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Karl Glazier

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  • Alibaba Is Extremely Undervalued And Has Great Growth Potential [View article]
    Puda Coal also was a VIE, and the manager stole all the assets (he sold the company and kept the $1 billion), and there is nothing the American shareholders could do.
    Sep 19 09:17 AM | 1 Like Like |Link to Comment
  • Shares Of Mattersight Are Poised To Triple [View article]
    If a new potential client calls in, how is the software supposed to know his psychological profile ?
    Sep 8 11:27 PM | 2 Likes Like |Link to Comment
  • TowerJazz: A Towering Double In Share Price [View article]
    In the last quarter, this lying management told the public they made $.41 per share. That is excluding all depreciation, and a gain from acquisition derived from the high value assigned to Tower’s stake in TPSCo of $15 million. How is that legal? According to accounting rules, valuation is lower of cost or market, you can never WRITE UP the value of something you just bought.
    Even after including this ficticious $15 mill. gain, they lost $.31 per share on a GAAP basis.
    So we should trust our money to this lying, cheating management. How can you exclude depreciation on a very capital intensive business?
    Aug 27 11:45 AM | 4 Likes Like |Link to Comment
  • Ocean Rig: Primed For Growth When Deepwater Market Rebounds [View article]
    The CEO is George Economou, who is well known to cheat the shareholders by putting their money in his own pocket. See Dryships.
    Aug 23 08:59 PM | 4 Likes Like |Link to Comment
  • JinkoSolar: Strong Performance Masked By Near-Term Concerns [View article]
    How does the projects business generate $5 per share in the next 12 months, but it does not show in the income statement of JKS?
    Aug 23 08:30 PM | 1 Like Like |Link to Comment
  • China Finance Online - Still Cheap And Likely To Pre-Announce A Record Q2 In The Coming Days [View article]
    How can you enforce your claims as a shareholder against a Chinese company? Management can rob you blind, there is not a thing you can do. So you own nothing, really.
    What happened to all the other Chinese frauds? The PUDA Coal CEO made a $billion off the American investors and is keeping it, nobody can do anything, since the Chinese government is not cooperating. They laugh when we get ripped off. After all, we are the class enemy. Only fools give them more money.
    However, it works great as a pump and dump, as SA has become a great pump and dump website.
    Aug 21 01:59 PM | 1 Like Like |Link to Comment
  • FAB Universal's Undisclosed Acquisition Of Beijing Vanpos Telecom [View article]
    They still needed to go through the audit, so they needed to show more kiosks. In their press release today they say that many of the kiosks were not working or unplugged. What a laugh. They also say that only a tiny percentage can download movies. So how do they make their money?
    Their story changes all the time, as they are caught in one lie after another.
    Aug 12 11:21 PM | Likes Like |Link to Comment
  • Making Money With Math Has Been Too Easy For Too Long [View article]
    Don't you have to pay borrow fees on all those shorts?
    Jul 18 12:02 PM | 2 Likes Like |Link to Comment
  • A Green Light For Gold? [View article]
    Schiff has been predicting the collapse of the dollar for many years, and the people who followed him into precious metals have lost a lot of money, plus the stock market has surged in the meantime.
    What does it take for his followers to realize that Schiff's theories are obviously not working?
    And then the adoration, despite the fact that he is usually wrong! What a bunch of sheep. Wake up!
    I read his articles for entertainment, to have a good laugh.
    For a man who actually understands the economy, read Jeff Miller's articles instead.
    Jul 15 10:24 PM | 3 Likes Like |Link to Comment
  • Summers Expects A Long Winter [View article]
    Great article. The key problem is the ever increasing concentration of wealth. plus the trade deficit.
    Corporate managements are stealing ever larger amounts from shareholders. They need many millions of "incentives" to get out of bed in the morning and to work.
    One person can spend only so much, the rest just sits there.
    Nov 19 12:22 PM | 1 Like Like |Link to Comment
  • MTR Gaming: Shareholders Are Likely To Receive Superior Merger Proposal [View article]
    If the deal closes in mid-2014, doesn't that mean you have to wait 7 months to make the 5% gain?
    Nov 17 05:30 PM | Likes Like |Link to Comment
  • An Open Letter To The Board And Management Of K12 [View article]
    The stock is mispriced. Shorters are pushing it closer to where it should be.
    He is already telling the company in detail what they need to do, what more can he do?
    Nov 4 08:52 AM | 1 Like Like |Link to Comment
  • The Obesity Epidemic: EnteroMedics' New Treatment Approach [View article]
    How much does this device and the surgery cost? If it is too much, few people can afford it.
    Jan 29 11:15 AM | Likes Like |Link to Comment
  • Dr. Marc Faber's Market Outlook For 2013 [View article]
    Here is his 2010 outlook:
    "He likes commodities (wheat and natural gas in particular), Japan & hates the U.S. He continues to forecast hyperinflation as the government prints its way out of the crisis (this is very similar to Julian Robertson’s outlook). He still believes the capitalist system will fail in spectacular fashion."
    Wrong on most counts.
    In 2011:" Faber believes a correction is imminent for the stock market"
    Wrong again.
    2012:"How can investors prepare for a potential global collapse?

    "My advice would be to diversify 25 per cent of your assets in real estate, 25 per cent in equities and 25 per cent in cash and bonds and 25 per cent in precious metals."

    That would not have lead to the big gains he claims after 4 years of bull market, while he remained skeptical.
    Dec 29 12:49 AM | 6 Likes Like |Link to Comment
  • EBIX: If The SEC Cometh, The SEC Will Findeth (Or So We Suspect) [View instapost]

    To put things in perspective, BDO Tax Partners in 2005-2006 put Ebix's tax structure in place. Subsequent to that, it has been reviewed and enhanced by Ernst &Young, with help from other firms like BKD, Frazier Deeter, etc., besides multiple offices of E&Y across the world. Ebix's infrastructure setup of putting development and IP in Singapore & India was put in place much before any tax planning was contemplated. Also, Ebix's inheriting of NOLs in the United States was something that was not planned, but happened since Ebix had lots of losses in the pre-2000 era. Our tax structure worldwide was thus driven by our infrastructure and efficiency needs of putting development & IP in a place, which could give us global economies of scale at the highest levels of efficiency.

    Ebix took care not to transfer any IP out of the U.S. and thus does not expect any issues on that account. All our IP centralized in Singapore was either built and funded by Singapore, or directly acquired by Singapore through an acquisition.

    Our transfer pricing is not done by CB&H. The transfer pricing, updates and reviews are done by E&Y with help from their various offices, and BKD. That is a continuous exercise and not just a onetime exercise. Every position of the company has a strong documented basis, written by these top quality firms who are rated one of the best in this work worldwide. CB&H is our U.S. auditor who checks all this from an auditor perspective and they have an international tax practice that specializes in this field.

    Besides following the advice of the best in the business, the company always has taken conservative positions and built large FIN 48 reserves to offset any adverse transfer pricing rulings. Also our US NOLs in all those periods serve to largely offset the cash impact of any adverse ruling."

    This is from July 2011, and you are still sensationalizing the same issues.

    Have any current Ebix customers or potential customers mentioned Barron's or any of the short-seller articles as a point of concern?

    The short answer is no. My guess is that our customers know a lot more about us than any media article can tell them about Ebix.
    Dec 5 11:31 PM | Likes Like |Link to Comment