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Jonathan Liss  

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  • 35 Stocks That Ben Graham Would Like Here [View article]
    Nice piece. I have to question your changes to Graham's methodology. Why push price-to-book up to 1.5 from 1.2? Most of these stocks would still show up with the 1.2 p/b ratio intact. I also question your change to length of earnings growth and use of EPS in general - with all the stock buybacks of late, EPS growth of 3% a year would indicate declining earnings in many cases. P/# below 15 - why? P/E is really a more industry specific gauge of value than a universal one. And the 1% dividend seems a bit weak in light of fallen stock prices, no?

    I think Graham's and Buffett's whole point was that you'll never get 35 stocks on a true value list. True values are few and far between and on occasion, non-existent.
    Apr 9, 2008. 05:34 AM | Likes Like |Link to Comment
  • How Now, Charles Dow? [View article]
    Editor's Note: Prosbus, thanks for your first 2 corrections - they have been implemented into the article. However, you seem to be mistaken on UXI. According to ETF Connect (www.etfconnect.com/sel...), an excellent source of ETF and CEF data:

    "The Fund seeks daily investment results before fees and expenses that correspond to twice the daily performance of the Dow Jones U.S. Industrials Index."

    So it does appear to track the specific index referred to and not just the Industrials sector.
    Apr 8, 2008. 12:49 PM | 1 Like Like |Link to Comment
  • Nikkei Weekly Outlook: Holding 13,000 [View article]
    Hey Steven! Great to see you back on board! Looking forward to continuing great Japanalysis.
    Apr 6, 2008. 02:39 PM | Likes Like |Link to Comment
  • Risk Management Lessons from Bear Stearns [View article]
    Geoff,

    Great piece as usual. 1 question: while it seems QPP could have discovered the risks to BSC before its meltdown in March, that earlier article you link to fails to make any mention of Bear. How feasible is it to catch something like this before the fact using QPP?

    Best,
    Jon
    Apr 2, 2008. 07:13 AM | Likes Like |Link to Comment
  • Tuesday's Action: Sign of a Bottom? [View article]
    Jordan,

    Gold/Dollar action aside (I think a falling VIX is of questionable value to bulls), what do you feel is lining up to push markets higher? Fundamentally it doesn't seem the financials are ready for a full recovery - ignoring the bad news (which I personally think we've been seeing a lot of over the past few months) to me is reason to keep my chips off the table for now. If the financials can't support lofty valuations, the markets will catch up eventually.

    Respectfully,
    Jonathan Liss
    Apr 1, 2008. 04:34 PM | Likes Like |Link to Comment
  • Portfolio Theory Vindicated [View article]
    If you look on the author's bio page, there is a brief explanation of QPP as well as a link to his site with a much more in depth explanation.
    Mar 27, 2008. 03:07 PM | Likes Like |Link to Comment
  • In the Wake of Bear: I-Bank Regulation Now in Fed's Hands [View article]
    [Editor's Note:

    JLedbetter,

    Thanks for pointing that out. The piece has been corrected accordingly.]
    Mar 26, 2008. 06:24 PM | Likes Like |Link to Comment
  • Can the 'World's Sexiest Actress' Enhance Revlon's Profits? [View article]
    R.J.,

    The following line in your article is rather misleading in my opinion: "The numbers don’t lie. Revlon posted a .08 cents per share profit in the last quarter, compared to a (.01) cent per share loss in the same year-ago period. Revlon’s market cap is 554 million with 1.4 billion gross revenues and a share price of 1.04 – way oversold."

    Omitted is Revlon's ugly balance sheet with a more than 2 to 1 ratio of liabilities to long-term assets and long term debt of $1.44B vs. just $889M in total assets. Revlon has had only 1 profitable quarter in its last 32 and has seen its share price fall steadily since Perelman financed the purchase of Revlon with over $700M in junk bonds (back in 1985 for $58/share), from which it has never recovered.

    REV shares involve far more risk than is alluded to here.
    Mar 25, 2008. 07:38 AM | Likes Like |Link to Comment
  • 'Fedization': Bear's Rescue Presents a Major Moral Hazard [View article]
    Why blame only the Repubs? Clinton was in office during the second half of the time frame you mention above. This issue is one that unfortunately crosses the aisle in my opinion - both the Repubs and the Dems are to blame!
    Mar 24, 2008. 05:38 PM | Likes Like |Link to Comment
  • All Commodities Extremely Overbought Except OJ [View article]
    Editor's Note: Seeking Alpha insists on a disclosure in all articles. No disclosure at the end of a piece means it is not considered relevant.
    Mar 7, 2008. 03:10 AM | Likes Like |Link to Comment
  • Interactive Q&A: Joe Cross, President and CEO of Nanophase Technologies [View article]
    I took a look at your last 6 income statements on Google Finance - annual revenue growth appears impressive as does gross profit growth. Still, operating expenses continue to rise, keeping your EPS in negative territory.

    Are there any catalysts you can name that might push Nanophase into positive earnings? And when that happens, will your tax loss carry-forward make an impact?
    Mar 3, 2008. 06:33 AM | Likes Like |Link to Comment
  • Google: Putting an End to this 'Tech is Recession-Proof' Nonsense [View article]
    They are if they are offensive, demeaning or just plain nonsensical
    Feb 28, 2008. 02:47 PM | Likes Like |Link to Comment
  • Betsy Eisenberg Joins Seeking Alpha To Lead Business Development [View article]
    Welcome aboard Betsy! Glad to have you!
    Feb 28, 2008. 03:15 AM | Likes Like |Link to Comment
  • GE: Nuclear Growth Galore [View article]
    agreed - based on a cursory google search, that $90B number seems way off
    Feb 26, 2008. 11:16 AM | 1 Like Like |Link to Comment
  • Selling Teck Cominco - I've Lost Confidence in Management [View article]
    Davy,

    Nice article and analysis. That being said, it doesn't seem you feel there is much downside risk here. TCK continues to trade at somewhat of a discount to its peers. Furthermore, analyst estimates appear to be fairly conservative for at least the rest of 2008 (seekingalpha.com/artic...). Despite selling, would you still say the risk/reward is in TCK's favor, even with management's bungling?
    Feb 26, 2008. 09:23 AM | Likes Like |Link to Comment
COMMENTS STATS
483 Comments
450 Likes