pauses and corrections. That said, your $16 price target is looking awfully far away nowadays.
    Aug 20 09:18 AM | 2 Likes Like |Link to Comment
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