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Jacob Steinberg

 
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  • The Apple Comeback Begins [View article]
    I'm long Apple too but I don't really know where the "amazing new products" will lead us to. Last year, Tim Cook also said that pipeline was "full of exciting new products" but we just got an incrementally better phone and a tablet. Hopefully this time they will actually do what they say they will.
    Jul 25 07:02 PM | 11 Likes Like |Link to Comment
  • Nokia, Blackberry And The 'Rest' [View article]
    "Samsung makes every kind of handset in every market in every size and at every price. They are just not stopping to thing. They're just making more phones."

    I would say the exact same thing about Nokia. In fact I did in one of my recent articles. :)
    Apr 12 12:04 PM | 11 Likes Like |Link to Comment
  • Can We Estimate The Size Of Tesla's Backlog And Current Demand? [View article]
    Renim,
    You can ignore that troll. He thinks he's the sheriff of Tesla articles and he thinks he is in the position to decide which articles are worthy and which aren't. Every time someone on this website publishes an article about Tesla, he is there to launch nasty personal attacks on people and tries to get people's attention by trolling. It must suck not having any friends and needing getting people's attention this way.

    The funny thing is he says that the article is all guesses. What he fails to understand (or pretends to fail since message board trolls tend to do that to get attention) the whole investment thesis about Tesla is based on guesses and estimates. People make guesses about Tesla's future value and they decide to put their money either on the long or short side depending on what their estimates look like.

    Besides, if Tesla didn't hide information from its shareholders (i.e., the very people that own the company) people wouldn't have to use partial information to reach conclusions. It's not my fault that Tesla chooses to remain behind smoke and mirrors by hiding material information from its owners in order to keep the hype going.
    Dec 7 06:07 AM | 10 Likes Like |Link to Comment
  • Tesla's Valuation Continues To Defy Logic [View article]
    Tesla is priced at nothing but empty hype.
    Dec 2 09:29 AM | 10 Likes Like |Link to Comment
  • Dear Tesla Bulls: That's Not How You Calculate Tesla's Value [View article]
    "They will sell as many as they can build for many years to come at whatever price they want to charge."

    There is no company in the world that can make such a claim. So far, Tesla saw strong demand in 2 counties of California and Norway and we don't know what kind of demand there will be anywhere else in the world.

    Tesla is ahead of other cars in terms of battery technology, but I can't say the same about everything else that makes a car.
    Oct 31 02:45 PM | 10 Likes Like |Link to Comment
  • Tesla: Retail Investors Rushing In And Nest Eggs Cracking [View article]
    "GM is a never ending mess every 10 or 20 years required a bailout or some sort of government help. Its a poorly run company with legacy cost issues. Tesla has none of those problems. "

    Except that Tesla has been subsidized by the government for the last several years. Every Tesla car sold or leased is partly paid for by the government. Also, Tesla's only profit so far came from selling carbon credits. Tesla isn't any better than GM when it comes to needing government help.
    Sep 29 06:44 PM | 10 Likes Like |Link to Comment
  • Nokia Won't Buy Alcatel [View article]
    Nokia will get in the business of building tanks, rockets, navy ships, armor, bullet-proof vests and other military equipment. After all, Nokia is indestructible, why not put it into good use?
    Sep 6 04:55 PM | 10 Likes Like |Link to Comment
  • Should You Bite The Bullet And Buy Monsanto? [View article]
    Most research on environmental and health risks of GM are inconclusive so far. If we all had to rely on organic food, more than half of us would be starving right now. There isn't enough arable land that would qualify for organic farming to feed 6.5 billion people in the world.
    Aug 19 03:52 PM | 10 Likes Like |Link to Comment
  • Should Microsoft Make A Smartphone? [View article]
    Nokia accounts for 80% of all Windows Phones that are sold today. There are many companies like Samsung and HTC that build windows phones with no success. Microsoft would just be another company with less than 1% market share. Without Nokia, Windows Phone wouldn't last a year.

    If Microsoft buys Nokia and builds phones under Nokia's name, that's a different story.
    Mar 14 05:50 PM | 10 Likes Like |Link to Comment
  • Apple: Learn From Andy Zaky's Mistake [View article]
    There hasn't been such thing as "extreme bullishness" on Apple in years. If there was, Apple wouldn't have been trading for a P/E of 10-12 for the last few years.

    When I hear "extreme bullishness" I think of companies like Amazon, Facebook, Netflix which trade for hundreds times their earnings. Currently we are seeing extreme bearishness regarding Apple as it trades for a P/E of 7 excluding cash.

    It's impossible to tell from articles whether there is bullishness or bearishness towards a company but you can easily tell it by how expensive or cheap a company is. Fundamentally speaking, Apple hasn't been expensive in years.
    Mar 7 10:47 AM | 10 Likes Like |Link to Comment
  • Why Is Almost Everybody In The Auto Industry Afraid Of Tesla Motors? [View article]
    It's funny how Tesla bulls think that Tesla will be able to ramp up its production from 25,000 per year to 500,000 per year without any glitches or requiring insane amounts of capital expenditure.

    Last week, some Californian newspaper reported that Tesla was going to spend about $500 million on equipment alone just to ramp up its production by another 35,000 per year. With other costs such as set up, hiring and training, the cost of ramping up Tesla's production by 35,000 per year will be about $750 million. Imagine how much money Tesla will need if it wants to increase its production to 500,000 per year someday (plus several giga factories to meet the battery demand)? Where will that money come from? It will come from dilution as a result of many rounds of secondaries. Tesla is already overvalued as it is, after the several rounds of secondaries and huge dilution, it will be even more ridiculously overvalued.

    And how is Tesla planning to make a profit on cheaper cars when it fails to earn a penny on its most expensive car which a lot of early adopters with deep pockets bought without even looking at the price tag?

    At this point Tesla is nothing but a speculation from an investment perspective.
    Dec 28 05:12 PM | 9 Likes Like |Link to Comment
  • Apple - It's All About Earnings [View article]
    Correction:

    Apple, it's all about earnings expectations (guidance).
    Mar 27 05:31 PM | 9 Likes Like |Link to Comment
  • Why Apple Should Follow IBM's Successful Turnaround Story [View article]
    Apple continues to have high margins in the PC industry even though other PC makers are struggling. Apple produces premium products and enjoys premium margins.
    Mar 8 03:39 PM | 9 Likes Like |Link to Comment
  • Will Yelp Ever Justify Its Ridiculous Valuation? [View article]
    Just the fact that you responded to my analysis without reading it is a flaw by itself. My analysis shows that even if we look at 2020's valuation, the stock still looks ridiculously expensive. Just because a company is "growth company" doesn't mean it should get infinite valuation. Even growth companies are priced for valuation they will be getting in 5-10 years and Yelp fails at that too.
    May 23 07:37 AM | 8 Likes Like |Link to Comment
  • Why Is Almost Everybody In The Auto Industry Afraid Of Tesla Motors? [View article]
    "500,000 vehicles will be hit in 2018.
    300k Model E
    100k each of S and X"

    Sure, and I will grow wings and start flying.
    Dec 28 04:46 PM | 8 Likes Like |Link to Comment
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