Seeking Alpha

Matthew Lewis

 
View as an RSS Feed
View Matthew Lewis' Comments BY TICKER:
Latest  |  Highest rated
  • Buffett Erred In Buying IBM, Should Have Bought Xerox Or HP [View article]
    Buffett looks far deeper into his investments than you give him credit for. As others have said he looks at management, balance sheet, and most importantly durable competitive advantages.

    Buffett disclosed his IBM buy on 11/14/2011. Since that date

    HPQ -30%
    XRX -12%
    IBM +6%

    HPQ and XRX have some catching up to do before Buffett will be "wrong".
    Jul 19 12:55 PM | 6 Likes Like |Link to Comment
  • Sorry Mr. Chanos, But HP Is Not A Value Trap [View article]
    Great article. I've been trying to do more research on HPQ to decide to buy or not, as it looks undervalued. I'd love to see them take all that income and just buyback loads of stock down here.
    Jul 18 09:47 PM | 1 Like Like |Link to Comment
  • Shocking statistic of the day: The six heirs to the Wal-Mart (WMT +0.1%) fortune are as wealthy as the bottom 41.5% of U.S. families combined, according to analysis from the Economic Policy Institute. The Walton clan, known for speaking soft and carrying a big stick, are also trending higher at a faster pace than the masses with Wal-Mart on a resilient 22% YTD run. (Previous: WMT, investment or deflation hedge?[View news story]
    Many people truly don't understand how much Wal-Mart actual saves the typical low income consumer.
    Jul 18 12:08 PM | 4 Likes Like |Link to Comment
  • Shocking statistic of the day: The six heirs to the Wal-Mart (WMT +0.1%) fortune are as wealthy as the bottom 41.5% of U.S. families combined, according to analysis from the Economic Policy Institute. The Walton clan, known for speaking soft and carrying a big stick, are also trending higher at a faster pace than the masses with Wal-Mart on a resilient 22% YTD run. (Previous: WMT, investment or deflation hedge?[View news story]
    Wal-Mart employees are paid the market rate for their services. If they are truly underpaid they can take their labor somewhere else and get more money/benefits. The Walton's aren't the only ones that own shares of the company, it is my largest holding and the money they make goes into my pocket as well.

    I'm not okay with the current economic status. But I'm not naive enough to believe its due to outsourcing and evil empire known as Wal-Mart.
    Jul 18 11:58 AM | 4 Likes Like |Link to Comment
  • Shocking statistic of the day: The six heirs to the Wal-Mart (WMT +0.1%) fortune are as wealthy as the bottom 41.5% of U.S. families combined, according to analysis from the Economic Policy Institute. The Walton clan, known for speaking soft and carrying a big stick, are also trending higher at a faster pace than the masses with Wal-Mart on a resilient 22% YTD run. (Previous: WMT, investment or deflation hedge?[View news story]
    Does America really want jobs where people are putting together crappy materials on an assembly line? Honestly, I dream for an America where people have better jobs than that. Leave that work to the countries that can do it cheaper than we can.

    Your statement assumes that the economy as a whole would be better off if Wal-Mart bought from America. Buying from America would certainly create some jobs, but the gain from the job creation would be far outweighed by the loss in dollars from the consumers/business pockets by paying a higher price. David Ricardo talked about this....I suggest some of his readings to you.
    Jul 18 11:37 AM | 1 Like Like |Link to Comment
  • Nokia (NOK) slashes the price of its flagship Lumia 900 phone by half in the U.S., barely a quarter after its introduction - though it's not clear whether Nokia or partner AT&T (T) will take the bigger hit. Quick price drops aren't unprecedented, but NOK (with market cap now down more than 95% from its tech-boom peak) is under scrutiny after a lackluster Lumia rollout.  [View news story]
    If you can't tell the difference in margins between the price of the original Iphone and the new Nokia phone then I don't know what to tell you. It's Apples to Oranges. Apple was still minting money after the price cut of the original Iphone, are you confident Nokia is doing the same? I'm not.

