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Kenn Wagenheim

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  • The 'Mayer May' $100 Yahoo Long Call [View article]
    Thanks! I'm well behind on any replies... but:

    I moved out of this some time back and rolled some profits into a Jan '14 $32 and Jan '15 $40, taking the rest out in cash.

    Just last week, I sold the Jan '14 $32 :-) and rolled some of that into a Jan '15 $50 to go with the $40. I foresee holding both of those for a while.

    Overall, it's been a very profitable trade, for sure!
    Dec 29 03:24 AM | Likes Like |Link to Comment
  • More Apple (AAPL +0.7%) news: 1) Citing an online ad exec, BI reports Apple is thinking of launching a mobile ad exchange (would send targeted ads based on activity on other sites/apps) to complement existing iAd offerings. Millennial Media (MM) and Google already compete here, and Facebook is thinking of jumping in. 2) Detwiler Fenton says checks indicate "North American iPhone sales remain resilient" in spite of the Galaxy S4 launch. Detwiler expects 30M iPhone sales worldwide in the June quarter, and sees new seller T-Mobile USA (TMUS) moving 1M units. The iPhone's share has been holding up stronger in the U.S. than in international markets. (earlier[View news story]
    ... Wait, so AAPL's not going out of business this week?!?! ;-)
    May 31 02:24 PM | 6 Likes Like |Link to Comment
  • Barron's is out with its list of the 500 financially strongest companies as ranked after a rigorous cash and sales analysis. A quick filter on the list shows a good chunk of the names trade with a single-digit price to earnings ratio including Goodyear Tire & Rubber (GT). Despite all the buzz about booming auto sales in the U.S. and China, concerns about growth for Goodyear's products in other regions of the globe have lowered expectations. But with auto sale estimates for full-year being taken higher, Goodyear could see enough consistent revenue growth to justify a higher trading multiple. (Top 25: AAPL, WCC, WDC, DVA, CHRW, QCOM, JOY, V, STX, MRC, MA, CVI, COF, SYMC, MCK, WCG, ETN, BRCM, TMO, CI, CBI, NOV, WNR, HFC, DK[View news story]
    Yeah... email alerts on this are broke. Please fix it, asap.
    May 6 02:12 AM | 1 Like Like |Link to Comment
  • Apple (AAPL) only looks cheap if it maintains its profit margins (35.3% in 2012), writes The Brooklyn Investor. Slapping Samsung's mobile operating margin of 18% on Apple's $181B in expected revenue this year then giving it a 10 multiple and adding back cash yields a value of $370/share. Margins might not decline right away (and revenues may increase to offset), but Apple bulls are fighting the powerful historical tendency (particularly for Apple) of excess margins getting competed away. [View news story]
    ... Margin compression, just like what happen to the Macs declining in share because of the high margins? Oh wait... I guess we should all keep waiting for that.
    Apr 20 11:32 AM | 11 Likes Like |Link to Comment
  • More on the iPad Mini: The cheapest model (16GB Wi-Fi) goes for $329. Amazon and Google, sellers of the $199 Kindle Fire HD and Nexus 7, are probably breathing sighs of relief. As expected, there's no retina display inside the Mini, but there is an HD front camera and 5MP back camera, and 3G/4G models are offered (they start at $459). Like the iPad 2, the Mini is powered by an A5 processor. Apple (AAPL -2.2%) is selling off. (live blog). [View news story]
    Glad to see AAPL not participate in the race to the bottom of their competitors!
    Oct 23 03:20 PM | 3 Likes Like |Link to Comment
  • Apple (AAPL -0.4%) begins its event by introducing a 13" retina MacBook Pro. The notebook, which starts at a costly $1,699, is 20% thinner and 1 lb. lighter than its predecessor, and features a solid-state drive to go with its high-res display, which Apple claims offers 75% less glare. Also announced is a revamped Mac Mini (new CPUs and internals), which starts at $599. (live blog, webcast - available on Safari). [View news story]
    Who? Are you suggesting Apple made a product no one will buy? Or are you seriously asking? Just curious.
    Oct 23 03:16 PM | Likes Like |Link to Comment
  • After seeing Verizon report it sold just ~650K iPhone 5s in Q3 due to supply issues, Jefferies' Peter Misek thinks only 5M units may have been sold overall in the quarter - he previously believed sales of 8M-10M were possible. But Misek argues iPhone 4/4S sales will make up for any shortfall to his 26M-unit iPhone forecast. Meanwhile, Stifel notes the iPhone 5 is still back-ordered for 3 weeks at Verizon. Apple (AAPL -2.8%) is selling off along with many other tech large caps, and is down 13% from its Sep. 21 high. (earlier: I, II[View news story]
    Could be worse... GOOG is down almost 13% in 24 hours. ;-)
    Oct 19 04:05 PM | 1 Like Like |Link to Comment
  • Without Steve Jobs, Apple Is Without A Map [View article]
    Got my iPhone 5 as well. Speaking of Rome, check it out on the 3D maps views. Pretty cool. ;-)
    Sep 23 02:04 PM | 1 Like Like |Link to Comment
  • Without Steve Jobs, Apple Is Without A Map [View article]
    I just don't understand these "articles" referring to Jobs as some godly stopper of bad products. Amongst other "failures", Steve Jobs oversaw the release of Mobile Me, iPhone 4's antenna issues and Ping.

    And surely "people" realize he was the one who called out the war on Android. Very likely it was under his tenure that the in-house maps movement started and gained traction.

