Seeking Alpha

Michael Fu

 
View as an RSS Feed
View Michael Fu's Articles BY TICKER:
  • Tesla Needs To Capture 14% U.S. Market Share To Justify Valuation
    Thu, Apr. 3 TSLA 183 Comments

    Summary

    • 2014E U.S. Vehicles sales is 15.3 million units.
    • Tesla is currently expected to sell 35,000-40,000 units in 2014E (0.3% U.S. Market Share).
    • Average industry multiple of Market Cap per Unit is around $13,000 per unit.
    • Tesla would need to sell 2.1mm cars per year (14% U.S. market share), to justify current $28 billion market cap.
  • Wall Street Loves IBM Again
    Thu, Mar. 27 IBM 34 Comments

    Summary

    • IBM may be in favor again by Wall Street.
    • Consistent earnings growth (12%+) at an attractive price (12x P/E).
    • Service is 50% of profits: Sales flat, but Net Income and EPS keep growing due to this.
    • Shareholder-friendly, free cash flow returned to shareholders (share repurchase and dividends).
  • Qualcomm: Understanding The Risks Before You Buy
    Apr. 25, 2013 AAPL, SSNLF, QCOM 16 Comments
  • The Weekly Dow: 5 Highest-Profit Margin Stocks
    Apr. 24, 2013 AA, AAPL, AXP 5 Comments
  • 3 High-Risk, High-Reward Stocks
    Apr. 22, 2013 AA, GNW, HTCKF 5 Comments
  • The Weekly Dow: 5 Cheapest Price-to-Book Stocks
    Apr. 13, 2013 AA, AXP, BA 10 Comments
  • Is HTC A Better Rebound Play Than Nokia And BlackBerry?
    Apr. 12, 2013 AAPL, BBRY, NOK 30 Comments
  • The Weekly Dow: Top 5 Dividend Plays
    Apr. 4, 2013 AA, AXP, BA 9 Comments
  • Valuation Multiples Explained
    Apr. 2, 2013 AMZN, BRK.A, DUK 15 Comments
  • Early Warning Signs Of A Pullback
    Mar. 27, 2013 CAT, DIA, FDX 9 Comments
  • Intel: The Other Side Of The Coin
    Mar. 25, 2013 ARMH, TSM, INTC 56 Comments
  • Why Book Value Does Not Matter For Buffett's IBM Investment
    Mar. 11, 2013 BRK.A, IBM, BRK.B 18 Comments
  • Accounting Lessons From Corning
    Mar. 6, 2013 BRK.A, SSNLF, DOW 37 Comments
  • Companies With Economic Moats For The Next Stock Market Pullback
    Feb. 4, 2013 AAPL, CSX, FB 7 Comments
  • Lessons Learned From An Apple Bull
    Editors' Pick • Jan. 25, 2013 AAPL 207 Comments
  • Projecting Apple's Earnings Results Based On iPhone And iPad Units Sold
    Jan. 22, 2013 AAPL 20 Comments
  • Reviewing The Mobile Revenue Of Major Internet Companies
    Jan. 18, 2013 FB, EBAY, P 7 Comments
  • Is Inorganic Growth What's Really Driving Amazon's Sales?
    Jan. 16, 2013 AMZN 13 Comments
  • Qihoo Vs. Baidu, Which Is The Better Play For China's Online Search?
    Jan. 15, 2013 BIDU, QIHU 31 Comments
  • 2012 Global Handset Market Share Analysis
    Jan. 11, 2013 GOOG, HTCKF, NOK 25 Comments
  • Could Yum's China Profits Fall 13% Due To Operating Leverage?
    Jan. 9, 2013 BKW, CMG, MCD 12 Comments
  • The Cyclical And Secular Risks Of The PC Industry
    Jan. 8, 2013 DELL, INTC, ARMH 11 Comments
  • 5 Stocks Trading Below Book Value
    Jan. 4, 2013 HES, GLW, ALU 7 Comments
  • Is Amazon A Buy Or Sell In 2013?
    Jan. 2, 2013 AAPL, CRM, RAX 49 Comments
  • Corning: A Rebound Play With A 2.6% Dividend Yield
    Dec. 31, 2012 SSNLF, GLW 11 Comments
  • 5 Dividend Stocks For 2013
    Dec. 27, 2012 DUK, DLR, COP 11 Comments
  • The U.S. Debt Crisis Explained In Layman's Terms
    Dec. 26, 2012 38 Comments
  • Is Motorola Mobility Acquisition Sinking Google?
    Dec. 19, 2012 GOOG 10 Comments
  • Apple: Gross Margin Conundrum Explained
    Dec. 18, 2012 AAPL 135 Comments
  • McDonald's: 8-9% Total Return A Year
    Dec. 14, 2012 BKW, DNKN, KKD 18 Comments
  • Can Facebook Be Considered A Value Play?
    Dec. 14, 2012 FB 11 Comments
  • Apple: Value Play Or Value Trap?
    Dec. 7, 2012 AAPL 77 Comments