    The original Iphone was ridiculously overpriced...no doubt about it. And in the past 5 years Apple hasn't fumbled in its efforts vis a vis competitors.
    Jul 16 09:15 AM | Likes Like |Link to Comment
  • Nokia (NOK) slashes the price of its flagship Lumia 900 phone by half in the U.S., barely a quarter after its introduction - though it's not clear whether Nokia or partner AT&T (T) will take the bigger hit. Quick price drops aren't unprecedented, but NOK (with market cap now down more than 95% from its tech-boom peak) is under scrutiny after a lackluster Lumia rollout.  [View news story]
    I think most rational folk knew that I implied "recently". I'm sure you could go back to the 80's and 90's and find many instances where Apple dropped prices soon after product launches. I'm not sure how a price drop on the original Iphone half a decade ago is relevant to the conversation today.
    Jul 16 08:50 AM | Likes Like |Link to Comment
  • Nokia (NOK) slashes the price of its flagship Lumia 900 phone by half in the U.S., barely a quarter after its introduction - though it's not clear whether Nokia or partner AT&T (T) will take the bigger hit. Quick price drops aren't unprecedented, but NOK (with market cap now down more than 95% from its tech-boom peak) is under scrutiny after a lackluster Lumia rollout.  [View news story]
    2007? You sure you couldn't pull up something from the late 90's too?
    Jul 16 08:39 AM | 1 Like Like |Link to Comment
  • 6 High Yield Companies That May Cut Dividends Soon [View article]
    Horrible research done on HGT. The author did almost no research on this article and I'm ashamed that SA published it.
    Jul 16 01:29 AM | Likes Like |Link to Comment
  • Get Ready For The Trading Rebound In Supervalu Shares [View article]
    Your earnings estimates from Yahoo are not updated since the abomination that was Q1. $0.85 per share will come down significantly when analysts have time to update their EPS models and Yahoo updates the consensus estimates.
    Jul 16 01:23 AM | 1 Like Like |Link to Comment
  • Nokia (NOK) slashes the price of its flagship Lumia 900 phone by half in the U.S., barely a quarter after its introduction - though it's not clear whether Nokia or partner AT&T (T) will take the bigger hit. Quick price drops aren't unprecedented, but NOK (with market cap now down more than 95% from its tech-boom peak) is under scrutiny after a lackluster Lumia rollout.  [View news story]
    Apple does not drop prices 1 quarter into a product launch.
    Jul 15 07:03 PM | 3 Likes Like |Link to Comment
  • How JPMorgan Just Lost A Huge Source Of Profits, Now A Terrible Investment [View article]
    Interesting article...but I'm not sure I understand the conclusion.

    "First of all, these institutions are starved for revenue growth and are willing to take exceptional risks to achieve it. Second, they may now be forced to scale down risk-taking in response to JPMorgan's regulatory spotlight, further harming bottom lines."

    These two points directly contradict each other. Are they going to be able to take on more risk or not? Your article seems to indicate you detest the types of risk JPM and others take as being bad for shareholders, yet you state a forced decrease in risk taking will "hurt the bottom line".
    Jul 14 07:16 PM | 3 Likes Like |Link to Comment
  • Corning: A Cheap Stock That Is Likely To Get Cheaper [View article]
    Love Corning, but Bahranidds is right. You own it if you believe in the LCD business, because that is where they make their money. There is no reason to believe things like willow glass, gorilla glass, telecom, and biology will be huge earnings drivers going forward. They simply don't make much money off those businesses, and I have no idea if they ever will.

    However, they are the low cost producer in the LCD space, and they are working to diversify their earnings. With Corning's ability to produce cash there is no way their stock stays below book value over the long term. LCD earnings are down, but they are stabilizing and even more pricing cuts would simply drive some of the competition out of business. The buybacks will eventually lower the share count and drive up the stock price. My target is $20+ over the next 5 years.
    Jul 14 12:28 PM | Likes Like |Link to Comment
  • Corning: A Cheap Stock That Is Likely To Get Cheaper [View article]
    You only risk going insolvent if you borrow money. Smart investors don't.
    Jul 12 10:04 PM | 3 Likes Like |Link to Comment
  • Corning: A Cheap Stock That Is Likely To Get Cheaper [View article]
    Is there any reason to believe the market hasn't priced this all in already? As the first poster said these are all brutally obvious observations. The market knows how much business Corning does in Europe, and the market knows what the Euro/dollar exchange rate is.
    Jul 12 07:01 PM | 2 Likes Like |Link to Comment
COMMENTS STATS
317 Comments
323 Likes