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Vegas Ben

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  • Wall Street Breakfast: Must-Know News [View article]
    I blame the SA shutdown on Obama! /sarcasm
    Oct 4, 2013. 04:45 PM | 2 Likes Like |Link to Comment
  • What Does The Sell-Off In LinkedIn Tell Us About The Future? [View article]
    $500M to buy XING and $900M to increase their salaries and bonuses.
    Sep 5, 2013. 02:40 PM | 2 Likes Like |Link to Comment
  • What Does The Sell-Off In LinkedIn Tell Us About The Future? [View article]
    There was an AH sell-off down to around $234 yesterday. The volume was pretty high for AH, but insignificant for normal hours. It looked pretty unlikely at the time that it'd get back up to the $240s. There can be pretty long delays between when an article is written and when it actually gets posted on this site, and stocks can take a huge 180 in that time.
    Sep 5, 2013. 12:50 PM | 2 Likes Like |Link to Comment
  • iRadio Launch Could Be The Final Nail In Pandora's Coffin [View article]
    Keep in mind that Apple can operate iTunes Radio at a loss for years, and still destroy Pandora.
    Jun 10, 2013. 08:46 PM | 2 Likes Like |Link to Comment
  • iRadio Launch Could Be The Final Nail In Pandora's Coffin [View article]
    If Ford wasn't making any money, had no worthwhile patents, and then got some new competitors with far more money, yes, Ford would go out of business.
    Jun 10, 2013. 08:45 PM | 2 Likes Like |Link to Comment
  • iRadio Launch Could Be The Final Nail In Pandora's Coffin [View article]
    Here are a few possible reasons.
    1. It sounds like iTunes Radio won't be released until the fall, which will give Pandora a long, slow and painful death.

    2. Denial.

    3. The P shareholders that are scared of iTunes Radio have already sold off their shares, so we are left with a majority of brave individuals that will cling onto P's bloated corpse until the very end, and will buy more shares on every drop until they are left with nothing but worthless paper certificates and Pandora software that no longer has any servers to connect to.
    Jun 10, 2013. 04:56 PM | 2 Likes Like |Link to Comment
  • Pandora (P -4.1%) bleeds for the second day in a row (previous) on concerns about iRadio's impact. CFO Mike Herring's efforts at a BofA/Merrill conference to downplay the threat aren't doing much to help. A Bloomberg report claiming Apple is ramping its iRadio ad sales efforts and will share ad revenue with studios (apparently in return for playback options not supported by rivals) could be adding to the pressure. Will Apple disrupt Pandora in a way that Spotify, Amazon, Google, Sony, Microsoft, TuneIn, and Songza have thus far failed to? [View news story]
    I do agree that the non-Apple users are not likely to want to try an Apple app, so maybe an Android version is a long shot. However, I strongly believe that an Apple streaming radio service would have tens of millions of downloads per day in the first few days it is released in the App store, because Apple fanatics are... well... quite fanatical. If Apple's radio app is anywhere near the usability levels of previous Apple software and hardware, Pandora will lose millions upon millions of users within days. Streaming music doesn't seem like something that will improve Apple's financials much, but it could be a devastating blow for $P. I don't know exactly how many of Pandora's user are using Apple hardware, but I am quite certain that it is a very significant percentage.
    Jun 4, 2013. 04:04 PM | 2 Likes Like |Link to Comment
  • Apple (AAPL) releases Tim Cook's official statement (.pdf) to the Senate ahead of his Tuesday appearance at a hearing on corporate tax payments. Among other things, Apple claims it paid ~$6B in federal taxes in FY12 and a 30.5% effective federal tax rate, and that its foreign units don't engage in the practices the hearing focuses on (the shifting of IP to offshore havens, revolving loans from subsidiaries, etc). The company proposes a tax system that's "revenue neutral, eliminates all tax expenditures, lowers tax rates and implements a reasonable tax on foreign earnings." (previous[View news story]
    Well said, Apple!
    May 20, 2013. 04:20 PM | 2 Likes Like |Link to Comment
  • Even With Extreme EPS Growth, LinkedIn Is Still A Loser's Bet [View article]
    By your own method, in 2022, even with 0% future growth, the shares would be a "sensible investment" at $788 (10 x $78.81), and the owner of the shares would've had 450% returns on their investment.
    That is far better than a "sensible investment". That would be a great investment!
    Maybe your your idea of a "sensible investment" works on a stock with little to no growth, but when growth is factored in, it doesn't appear to be useful in any meaningful way.
    May 13, 2013. 02:05 PM | 2 Likes Like |Link to Comment
  • Apple: The Bottom Has Yet To Be Reached [View article]
    "I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours."

