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The Ethical Investor

 
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  • George Soros's Healthcare Picks: 2 To Buy, 1 To Avoid [View article]
    To be clear, i do think that the deal with go through and will reduce costs for ESRX thereby potentially improving the return potential of ESRX stock. I will however wait to see the completion of the deal and the impact on earnings before revising the growth estimates for ESRX.
    Feb 24 02:02 PM | Likes Like |Link to Comment
  • George Soros's Healthcare Picks: 2 To Buy, 1 To Avoid [View article]
    TonyFu, thanks. My analysis actually assumes a failed merger. In the short term the stocks might take a hit if the merger fails, but in the long term, the two firms (individually or combined) have great prospects.
    Feb 24 01:56 PM | Likes Like |Link to Comment
  • Apple: 2 Steps To Boost Share Price [View article]
    I do know that and I do want the company to go to the shareholders asking their consent for the stock split.
    Feb 23 01:48 PM | Likes Like |Link to Comment
  • Identifying The Best Air Freight & Logistics Industry Stocks [View article]
    I agree completely with you. Its not an apples to apples comparison. The only reason for me to compare them is that I would probably not be looking to own more than 1 company from the industry and I was looking for the strongest company in the industry.
    Feb 20 01:17 PM | Likes Like |Link to Comment
  • Identifying The Best Air Freight & Logistics Industry Stocks [View article]
    Thank you for your comment. FDX's capital lease commitments for next 5 years total $165 million. You are right, I should have (and in the past) considered that as part of debt. However, since the d/e for FDX is low, the addition of $165 million does not have a material impact. Therefore, I did not add it while performing my analysis. For curiosity, I changed the d/e ratio to include the capital lease obligations, the d/e ratio increased to 11% and the fair valued decreased by $1 to $118. Although I agree that CAPM model has various shortcomings, in this case, I do feel that FDX and UPS should not have the same discount rate. As a person who prefers firms with very low levels of debt, I see FDX having a decisive advantage in this area and I would personally not be using the same discount rate. Of course, this is my personal opinion and I would totally understand it if you were to use the same cost of equity for both the firms.
    Feb 20 01:15 PM | 1 Like Like |Link to Comment
  • Analyzing David Einhorn's Stock Picks: 2 To Buy, 3 To Avoid [View article]
    The EPS estimates are calendar year 2012 estimates. They are not financial year estimates. The data was sourced from Yahoo Finance, Morningstar and S&P Equity Research. The numbers are a combination of consensus and my projected year over year growth rates.
    Feb 20 12:31 PM | Likes Like |Link to Comment
  • Analyzing David Einhorn's Stock Picks: 2 To Buy, 3 To Avoid [View article]
    You are right, I estimate that AAPL will be a trillion dollar company one day

    http://bit.ly/zxc9ci
    Feb 20 10:47 AM | Likes Like |Link to Comment
  • Polypore: Profiting From Axiom's Sell Rating [View article]
    I think its some profit taking. People who got in the mid 30s might be taking some profits here. I will look to add more if the stock falls to $35
    Feb 10 01:50 PM | Likes Like |Link to Comment
  • Apple: Future Trillion Dollar Company Trading At 46% Discount [View article]
    Please see my disclosure.
    Feb 8 12:42 PM | Likes Like |Link to Comment
  • Apple: Future Trillion Dollar Company Trading At 46% Discount [View article]
    Hey Kim,

    I started out writing about the prospect of AAPL being a 2T company. My DCF and RV model gave me a time horizon that was not to my liking. Dropped the idea and stuck with what the numbers told me over the near term. Felt that 1T was a very realistic valuation in the next 3 years if the company continued to outperform its rivals. Unless I see something different, I see no reason to believe otherwise.
    Feb 8 12:15 PM | 1 Like Like |Link to Comment
  • Apple: Future Trillion Dollar Company Trading At 46% Discount [View article]
    Any numbers to support your opinion?
    Feb 8 12:08 PM | Likes Like |Link to Comment
  • Polypore: Profiting From Axiom's Sell Rating [View article]
    HI Benjamin,

    My P/E estimate was actually based on a combination of my DCF analysis, and looking at the P/E ratios of PPO's peers. At the end of the day, the P/E ratio used is the industry average. If anything, I believe that PPO should be trading at a slight premium to its industry.
    Feb 7 06:19 PM | 1 Like Like |Link to Comment
  • Polypore: Profiting From Axiom's Sell Rating [View article]
    To be honest, I barely knew about the company till Axiom's call and the subsequent decline. I almost always study firms that fall off the cliff to see if there is a buying opportunity at these oversold levels. I was intrigued by the stock and decided to conduct my own research which led to me the company's investor call.
    Feb 6 05:17 PM | Likes Like |Link to Comment
  • Polypore: Profiting From Axiom's Sell Rating [View article]
    On a side note, I did open a position in PPO at $47 a share.
    Feb 6 03:42 PM | Likes Like |Link to Comment
  • Polypore: Profiting From Axiom's Sell Rating [View article]
    Please read my disclosure.
    Feb 6 03:09 PM | Likes Like |Link to Comment
COMMENTS STATS
106 Comments
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