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Kevin J. Holloway

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  • Don't Judge Berkshire Hathaway By Its Book Value Cover [View article]
    There's no way the author was a portfolio manager. No. way.
    Mar 12 08:01 PM | 3 Likes Like |Link to Comment
  • Big Return Investing: Excellent Companies With Fixable Problems [View article]
    Couldn't agree more Tim. Many of the companies I own are profitable companies that became out of favor for one reason or another.
    Jun 15 11:11 AM | 3 Likes Like |Link to Comment
  • Berkshire Hathaway: Determining Intrinsic Value [View article]
    @Harcorevalue... just saw your post. Said the same thing below. No way he'd buy back stock, which he rarely does, at a 10 or 20% discount to IV.
    Mar 2 09:22 AM | 1 Like Like |Link to Comment
  • Berkshire Hathaway: Determining Intrinsic Value [View article]
    I don't think Buffett would be buying back at 1.1 book value if he thought it was only a 10% or 20% discount to intrinsic value. 25% and up sounds like the MOS he would be looking for.

    Also, insurance in general has been hurt pretty badly over the last few years. Insurance is cheap, should do better of the next 5 years than the last. I think when the sentiment towards insurance stocks turns positive we'll see a reflection in BRK stock price.
    Mar 2 09:21 AM | Likes Like |Link to Comment
  • Innovation Made Possible By 3 New Technologies From Corning [View article]
    Long GLW as well. Watching the Investor Meeting I come away impressed with their level of innovation. Here's the video they showed...

    Cool Stuff.

    http://bit.ly/eNQxRD
    Feb 3 11:13 AM | Likes Like |Link to Comment
  • Ignore The P/E: Corning Is Still A Value Trap [View article]
    A very balanced opinion... we probably agree on this more than disagree. I can't say with certainty that everything is baked in.

    I still like Corning as a long term holding, but yes there are better value plays than GLW right now. It's probably best to wait and see.
    Feb 1 04:11 PM | Likes Like |Link to Comment
  • The Case For Corning: Confusion Creates Buying Opportunity For This Unloved Equity [View article]
    13% payout
    Jan 31 12:25 PM | Likes Like |Link to Comment
  • Ignore The P/E: Corning Is Still A Value Trap [View article]
    I agree that tough times are ahead, but I think value trap is a short sighted description. Many of the issues you discuss are reflected in the current price. As Kevin notes above, you're not accounting for reduction in spending and subsequent increase in FCF.

    You're probably right in taking a more wait and see approach, but 3-5 years from now I find it hard to believe Corning won't be growing profitably. 160 years in business.

    I guess it all depends on your investment time horizon.
    Jan 31 12:21 PM | 3 Likes Like |Link to Comment
  • The Case For Corning: Confusion Creates Buying Opportunity For This Unloved Equity [View article]
    The reason GLW is so cheap is because of the problems Corning addressed and you stated above. Prevailing opinion is negative and the author is simply stating why he believes this is overkill. I wouldn't call it spin, it's contrarian to the current price and outlook.

    And yes it maybe "dead money" for some time, which to me is why it's a good opportunity to buy. Best time to buy is when it's cheap, unloved. If you have a 3-5 year horizon you should do well... and collect 2.4% div that will grow.
    Jan 31 09:41 AM | 1 Like Like |Link to Comment
  • Corning Can Leverage Itself Into A Modern Industrial Growth Story [View article]
    There is no doubt this stock will require patience, but I wouldn't call it dead money. If you have a 3-5 year time horizon then you should do well with GLW. If you don't have that kind of patience than I understand your disinterest. A price drop and short term earnings outlook is precisely a reason to BUY a stock, not justify selling. Well at least to a value investor. Corning has been around for over 100 years and has been innovating ever since. Their balance sheet is pristine, they're cheap, pay a dividend, buying back shares, insider buying. Pessimism is at an all time high, which to me is the best time to buy. I'll wait for it to bottom out and purchase more shares.

    You can read my outlook here: http://bit.ly/Aeuy6n
    Jan 29 09:07 AM | Likes Like |Link to Comment
  • 4 Reasons Corning Is A Buy [View article]
    Managements guidance for next year was not good. Glass prices falling, end of the big LCD TV cycle. I'm in a wait and see mode, but I'm a buyer when it bottoms. Corning is a tech company more than anything. They continue to innovate and have for over 100 years. Stock will require some patience.
    Jan 27 05:27 PM | Likes Like |Link to Comment
  • 4 Reasons Corning Is A Buy [View article]
    That's why it's cheap. A little to overblown though. If you're in it for the long term (3-5 years), you'll do well with this stock.
    Jan 24 03:29 PM | Likes Like |Link to Comment
  • Why You Shouldn't Always Trust Financial Websites' Numbers [View article]
    I noticed the 12 P/E recently and was surprised to see Coke at such a low multiple. Then I saw your article... thanks, saved me some time.
    Dec 30 10:57 AM | 3 Likes Like |Link to Comment
  • Microsoft: A Strong Buy [View article]
    Lou, it's by no means a sure thing. That is my point. This article suggests that not only is the success of xbox platform a sure thing, but it's "the future" and will be the leader in this area. They have a lot of competition that has shown a much better ability to make products the consumers want.

    Like I said, maybe they can be a significant player but that's no sure thing. I think the stock is undervalued. I just don't agree with the points made in this article.
    Nov 25 02:04 PM | Likes Like |Link to Comment
  • Microsoft: A Strong Buy [View article]
    I agree that MSFT is undervalued and the negative sentiment is slightly overblown. It's a solid company with a great balance sheet, dividend and it's cheap. Claiming that it's the future of TV, search and mobile is just ridiculous. A player in these areas... Maybe, but the future? Come on.

    The reason people are so frustrated with MSFT is their inability to allocate their massive cash flows (Balmer). If they can show leadership knows how to accomplish this you may indeed see a nice gain in stock price. However Microsoft will never "skyrocket"... they have a market cap of $200B. Also their bread and butter is office, which is becoming less relevant. Xbox, mobile and bing are a very small % of MSFT business. Google has over 60% share of search... How exactly are they going to be the future?

    I own MSFT and I think it's cheap, but your claims are over-hyped opinions based on no facts or reasoning.
    Nov 25 10:46 AM | 7 Likes Like |Link to Comment
COMMENTS STATS
19 Comments
26 Likes