Seeking Alpha
View as an RSS Feed

Spencer Knight  

View Spencer Knight's Comments BY TICKER:
Latest  |  Highest rated
  • Stocks plunge after Fed announces stimulus steps [View article]
    From an unbiased source that has never invested in HAL, I see a problem with the growth %s. Projected earnings growth of 16.5% over the next 5 years should be a caution flag coming down from 50-60% the past couple of years. It will be difficult for the stock to continue to move upwards if the earnings growth falters that much. Not to mention it raises the likelihood of earnings misses.

    On the other hand HAL may have an easy 5% run within a week. PPO tends to follow that trend of big losses then quick reversals for no reason at all.
    Sep 21, 2011. 10:44 PM | 1 Like Like |Link to Comment
  • Stock index futures are solidly lower in early trade Sunday night. S&P 500 -1.4%, German DAX -1.1%, FTSE 100 -1.1%. In Monday morning trade in Asia: Australia -1.3%, Hong Kong -1.4%. Japan closed. The euro -1% vs. the dollar at $1.3658.  [View news story]
    The futures data isn't that bad. The U.S. markets shouldn't make any huge moves until the Fed speaks later this week. I'm loving the proposed tax hikes. It's time for the rich who commit tax fraud every year to start paying a bit more!
    Sep 19, 2011. 03:31 AM | Likes Like |Link to Comment
  • "Once monetary policy starts to be used, there will always appear to be reasons to suggest it should continue to be used," says the ECB's (and Germany's) Jens Weidmann, warning against "throw(ing) out all established rules of monetary policy by citing a general emergency." The Fed talked a tough game too for awhile in 2007, but when things get bad enough...  [View news story]
    From what I've noticed over tha past few years is politicians and monetary policymakers tend to just address the short term problem. We need an innovator that looks at the long term (7-10 years) and not the next 2-4 years. It appears most policies just address the current issue. Greece is the perfect example of this getting bailouts like it's Halloween candy. Also the United States may arguably fall into this category but it will a year or two to make any conclusions.
    Sep 17, 2011. 04:42 PM | 4 Likes Like |Link to Comment
  • MicroMax. Spice. Tianyu. Those are a few of the hundreds of unknown small cell phone makers that sell more units than Apple, LG and Samsung combined - 153M phones - across the developing world. It's a wild, fragmented market where any number of today's tiny companies could be tomorrow's giants.  [View news story]
    As the article said the price and durability of these phones are most likely lacking. I don't know the details of these products but it wouldn't surprise me if they don't last very long. Maybe someone knows the exact details? But if it only costs $10-$20/ phone then it's not really a big deal because you just buy a new one. Maybe even buy 5-6 phones a year to pad the units sold data.

    AAPL has taken off because they charge an insane amount per phone. They make nearly 100% profit per phone as it only costs one penny to make it! For those who didn't get it that was a joke, but the point is the same.
    Sep 16, 2011. 06:37 PM | Likes Like |Link to Comment
  • With Research In Motion (RIMM -19%) near its 52-week low after a weak FQ2 report and multiple downgrades, investors can expect calls for the company to put itself on sale to pick up. $5+/share in earnings and a strong patent portfolio lead some analysts to think RIM could fetch a healthy premium ... assuming management is willing to sell.  [View news story]
    Those analysts must hold RIMM shares. The company is nearly only a patent portfolio since the products are not being bought by consumers. The Blackberry revolution is nearly over. RIMM needs to innovate or expect continued slow to no growth. This is not simply a "rough patch."
    Sep 16, 2011. 05:48 PM | Likes Like |Link to Comment
  • Market recap: Short covering? Whatever the reason, stocks capped a clean sweep for the week and Nasdaq's best week in two years, overcoming weakness in bank stocks and worries about European debt and U.S. consumer sentiment. Gold bounced back above $1,800, crude oil slipped, Treasurys rose a bit. NYSE advancers led decliners seven to six.  [View news story]
    Gold's continued rise seems like a yellow light to me. I can't put my finger on it though. Keep in mind this is the yellow light after the green light...
    Sep 16, 2011. 05:02 PM | Likes Like |Link to Comment
  • Piper's Mike Olson is reiterating an Overweight on Netflix (NFLX -8.3%), but is cutting his PT, and predicting churn will remain relatively high for a while. Olson also thinks concerns about churn will weigh on shares over the near-term. On a more positive note, Cablevision's (CVC) COO says he's interested in selling Netflix's service to cable subscribers. (previously)  [View news story]
    NFLX should flounder around a while. Without the growth expectations the stock should have no reason to make any sustained upward moves.
    Sep 16, 2011. 02:20 PM | Likes Like |Link to Comment
  • A big drop in air cargo is yet another indicator that the economy remains weak and may be moving toward recession. Cargo shipments by passenger carriers UAL, DAL and AMR have plunged; while cargo is less than 4% of sales at the big U.S. airlines, their monthly reports offer more-timely readings on global air freight than quarterly results from FDX and UPS.  [View news story]
    "United’s 2011 cargo results have been hamstrung by a limited ability to reposition aircraft while awaiting regulatory clearance to run its United Airlines and Continental Airlines units as a single carrier after their 2010 merger, said Mike Trevino, a spokesman for the Chicago-based company."

