Seeking Alpha

Ian Bezek

 
View as an RSS Feed
View Ian Bezek's Comments BY TICKER:
Latest  |  Highest rated
  • North Atlantic Drilling: Buying Where There's Blood [View article]
    Stock at this level has already priced in a dividend cut.
    Nov 24, 2014. 03:26 PM | 1 Like Like |Link to Comment
  • IPO Preview: Peak Resorts [View article]
    The profitability metrics change dramatically when you consider that $8 million or so of debt service goes away thanks to the IPO. On a company doing $100m a year of revenue, that's HUGE. Now we get a massive dividend instead of that debt service. At $8.50, this is a great deal.
    Nov 23, 2014. 08:16 PM | Likes Like |Link to Comment
  • Investors Should Stay Inside For Peak Resorts' IPO [View article]
    Peak produces $25 million of adj. EBITDA and $15 million of income after CAPEX. For a $130 million market cap, not at all excessive. Not sure why you are concerned about the "losses". The IPO wipes out a huge chunk of the interest expense, instead of paying interest, that cash will now fund a dividend that approaches 8% as the shares keep falling post-IPO.

    SKIS is a compelling buy here, and going to be stupidly cheap if it falls any more.
    Nov 23, 2014. 08:13 PM | Likes Like |Link to Comment
  • North Atlantic Drilling: Buying Where There's Blood [View article]
    I was referring to short-term obligations as opposed to long-term ones as they are listed on the balance sheet (current and non-current). The way the stock was trading Wednesday, it appeared the market was pricing in imminent bankruptcy fears, which a look at the balance sheet shows are unfounded in my opinion.
    Nov 21, 2014. 09:15 AM | 4 Likes Like |Link to Comment
  • North Atlantic Drilling: Buying Where There's Blood [View article]
    I doubt this was the cause of the stock decline, but it is interesting. The debt situation is worrisome indeed, however even with earnings 10% below expectations should that happen, the company still has plenty of solvency to hang on and fight for at least awhile.
    Nov 21, 2014. 09:12 AM | 1 Like Like |Link to Comment
  • Coca-Cola May Not Be As Conservative As You Think [View article]
    Just adding to the consensus that this article was terrible. Worse than useless.
    Nov 18, 2014. 03:24 PM | Likes Like |Link to Comment
  • Lakes Entertainment: There's Hidden Value And Optionality [View article]
    I'm sorry to hear that. I hope you're feeling better soon.
    Nov 14, 2014. 03:43 PM | Likes Like |Link to Comment
  • You On Demand: Unproven Business Model, Scant Revenues, 70% Downside [View article]
    Thanks Scot1and for the comment.
    Nov 11, 2014. 04:19 PM | 1 Like Like |Link to Comment
  • You On Demand: Unproven Business Model, Scant Revenues, 70% Downside [View article]
    I have a long position in XNET and a short position in YOD. My disclosure is simply that, it is not advice to buy or sell any securities. What you do with that information is up to you.

    Regarding Xiaomi, it is a fact that Xiaomi purchased 41% of Xunlei, primarily for access to KanKan it's VOD play, whereas Xiaomi has not directly invested in or done anything specifically with YOD. If you want to be partnered with Xiaomi, the clear play is to be long Xunlei.
    Nov 11, 2014. 10:16 AM | Likes Like |Link to Comment
  • Lakes Entertainment: There's Hidden Value And Optionality [View article]
    Is this a value here after the selloff Friday?
    Nov 8, 2014. 09:27 AM | Likes Like |Link to Comment
  • Xunlei: China's Nascent Amazon.com Is A Steal [View article]
    The argument is that the Xiaomi partnership leads to large upside in revenues in the near future. I wouldn't be long it just for the balance sheet. The $7/share of cash is insurance, not a catalyst for a long position.
    Oct 27, 2014. 02:49 PM | Likes Like |Link to Comment
  • Cheetah Mobile: Back On The Prowl [View article]
    Last earnings was August 19, I expect it to be 3 months after, so November 19th plus or minus a couple days. They usually announce the exact date a few days before the earnings release.
    Oct 22, 2014. 06:12 PM | Likes Like |Link to Comment
  • How To Trade Volatility When The Roof Caves In [View article]
    18% annual profit to strategy in an ideal market (aka endless bull) and you pay 14% of that in UVXY borrow fee. Considering that you get poleaxed in 2011 or any other bearish market condition, and you only get 4% alpha if the bull move continues, I will pass.
    Oct 20, 2014. 05:40 PM | 3 Likes Like |Link to Comment
  • Buying ZIV: A Better Option Than Shorting VXX [View article]
    In a 2008 market environment, ZIV fares extremely poorly. And in a 2011 style selloff, you aren't going to make any money for quite awhile, although you'll lose far less than you would with XIV.
    Oct 20, 2014. 04:43 PM | 1 Like Like |Link to Comment
  • Buying ZIV: A Better Option Than Shorting VXX [View article]
    I addressed short VXX instead of long XIV in the article because I was writing this in response to another article that suggested to short VXX. In practical terms, short VXX and long XIV yield similar results, short VXX is generally a bit better as XIV suffers from the volatilty of vol decay that MichelleConnor refers to above. That said, they are basically the same trade, as such, I prefer long ZIV to long XIV in this market as well.
    Oct 20, 2014. 10:58 AM | 1 Like Like |Link to Comment
COMMENTS STATS
1,194 Comments
1,003 Likes