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Kofi Bofah  

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  • The Web 2.0 Bubble: Prepare For Collapse [View article]
    I agree with you. I think that - we are obviously in a stock-picker's market. I am not certain - if these Web 2.0 stocks will collapse in a flash - but I would avoid them because there is the high chance that they will trend towards zero. I do not advocate going short - because stocks can be very irrational for long stretches of time. And whenever new technologies hit the market - there will be winners and losers. Right now, it's tough for us to say, who will survive. One thing that we must remember - is that the retail investor has been largely absent from this market. Because of that, maybe the volatility will be less pronounced.
    Apr 19, 2012. 03:09 PM | 1 Like Like |Link to Comment
  • The Web 2.0 Bubble: Prepare For Collapse [View article]
    Yeah. I need to fix that. I always thought about that. I wrote it so long ago. That's not even how I talk. I toned down my writing style over the years - to sound more straightforward.
    Apr 19, 2012. 02:55 PM | Likes Like |Link to Comment
  • The Web 2.0 Bubble: Prepare For Collapse [View article]
    I do not think that AAPL is overvalued - because I know that it trades for the same P/E as Proctor & Gamble. I do, however, think that a lot of these other Web 2.0 stocks are overvalued. AAPL is a good company. But, there is a chance that its stock could also be taken down, if Web 2.0 shares collapse. We all know that investors panic en masse. Even Altria would sell off in a melt down. There is always that risk of a Black Swan event.
    Apr 19, 2012. 02:35 PM | Likes Like |Link to Comment
  • The Web 2.0 Bubble: Prepare For Collapse [View article]
    Yes, I agree with you on Apple. I even wrote an article about it:

    http://seekingalpha.co...

    I think that there is the risk - that AAPL shares could get taken down - if there is chaos in financial markets - especially in the tech sector. I think that if APPL breaks down - it will be a good opportunity for investors to pile in. Right now, I do not hold AAPL, but I used to. AAPL shares have good value.