    The article did mention the regulatory issues as you can see above. It was down the page a bit. And if UAL is having problems I would imagine other carriers would pick up the slack if cargo levels are the same.
    Sep 15, 2011. 06:33 PM | 2 Likes Like |Link to Comment
  • Uncomfortable parallels for banks from Floyd Norris: Indexes of financials are down about as much this year as they were at this point in 2008 - right before Lehman Brothers collapsed and the stocks tanked further (chart).  [View news story]
    Great points Kash. First thing that comes to my mind when I think about things pushed under the rug is the debt limit increase with no real plan to decrease spending. Eventually the country will need to face that issue head on and it will not end well.
    Sep 10, 2011. 08:48 PM | 1 Like Like |Link to Comment
  • With the volatility of August behind us, September might not be so bad for stocks, observes Abby Cohen. Geopolitical factors prompted economists to revise estimates earlier than usual, but all the news isn't so bad. She notes improvement in private-sector hiring, strong durable goods orders and healthy corporate balance sheets, and reiterates her forecast for the S&P 500 reaching 1450 by the end of 2011.  [View news story]
    I did not watch the interview yet but I will watch it in a couple hours, but if Mr. Armistead is correct and she said 1450 within 12 months I do not see anything wrong with that. I am still cautious of which direction the market can go and it would not surprise me to see another 3-6% drop in the overall indexes in September.
    Aug 31, 2011. 07:19 PM | Likes Like |Link to Comment
  • 3 Biotech Stocks With Upcoming PDUFA Dates to Buy [View article]
    The UK may decide on Iluvien's MAA prior to the FDA's decision. Should be a good indicator as how the FDA will rule.
    Aug 31, 2011. 04:55 PM | Likes Like |Link to Comment
  • Salesforce.com (CRM +3.9%) CEO Mark Benioff isn't shying away from controversy during his keynote at Salesforce's Dreamforce conference. Benioff bashes Oracle's (ORCL) cloud software as a "false cloud;" mocks Microsoft's (MSFT) mobile efforts; and compares traditional, non-cloud software to falling Arab dictators. (previously)  [View news story]
    I may take a long position in CRM just because Benioff has the personality of a leader who isn't afraid to speak his mind. Too bad our politicians aren't like that...
    Aug 31, 2011. 02:39 PM | Likes Like |Link to Comment
  • August ADP Jobs Report: +91K vs. +100K expected and +109K prior (revised from +114K). The data "suggests that the trend in employment moderated somewhat in August at a pace below what would be consistent with a stable unemployment rate."  [View news story]
    I hope we get another round of QE. That way we can fall into a double dip recession, the stock market can tank and I can buy AAPL at 200, CAT at 25, F at 2, and BAC at 0.75.
    Aug 31, 2011. 02:38 PM | Likes Like |Link to Comment
  • According to terms of their merger contract, AT&T (T) may be obligated to pay T-Mobile parent Deutsche Telekom (DTEGY.PK) $3B in cash if the deal is spiked “because of the failure to obtain regulatory approval." AT&T also may be forced to enter into a roaming deal on “terms favorable to both parties” and transfer some wireless spectrum, givebacks valued at another $3B.  [View news story]
    Smart move by Deutsche lawyers. They may have seen the deal was probably going to get struck down so they can make a quick $3 billion...
    Aug 31, 2011. 02:29 PM | Likes Like |Link to Comment
  • Fusion-io (FIO), a maker of flash memory subsystems for servers, is up 9.3% on the day. The company could be getting a lift from the announcement of a new product meant for use in servers running virtualization software, the fruits of Fusion-io's recent acquisition of IO Turbine.  [View news story]
    Maybe a VMW or EMC target? May cause regulatory issues but they can decide later.
    Aug 30, 2011. 04:04 PM | Likes Like |Link to Comment
COMMENTS STATS
417 Comments
353 Likes