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Manjunath Sharma, CFA  

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  • Williams-Sonoma sinks 6% on weak earnings outlook for Q3, full year [View news story]
    Risky to own with slightly higher inventory on its books now. Sales growth is tepid.
    Aug 27, 2015. 01:50 PM | Likes Like |Link to Comment
  • Deere - Poor Quarter, Justified Sell-Off, Long-Term Opportunity [View article]
    Fernando's reply is adequate. For value investors PE ratios and forward PE become important. If forward PE is higher than current PE (keeping P same, numerator constant), then it implies that E (next yr earnings) is coming down. check yahoo finance estimates, next year earnings for DE is lower than this year (fiscal year). So, I am not comfortable buying this equity is what I was trying to convey. Timothy Vick's book (2 of them) is a very good book in addition to any finance professor website (see Damodaran or Penman etc).
    Aug 27, 2015. 01:23 PM | Likes Like |Link to Comment
  • Deere - Poor Quarter, Justified Sell-Off, Long-Term Opportunity [View article]
    DE (Deere) Estimates are too high. This stock (NYSE:DE) is richly valued at $90 (or even at $81). My valuation suggests that it can make new lows sooner or later. Sooner or later equity market price will touch 52 week low. TTM PE is 11.52, and forward PE is 16.38. Not buying at these levels. Next year estimates are still too high.

    http://bit.ly/1WQyMZW
    Aug 25, 2015. 01:25 PM | Likes Like |Link to Comment
  • Gilead's Pipeline, Part 3, With Summary Comments [View article]
    buying GILD at $88 is a steal. looks like a great trade...
    Aug 24, 2015. 03:35 PM | 2 Likes Like |Link to Comment
  • Deere dips after cutting guidance [View news story]
    Sooner or later this will touch 52 week low. TTM PE is 11.52, and forward PE is 16.38. Not buying at these levels. Next year estimates are still too high.
    Aug 21, 2015. 11:23 AM | Likes Like |Link to Comment
  • U.S. Silica Q2 Earnings Review; It's The (Implied) Guidance, Stupid [View article]
    Thanks for good info Sarfaraz ji. Too risky to go long and hope for a recovery. See this.
    http://seekingalpha.co...
    Jul 31, 2015. 10:47 AM | Likes Like |Link to Comment
  • Ceramic Proppant Is Going To Zero [View article]
    Is the author deliberately leaving out -company debt, company's ability to change business model, equity valuation range etc. ? the company could change its business model, obviously all C-suite execs know the trend for at least 9 months now.
    Jul 29, 2015. 05:00 PM | Likes Like |Link to Comment
  • U.S. Silica beats by $0.01, misses on revenue [View news story]
    volumes are not increasing.

    " Overall tons sold totaled 2.3 million, down 13% compared with 2.6 million tons sold in the second quarter of 2014 and a decrease of 15% sequentially from the first quarter of 2015. Contribution margin for the quarter was $32.8 million, down 56% compared with $74.7 million in the same period of the prior year and a decrease of 52% sequentially from the first quarter of 2015. "
    Jul 29, 2015. 04:23 PM | 1 Like Like |Link to Comment
  • Estimating Cash Flow Neutrality Level For Bonanza Creek Energy [View article]
    A question. So, to get cash flow close to zero (or $344,250 or 344K), oil needs to trade at $69? This number for cash flow is obtained using some excel function (goal seek) and solving for oil price?
    Thanks in advance !
    Jul 29, 2015. 12:39 PM | Likes Like |Link to Comment
  • Michael Kors: Wait For A Shift In Momentum [View article]
    I bought at $46 and I am holding it simply due to low valuation. The only way I can value this stock at $38 or $39 (current market price of equity) is to assume that market knows something that I do not know or understand. It appears that market is pricing a scenario in which 2017 earnings will be lot lower than 2016 earnings. (month of year fiscal yr is not December for KORS). Let's see. Cannot time every buy or sell.
    Jul 24, 2015. 04:02 PM | 2 Likes Like |Link to Comment
  • What Everyone Is Missing About IBM [View article]
    It is money parked (invested) that can become useless tinsel -if equity price declines more than dividend yield dollars earned. Depends on entry point.
    Jul 23, 2015. 12:57 PM | 1 Like Like |Link to Comment
  • What Everyone Is Missing About IBM [View article]
    Barron's had an interesting article "A Cautious Case for IBM". Based on market price o IBM, market is expecting next year's earnings to be less than $15.88. EPS rates are too optimistic. Even if IBM reinvent's the business model (some parts of IBM), they may need to invest, take charges, restructure -these things will put a dent into short term earnings. I can put my money to better use, rather than lock up my money here in IBM that could be parked like useless tinsel for years.
    Jul 23, 2015. 11:43 AM | 1 Like Like |Link to Comment
  • Bonanza Creek: A Survivor Of The Oil Price Downturn [View article]
    Energy Value, thanks for your comments and research on this name, great many details. IMHO, this is not a "value" stock.
    Jul 23, 2015. 11:16 AM | Likes Like |Link to Comment
  • Union Pacific beats by $0.03, misses on revenue [View news story]
    I will potentially buy UNP, if stock crosses $87 or below (based on my valuation).
    Jul 23, 2015. 10:17 AM | 3 Likes Like |Link to Comment
  • Bonanza Creek: A Survivor Of The Oil Price Downturn [View article]
    As I wrote before, the risk for individual investors is too high to go long in BCEI. Downward sprial, falling revenues, pay the suppliers, high debt - too many risks.
    Jul 22, 2015. 12:23 PM | Likes Like |Link to Comment
COMMENTS STATS
81 Comments
64 Likes