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Jacob Steinberg

 
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  • Short Tesla Motors: Valuation Is Unsustainable, Premium To Peers Is Unjustified [View article]
    If TSLA could achieve an operating margin of 25%, it would be worth $300-400 but that won't happen.
    Sep 25, 2013. 02:56 PM | 3 Likes Like |Link to Comment
  • What Will The New Nokia's Margins Look Like? [View article]
    Patent portfolio doesn't always make a billion dollars either. The run rate is around $600 million. Besides, i was being conservative in my estimates and I noted that the actual results are likely to be stronger.
    Sep 25, 2013. 12:17 PM | 2 Likes Like |Link to Comment
  • Tesla Motors: Adding $4.5 Billion To Valuation [View article]
    Sorry, I misread what you wrote.
    Sep 24, 2013. 06:03 PM | 2 Likes Like |Link to Comment
  • Analyzing The Logic Of Tesla Bears 2 - Valuing Tesla [View article]
    In the article, you say that: "The numbers I use below are not overly optimistic, nor are they pessimistic" but some of the numbers presented in the article are overly optimistic. For example, by the time (if ever) Tesla gets to selling 1 million cars, the market will not give it a P/E of 50. Most car companies get single digit P/Es because car industry is highly cyclical. Also, what's the probability that it will actually get that big? There are so many things that could go wrong between now and then. The high risk and volatility should be discounted from the stock price. Furthermore, the dilution will be much bigger than many Tesla bulls would like to think.
    Sep 24, 2013. 06:02 PM | Likes Like |Link to Comment
  • Tesla Motors: Adding $4.5 Billion To Valuation [View article]
    Disney cartoons could be a better fit.
    Sep 24, 2013. 04:50 PM | 1 Like Like |Link to Comment
  • Tesla Motors: Adding $4.5 Billion To Valuation [View article]
    So it's fair to value a company based on its earnings that's 10 years away but its unfair to value a company based on future dilution? If we are going to look at how much Tesla will earn in 10 years to value the company, it is perfectly normal to use its 10-year dilution projections.
    Sep 24, 2013. 04:47 PM | 3 Likes Like |Link to Comment
  • Tesla Motors: Adding $4.5 Billion To Valuation [View article]
    Or Bank of America's target price of $45.
    Sep 24, 2013. 04:23 PM | 1 Like Like |Link to Comment
  • Did The S&P 500 Just Top? [View article]
    On the day of the Fed announcement, we got a 1-day rally. Since then, every day has been red. The market is moving slowly downward as investors are having trouble finding value plays.
    Sep 24, 2013. 03:43 PM | Likes Like |Link to Comment
  • What Happened To Apple's Funeral? [View article]
    When you see companies like Tesla, Pandora, Amazon, Yelp getting huge valuations out of thin air, seeing Apple so cheap is kinda sad but i guess that's how the market rolls in the short term.
    Sep 24, 2013. 11:06 AM | Likes Like |Link to Comment
  • BlackBerry Bulls, Just Stop [View article]
    Last year, some people were claiming that BBRY is worth as much as $60-70.
    Sep 24, 2013. 11:03 AM | 2 Likes Like |Link to Comment
  • Tesla Motors: Dilution Is Inevitable [View article]
    @Andreas

    And of course all Tesla bulls here own a Model S.
    Sep 23, 2013. 02:17 AM | 2 Likes Like |Link to Comment
  • Tesla Motors: Dilution Is Inevitable [View article]
    Saying "Tesla isn't comparable to other car companies" or "You don't get Tesla" is like having a "get out of jail" card. It works in arguments when you run out of supportive ideas.
    Sep 23, 2013. 12:47 AM | 3 Likes Like |Link to Comment
  • Will Nokia Shareholders Approve The Acquisition? [View article]
    Given the strong volume in the last few weeks, there will be a lot of people who bought the shares at prices above $5-6.
    Sep 20, 2013. 06:34 PM | 2 Likes Like |Link to Comment
  • The Market Is Officially Entering Bubble Mode, In More Ways Than One [View article]
    I don't know about the market as a whole but many stocks surely became bubbles. Some examples are Yelp, Pandora, Groupon, Zynga, Tesla....Do you see a trend there?
    Sep 20, 2013. 02:41 PM | 4 Likes Like |Link to Comment
  • Deutsche raises Tesla PT to $200 from $160, shares +1% AH [View news story]
    This is why I'm considering playing a straddle with Tesla soon. If Tesla is successful, it will go to $400, if it fails, it will go below $40. There is hardly any in-between for Tesla.
    Sep 18, 2013. 06:54 PM | 2 Likes Like |Link to Comment
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