    Anyone suggesting that Jobs had the ability to make maps perfect in the time allotted (namely before the end of the GOOG/AAPL contract) is kidding themselves for the sake of a headline. ;-)
    Sep 23 01:55 PM | 2 Likes Like |Link to Comment
  • "If Steve Jobs were still alive, would the new map application on the iPhone 5 be such an unmitigated disaster?" asks Joe Nocera. It's a question many others are also asking, given the huge backlash to iOS 6 Maps. But to Nocera, a potentially bigger concern is that Jobs' absence will limit the risk-taking that drove Apple's (AAPL) meteoric rise. Joshua Topolsky: "The iPhone 5 is unquestionably the best iPhone ever made ... but right now Apple seems to be in a holding pattern, too comfortable or too scared to take real chances." (also: I, II[View news story]
    And oh the irony...

    Joshua Topolsky: "The iPhone 5 is unquestionably the best iPhone ever made ... but right now Apple seems to be in a holding pattern, too comfortable or too scared to take real chances."

    Um, yeah... So on one hand Apple moved to in-house maps likely before they were ready to do so. On the other hand, they're not taking any real chances.

    Confusing, to say the least. ;-)
    Sep 23 01:48 PM | 3 Likes Like |Link to Comment
  • "If Steve Jobs were still alive, would the new map application on the iPhone 5 be such an unmitigated disaster?" asks Joe Nocera. It's a question many others are also asking, given the huge backlash to iOS 6 Maps. But to Nocera, a potentially bigger concern is that Jobs' absence will limit the risk-taking that drove Apple's (AAPL) meteoric rise. Joshua Topolsky: "The iPhone 5 is unquestionably the best iPhone ever made ... but right now Apple seems to be in a holding pattern, too comfortable or too scared to take real chances." (also: I, II[View news story]
    I just don't understand these "articles"... or news tidbits, whatever they are.

    Amongst other "failures", Steve Jobs oversaw the release of Mobile Me, iPhone 4's antenna issues and Ping.

    And surely "people" realize he was the one who called out the war on Android. Very likely it was under his tenure that the in-house maps movement started and gained traction.

    Anyone suggesting that Jobs had the ability to make maps perfect in the time allotted (namely before the end of the GOOG/AAPL contract) is kidding themselves for the sake of a headline.
    Sep 23 01:47 PM | 3 Likes Like |Link to Comment
  • Google Punkslaps Apple - Cook Makes Strategic Error [View article]
    I have no problems with maps. Upgraded on my 4S Wednesday and haven't had any of the issues I've heard people complain about.

    Have my iPhone 5 in hand and experimenting with turn by turn nav while my wife is driving. No issues so far. I guess I'm just lucky! ;-)

    But wow is this thing thin, light and the size is perfect.
    Sep 21 02:26 PM | 12 Likes Like |Link to Comment
  • Many iPhone/iPad users aren't happy with Apple's (AAPL) new Maps app, which displaces Google Maps (GOOG) with today's iOS 6 launch. The loss of Street View and public transit data is frustrating many, as are the search results. Even Apple die-hard John Gruber is a critic. The discontent is unlikely to convince Apple to have a change of heart, but it could drive many users to opt for Google's home-grown iOS Maps release (likely to feature ads) when it arrives ... provided Apple doesn't block it. (iPhone 5 reviews[View news story]
    Again, there's that subjectiveness with "a lot". Doesn't something need to be in perspective to be useful? If two million people upgraded to iOS6 today and 50 complain vocally on twitter, is that really "a lot"?

    IMHO, there should be some type of quantitative approach before using words as subjective as "a lot" or "many".

    Since I don't have a blog, I suppose that makes my opinion that iOS6 maps are better for my personal purposes "a little less" important. ;-)
    Sep 19 07:23 PM | 4 Likes Like |Link to Comment
  • Many iPhone/iPad users aren't happy with Apple's (AAPL) new Maps app, which displaces Google Maps (GOOG) with today's iOS 6 launch. The loss of Street View and public transit data is frustrating many, as are the search results. Even Apple die-hard John Gruber is a critic. The discontent is unlikely to convince Apple to have a change of heart, but it could drive many users to opt for Google's home-grown iOS Maps release (likely to feature ads) when it arrives ... provided Apple doesn't block it. (iPhone 5 reviews[View news story]
    Well, it is officially out today. I just installed the update to iOS6 on my 4S.

    And I have no issue with maps. I never used street view before (though someone above says it wasn't even in iOS5)... and I don't use public transit.

    I do think the maps system is overall more responsive and I like the Apple interface tweaks. My humble opinion. ;-)
    Sep 19 07:15 PM | 1 Like Like |Link to Comment
  • Many iPhone/iPad users aren't happy with Apple's (AAPL) new Maps app, which displaces Google Maps (GOOG) with today's iOS 6 launch. The loss of Street View and public transit data is frustrating many, as are the search results. Even Apple die-hard John Gruber is a critic. The discontent is unlikely to convince Apple to have a change of heart, but it could drive many users to opt for Google's home-grown iOS Maps release (likely to feature ads) when it arrives ... provided Apple doesn't block it. (iPhone 5 reviews[View news story]
    ... Could you elaborate further on "many"?

    Rather than just say "many" with some sky-is-falling snippet, perhaps give us some more meat -- like an estimation of how many users have upgraded to iOS6 vs the percentage of upgradees that are complaining about the maps app?
    Sep 19 06:57 PM | 4 Likes Like |Link to Comment
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