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Jacob Steinberg

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  • Samsung Galaxy S4: A Gift To Apple Shareholders [View article]
    The funny thing is a lot of people here think that Apple will die if it doesn't invent new products out of thin air every few years.

    As it turns out, all Apple has to do is to build products a little better than the competition. Apple just has to be one step ahead of the competition and that's about it. Apple doesn't invent new products, it takes existing products and makes them better.
    Mar 15 04:09 PM | 33 Likes Like |Link to Comment
  • Dump Nokia's Sad Ringtone, Buy BlackBerry [View article]
    A lot of times, the articles I write get declined by editors who say that the article doesn't add much to discussion in a stock that's covered heavily already (which is understandable). Yet, this author almost copies and pastes the same article 3 times within 10 days and gets published every time. Must be nice to be him. Look at his last 3 NOK articles, they are almost identical to each other.
    May 19 02:58 PM | 27 Likes Like |Link to Comment
  • Nokia Is Finnished: Prepare For Bankruptcy [View article]
    Oh no, it took more than 6 months to turnaround a multi-billion company with more than 100,000 employees. It must be doomed!
    Jul 9 03:33 PM | 25 Likes Like |Link to Comment
  • Apple (AAPL): FQ2 EPS of $10.09 beats by $0.02. Revenue of $43.6B (+11% Y/Y) beats by $1.1B. 37.4M iPhones, 19.5M iPads, just under 4M Macs. Expects FQ3 revenue of $33.5B-$35.5B, below $39.3B consensus. Buyback increased by $50B. Shares halted. CC at 5PM ET (webcast). (PR[View news story]
    When the shares are so cheap, it makes perfect sense to buy them back. That's like spending 80 cents to get dollar coins.
    Apr 23 04:39 PM | 23 Likes Like |Link to Comment
  • Hedge Funds May Hate Apple, But Consumers Are Still In Love [View article]
    "If that's the case, then many bearish analysts are attacking a straw man. Apple's customers don't require yearly revolutions to keep buying Apple, any more than Porsche is required re-inventing the car to retain its customers."

    Finally someone that actually understands Apple! Great article that makes great points.
    Apr 30 06:23 PM | 19 Likes Like |Link to Comment
  • Too Many Houses, Too Much House [View article]
    Texas doesn't allow people to refinance their home until they have at least 20% equity, which effectively stopped the bubble before it could even start back in the mid 2000s.
    Aug 19 11:42 AM | 17 Likes Like |Link to Comment
  • Tesla's Painful Journey Into The Valley Of Death [View article]
    Has anyone posted this comment yet?

    "Have you driven the car?"

    It's crucial to post this in every Tesla discussion.
    Nov 7 03:26 PM | 16 Likes Like |Link to Comment
  • Intel 2013 Half-Time Report: Things Are Looking Ugly, But The Worst Is Nearly Past [View article]
    In the tech sector, all companies have ups and downs. Last year I bought HP at around $17 and many people told me to sell it. The stock price fell to as low as $11 and I held onto my shares, even added some more. Now the shares trade for around $27 but I sold them around $25 something. This happens to Microsoft and Cisco too. Falls shouldn't discourage people because good companies with solid earnings always bounce back up sooner or later.

    I'm not currently invested in INTC but if it falls below $20.00, I'll be backing the truck up.
    Aug 18 02:59 AM | 16 Likes Like |Link to Comment
  • Nokia: It's About Sending A Message [View article]
    Not many companies in the world can.
    Jul 9 02:53 PM | 16 Likes Like |Link to Comment
  • What Are The Growth Areas For Nokia? [View article]
    Giving out a "special dividend" wouldn't be much different than throwing money away. It accomplishes absolutely nothing. A buyback would be a better option since it would reduce the share count and make each share more valuable permanently. A special dividend would help the stock price for about a week and its effects would be gone almost immediately.
    Feb 10 03:41 AM | 14 Likes Like |Link to Comment
  • Too Many Houses, Too Much House [View article]
    The housing market in the US is highly localized. Think of these examples:

    1. San Francisco: Because of tiny amount of land and a lot of demand due to immigration and employment related to silicon valley, there is too little supply and too much demand. The house prices are usually volatile but they are likely to stay strong for a while.

    2. Dallas: The house prices are much less volatile than the rest of the country. The city has low unemployment and high job growth; however, it also has a lot of land to expand. During the great recession, the fall in house prices were minimal and the house prices are expected to rise by 5-6% (pretty modestly and sustainable) every year moving forward.

    3. Orlando: The house prices are highly volatile and they can go anywhere at this point. They could go up or down sharply in the long run and it's difficult to tell.

    4. Detroit: House prices are pretty cheap but they are likely to get even cheaper in most parts of Detroit except for the wealthy suburbs.

    In every American city, you'll see a different housing market.
    Aug 19 04:38 AM | 14 Likes Like |Link to Comment
  • Nokia Is Neither HERE Nor There [View article]
    It's interesting how Google never announces its financials for the Google Maps product. Maybe maps aren't profitable at the moment for anyone.
    Jul 17 10:49 AM | 14 Likes Like |Link to Comment
  • Tesla Motors on watch after Model S fire in Mexico [View news story]
    I saw the picture of the car and it looks like a really bad accident. In an accident as bad as that one, I would expect a fire incident from most cars. As long as the car doesn't catch fire out of blue while driving in a highway, I wouldn't blame the company.

    Having said that, Tesla is ridiculously overvalued.
    Oct 28 12:57 PM | 12 Likes Like |Link to Comment
  • Why Bears Are So Wrong About Tesla [View article]
    If Tesla is "just a start up company" and it is "unfair to compare it to likes of Ford and GM" why in the world does it have market cap of $20 billion? What kind of start up company with no profits and less than 1% market share gets a market cap of $20 billion?

    Tesla is a great car, probably one of the safest cars in the world, it has accomplished a lot of great things; however, from an investor's standpoint, I would like to see some profits. I don't blame Tesla for any of the fires and I don't believe "environmental issues" will derail Tesla.

    And don't tell me "Tesla has gross profits of 25%" because gross profits mean next to nothing if they don't translate into at least operating profits. Didn't BlackBerry have gross profits of +30% last year? And also don't tell me that "Tesla is investing its profits into growth" because operating margins do NOT include capex. Even excluding capex, Tesla is still not profitable and losing money per each car it sells. All of Tesla's cash generation and growth investments come from secondary share offerings, which it will have to make several rounds of in order to grow.

    The biggest threat in front of Tesla is lack of profitability and looming dilution that has to happen if the company wants to increase its production to meaningful levels.

    I'm long both calls and puts of TSLA and I'll be waiting to see where this story goes to. TSLA is a binary event, it will be either total success or total bust. Unfortunately, most of the success Tesla can see in the next 5-7 years is already baked in the share price.
    Dec 20 03:24 PM | 11 Likes Like |Link to Comment
  • Dear Tesla Bulls: That's Not How You Calculate Tesla's Value [View article]
    Have you ever driven a Mercedes or BMW that's roughly within the same price range as a Tesla's Model S?

    Besides, what does it have anything to do with Tesla's ridiculous valuation.
    Oct 31 02:40 PM | 11 Likes Like |Link to Comment