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Latest comments  |  Highest rated
  • Amazon.com's Bezos Continues To Create Long-Term Value [View article]
    Dear readers,

    I have been in discussion with Eli and requested the following corrections:
    1. I cannot prove factual evidence in Amazon's report indicating that 3P actually provides a boost to the bottom line. As such this will be removed.
    2. I made the claim that Amazon's share price jumped as a result of 3P guiding the company towards short term profitability. This has now been changed into long term profitability.
    I agree that Amazon is not providing a lot of information on many of these interesting topics which is a shame. Despite disagreements we have had in this discussion I hope that I can have fruitful, cooperative discussions with all of you in the future.
    Robert
    Jul 29 05:55 PM | 2 Likes Like |Link to Comment
  • Amazon.com's Bezos Continues To Create Long-Term Value [View article]
    That is not what I am saying.

    I say that Amazon trades at 1.7 times annual revenues while posting significant revenue growth. While a clear assumption in my long proposition is that is successfully manages to report significant earnings.

    An example of the fact that the company is boosting its investment is the following parts of its report. For the first half of 2012: fulfillment costs rose from $1.8 billion to $2.6 billion. Marketing costs rose from $667 million to little over $1.0 billion and technology costs from $1.3 billion to $2.0 billion.
    As such fulfillment, marketing and technology costs rose from $3.7 billion to $5.7 billion, up 52% on the year, outpassing revenue growth of 32%. If costs would have risen by a similar 32%, operating profits for the first half of 2012 would have been $700 million higher. This would have boosted operating profits to $1.0 billion for the first half of 2012.
    Jul 29 03:39 PM | 2 Likes Like |Link to Comment
  • Deere - Executing In A Tough Environment, Through The Cycle Appeal Remains [View article]
    $465mn is peanuts, already spent on buybacks.
    Aug 18 04:12 PM | 1 Like Like |Link to Comment
  • AMD: Sell-Off Is Warranted As AMD Disappoints So Early In The Recovery Cycle [View article]
    Don't fall in love with a story, but don't focus on the digits behind the dot as well in price-earnings ratios, especially if they are that high.
    Aug 14 09:11 AM | 1 Like Like |Link to Comment
  • Deere - Executing In A Tough Environment, Through The Cycle Appeal Remains [View article]
    Hold on to it then!
    Aug 13 03:51 PM | 1 Like Like |Link to Comment
  • Goldman Sachs - Strong Results By This Well-Managed Banking Franchise [View article]
    Long time ago this article.

    PE's are lagging given the structural headwinds for the industry including regulation, higher capital ratios limiting the return on equity and the valuation through the cycle (potential for a bad year wiping out year's of cumulative earnings).
    Aug 13 03:20 PM | 1 Like Like |Link to Comment
  • Exxon Mobil - Correction Warranted As The Underlying Trends Are Not So Favorable [View article]
    What happens if oil prices remain stagnant and at much lower levels.

    I am trying to say that worries about production over the past few years have been ¨masked¨ by high and increasing oil prices. When prices are falling and are at much lower levels, so when some properties become less economical or even uneconomical at that point in time, it will be a key differentiator for energy investors.
    Aug 1 02:26 PM | 1 Like Like |Link to Comment
  • Union Pacific Corporation - Steady As She Goes, Buy On Dips [View article]
    To add even more as you are setting on too much of it;)
    Jul 27 11:01 AM | 1 Like Like |Link to Comment
  • Starbucks - Investors Take Profits After A Cautious 2015 Outlook [View article]
    They have close to 14k stores in the US, so that would be a store for every 20-25k people. So about 40-50 times a densely operated compared to China.
    Jul 26 11:25 AM | 1 Like Like |Link to Comment
  • Market Ignores AbbVie's Impressive Sales Due To Reliance On Humira [View article]
    Well, Shire only generated adjusted earnings of $1.4 billion orso on a +$50bn deal tag.

    That makes the deal dilutive for starters while the anticipated $1 accretion with 2.1bn shares calls for additional earnings of $2.1 billion on top of the dilution from acquiring a less profitable company.

    Part of the expected accretion indeed is taxes, but most is from anticipated cost savings and the future pipeline development.
    But I see your point. I find the assumption of $1 accretion very aggressive as well.
    Jul 26 11:19 AM | 1 Like Like |Link to Comment
  • Qualcomm: China Problem A Buying Opportunity? [View article]
    Good luck, so did I
    Jul 26 02:18 AM | 1 Like Like |Link to Comment
  • Starbucks - Investors Take Profits After A Cautious 2015 Outlook [View article]
    Well, you answered the question yourself. You paid effectively 25 times earnings, it is hard to say that the stock is very much overvalued if you were happy to buy $12 lower.

    I think the stock will be a great investment 10/20 years ahead, but not so much on the short to medium term.
    Jul 25 08:29 AM | 1 Like Like |Link to Comment
  • AT&T - Dividend Remains Appealing As Competition, Leverage And Changing Industry Circumstances Pose Modest Risks [View article]
    Crucial is the reinvestment of dividends. If you reinvested all T dividend for 7 years at 5% you would now own 140 shares for every 100 shares you owned back in 2007!
    Jul 24 03:37 PM | 1 Like Like |Link to Comment
  • Gilead Sciences - Sovaldi Momentum Continues, Appeal Remains [View article]
    That is an interesting move, yet the near-term monopoly brings in earnings which are simply to nice to ¨waste¨ by lowering prices at this point in time.
    Jul 24 12:02 PM | 1 Like Like |Link to Comment
  • Ford - Solid Quarter, Still On Track For A Great 2015 [View article]
    Yep F-150 factories closed for 13 weeks out of my head.

    We will see, exciting times!
    Jul 24 10:14 AM | 1 Like Like |Link to Comment
COMMENTS STATS
1,469 Comments
367 Likes