    Scared to take your own advice?
    May 10, 2013. 08:25 PM | 2 Likes Like |Link to Comment
  • LinkedIn's 2 Problems: Can They Be Fixed? [View article]
    I agree with xyxyxy in that I don't think $FB wants to dive deeply into professional networking. Most people want to keep work and play separate. $FB knows this. Not to mention that they are already having a hard enough time as it is with their regular, non-professional, social networking. I think they are incredibly misguided, but at least they are smart enough to stay away from professional networking.

    I like $LNKD the company, but hate $LNKD the stock. The market cap should not be at $20 billion!!! They would have to grow ten-fold in order to be fairly valued. They probably will grow 2x or 3x over the next several years, but to value this company like it is going to grow 10x is absurd. I feel sorry for the little guys that will be holding this stock when the bubble bursts.
    May 6, 2013. 07:00 PM | 2 Likes Like |Link to Comment
  • Apple (AAPL +2.6%) commanded 57% of smartphone profits in Q1, and Samsung (SSNLF.PK) 43%, estimates Canaccord's Mike Walkley. All other OEMs collectively broke even, after having lost money last year. Apple's profit share is down from 2012's 69%, and Samsung's up from 2012's 34% - chalk those changes up to Samsung's share gains and Apple's gross margin decline. Walkley also writes Samsung's Galaxy S4 is off to a strong start (in spite of some reports of overheating), that checks indicate U.S. BlackBerry Z10 (BBRY +0.7%) sales are soft, and that U.K. Q10 supplies have been limited. [View news story]
    johnny, this is based on profits, not on number of units sold. The other guys add up to 0%, because when you add them all together, they break even.
    May 6, 2013. 04:50 PM | 2 Likes Like |Link to Comment
  • LinkedIn Like Microsoft And Baidu - Watch Out Below [View article]
    $LNKD should be priced around $50 per share, IMO.
    May 3, 2013. 04:29 PM | 2 Likes Like |Link to Comment
  • Apple (AAPL -1.3%) roundup: 1) Bloomberg reports Jony Ive's team is "racing to finish iOS 7," expected to feature a major UI overhaul, in time for a preview at June's WWDC. This meshes with what John Gruber reported hearing a month ago. Bloomberg also reports Ive has "met with makers of gesture [recognition] technology" - is Leap Motion among them? 2) Top Apple shareholder Fidelity Contrafund cut its stake by 12% in Q1; fund manager Will Danoff is worried about competition and margin pressure (previous). 3) Apple's collaboration with automakers has reportedly extended to creating in-car consoles that support iPhone docking and access to Maps/Siri. [View news story]
    $100 Million? That is nothing compared to Tim and Peter. They're buying up to $58 BILLION!!!!
    May 1, 2013. 02:08 PM | 2 Likes Like |Link to Comment
  • Apple (AAPL +3.2%) is reportedly offering $17B in its bond sale, making it the largest U.S. corporate debt deal ever. Bloomberg reports $5.5B in 10-year debt will be sold at just a 75bps premium to 10-year Treasury yields (currently at 1.68%). (previous: I, II) Update (3:47): The deal is official. Reuters: "The company is offering $1 billion of three-year floating-rate notes, $1.5 billion of three-year fixed-rate notes, $2 billion of five-year floating-rate notes, $4 billion of five-year fixed-rate notes, $5.5 billion of 10-year fixed-rate notes and $3 billion of 30-year fixed-rate notes." [View news story]
    kingcozzi, can you please tell me which multi-billion dollar companies you personally managed and how you are qualified to determine that the management that turned a small computer maker into a company that brings in hundreds of billions of dollars is dumb?
    Apr 30, 2013. 05:00 PM | 2 Likes Like |Link to Comment