    Sorry for the mix-up.
    Apr 19, 2012. 02:32 PM | Likes Like |Link to Comment
  • The Web 2.0 Bubble: Prepare For Collapse [View article]
    Unless, somebody calls me an idiot, we must not be at a "top." The "top" is either long gone and we are already in a slow grind to the bottom - or we will get an intermediate rally (speculation, short squeeze, repeat) - before the inevitable collapse to zero. The market has been soft over the past week - so maybe the bulls are scared to make noise. People, obviously, have not yet thrown in the towel, because these things are still sporting obscene valuations. Somebody, somewhere believes in Web 2.0.
    Apr 19, 2012. 02:13 PM | 1 Like Like |Link to Comment
  • Best Buy Stock Analysis: Sell This Dinosaur [View article]
    You are right on the points that you bring up. I am a conservative investor, by nature. So, I don't really want to step up and play hero, and take on BBY at 9x earnings. The stock is "cheap," but it needs growth to perform. Again, investors who buy into stocks showing stagnant profits - should just put their money into utilities or consumer staples, collect dividends, and walk away. To justify an investment in BBY - there must be a catalyst for growth. And I think that in BBYs case, that growth would have to come from a new product cycle in big-ticket items alongside improvements in real estate and the jobs outlook. Meanwhile, these municipal governments must also get the sales tax issue (highly unpopular and politicians would risk re-election) in order. So, everything would have to go RIGHT, for shares of BBY to appreciate significantly. I mean, anything is possible, but I am not willing to take on these risks.
    Apr 16, 2012. 03:20 PM | Likes Like |Link to Comment
  • Best Buy Stock Analysis: Sell This Dinosaur [View article]
    Yes, me myself, I actually prefer to walk into the store and make purchases. And it is hard for me to come down on Best Buy - because I literally grew up with the company. But the thing is - I am not everybody else. I know that you all will fight to the end - as hard as you can - but this whole Internet is decimating bricks and mortar retailing. American demographics are also becoming more compact - because of these high gas prices and the last real estate boom, which made people return back to city life (instead of suburban sprawl). Best Buy will need to become more sleek (less Big Box warehouse / showroom) and find a way to better integrate its web / physical presence. Meanwhile, Best Buy must also hope that another wave of innovation hits the marketplace. Right now - nobody knows what the next generation of video games, phones, computers, and televisions will look like. As I said before - I am not necessarily condemning BBY. I just think that we are in a challenging economic environment. The real estate/employment market must improve - before people can feel comfortable shopping at BBY for big-ticket items (BBY will eat AMZNs lunch on big-ticket items that require customized salesmanship) - and generate growth. For various reasons, I don't see the overall economy gaining real traction any time soon. And there is the risk - of a total change in consumer culture. In the 80s - 90s - it was "cool" to showboat and live it up in your McMansion. These days - even people who have the means - are beginning to embrace thrift. And deep down, I actually hope that I am wrong, because the consumer is so important to the U.S. economy. It's just that, when it comes to investing money, I am forced to embrace cold, hard numbers. And in this market - there are other companies that have strong profits - that are less risky than BBY.
    Apr 16, 2012. 03:11 PM | Likes Like |Link to Comment
  • Best Buy Stock Analysis: Sell This Dinosaur [View article]
    I did write this article in my office - on an iMac. I was listening to Jay-Z through my iPhone - on my Bose dock. I was eating fries and drinking a Coke. I don't drink coffee. Apple makes good products. But, besides that I am the opposite of a hipster. If people who knew me read your comments - they would fall out on the floor laughing. Because I am over here laughing. Limp wrist? I bench press 315.
    Apr 16, 2012. 12:45 PM | 1 Like Like |Link to Comment
  • Best Buy Stock Analysis: Sell This Dinosaur [View article]
    Ha! You are hilarious. Trust me. I am the exact opposite of a hipster.
    Apr 16, 2012. 12:39 PM | Likes Like |Link to Comment
  • Best Buy Stock Analysis: Sell This Dinosaur [View article]
    We will see how everything plays out. I just think very long term. And I am not terribly concerned with Amazon profits. I do think that Amazon is overvalued - as an investment. Do you know why I do not care about AMZN profits - as they pertain to this article? AMZN seems to be hellbent on underselling the competition. What is going to happen to Best Buy over the long term - if AMZN basically continues to "dump" goods on the market - simply to increase its customer base? I don't mean to fear monger - but I do think that Best Buy is fighting a losing war on multiple fronts. And right now - there are very few stocks that I actually like - because of the prevailing macroeconomic conditions. Today's market is all about consumer staples, commodities, and Apple stock. The case could be made - that everything else is a strong sell. Lastly, Best Buy can generate as many profits / cash if it wants. If the corporation - is not GROWING - then it will be hard to justify making the investment. You might as well buy a utility - and sit up there and eat dividends - for much less risk.
    Apr 16, 2012. 12:36 PM | Likes Like |Link to Comment
  • Groupon On The Road To Bankruptcy [View article]
    If your comments are gone (I haven't checked). That means - it was either a glitch - or the Seeking Alpha team removed them. And if the Seeking Alpha team removed them - they did it on their own.
    Apr 13, 2012. 12:00 PM | Likes Like |Link to Comment
  • Groupon On The Road To Bankruptcy [View article]
    I actually didn't take any comments out.
    Apr 13, 2012. 11:49 AM | Likes Like |Link to Comment
  • Facebook IPO Analysis: Thanks, But No Thanks [View article]
    We all need to take a step back and relax. There seems to be so much anger in this country now. Everybody wants to go on the attack. Maybe a lot of people just need a hug.
    Apr 12, 2012. 12:41 PM | 3 Likes Like |Link to Comment
  • Groupon On The Road To Bankruptcy [View article]
    Obviously, people will disagree with me. That is what makes a market. Groupon's business performance, and not any online article, is what will ultimately move its share price over the long-term. In the near-term - all stocks are volatile - and privy to swings in investor psychology. And if there were a panic - people who really believed in a particular stock could use the opportunity to load up on shares - on the cheap. Only time will prove - who is right.
    Apr 11, 2012. 05:11 PM | Likes Like |Link to Comment
  • Groupon On The Road To Bankruptcy [View article]
    I run a really concentrated portfolio. I load up on dips, kick my feet up on rallies, and chill out. You don't have to be big into tech to make money. Everybody has their own style. And what works for me - may not work for you. I just think that people make this whole stock market thing more complicated then it is. Maybe people are looking for excitement. I have been in stocks since age 18. I am 31 now. I could just sit up here on auto-pilot and dollar cost average into a handful of stocks that I really like - and dominate everybody. You people are hilarious.
    Apr 11, 2012. 03:39 PM | Likes Like |Link to Comment
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170 Comments
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