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Retired Expat Investor at Mexi...

Retired Expat Investor at Mexican Beach
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  • Ensco: Fleet Analysis As Of July 16, 2014 And Commentary [View article]
    Thanks. o20
    I also found an article saying "ESV has been expanding and now is an international company based in the UK. So there is no withholding tax for U.S. investors..." at http://bit.ly/1oTZ2OC

    So, I guess no withholding like UK stocks, even though it is a regular (not ADR) stock on NYSE. If someone know some article explaining this, much appreciated.
    Thanks.
    Aug 18, 2014. 06:58 AM | 1 Like Like |Link to Comment
  • Ensco: Fleet Analysis As Of July 16, 2014 And Commentary [View article]
    Hi, thinking about buying ESV for the first time.
    Is it a UK company listed only on NYSE?
    If so, is the dividend tax withheld like US stocks, or no withholding like UK stocks?
    Thanks,
    Retired Expat
    Aug 13, 2014. 05:48 AM | Likes Like |Link to Comment
  • It's The Right Time To Get Rid Of Intel Shares [View article]
    Let me add one more thing.
    Gross margin always looks better when there is a temporary volume pick-up, this time induced by XP expiry. People have to wonder whether the users who did not upgrade from XP in 2Q, in spite of the security concern, have willingness to upgrrade in 3Q. If the volume goes back to previous level, goss margin will drop.
    I sold all at 30.
    Jun 15, 2014. 08:49 PM | Likes Like |Link to Comment
  • It's The Right Time To Get Rid Of Intel Shares [View article]
    The timing of the article was unfortunate. But, the 2Q better-than-expected result, thanks to XP expiry, Japanese Sales Tax pre-raise purchase, are probably largely discounted in 17% run from February. This may be a sell the news opportunity.
    Jun 12, 2014. 06:12 PM | Likes Like |Link to Comment
  • It's The Right Time To Get Rid Of Intel Shares [View article]
    Agree to this article. Wearable and tablet hype will not contribute to Intel's profit this year. I do not like the way the stock is moving recently, it is now a trading stock. People should remember it dropped quite a bit around this time of year in the past.
    Jun 11, 2014. 04:58 PM | Likes Like |Link to Comment
  • HSBC: Undervalued Global Bank With 50% Upside And 5% Dividend [View article]
    Shedding underperforming asset sounds good, but as a result, HSBC may be too much concentrated in China/HK and London now? London looks bubbly, and the news of bankruptcy will keep coming from China for next few years.
    Mar 23, 2014. 06:08 PM | Likes Like |Link to Comment
  • HSBC: Undervalued Global Bank With 50% Upside And 5% Dividend [View article]
    Right, I did not pay attention to the dividend part. Now, this site called zolmax news http://zolmax.com is proven to be a joke.

    If somebody heard about HSBC actually downgrading HSBC, let me know.
    Thanks CH.
    Mar 22, 2014. 03:12 PM | Likes Like |Link to Comment
  • HSBC: Undervalued Global Bank With 50% Upside And 5% Dividend [View article]
    Hi,
    Does anybody know if this news is legitimate?
    "HSBC Holdings plc Downgraded by HSBC to Underperform"
    http://bit.ly/1dAqtc0

    Although the big downgrades by Credit Suisse etc for reduced dividend expectaion are understandable, I could not believe HSBC downgrading HSBC big time.

    Also, if anyone has some forecasts of what happens (US sanctions etc) if China decides to take Senkaku island, much appreciated.
    Thanks,
    Retired at Mex Beach
    Mar 22, 2014. 10:48 AM | Likes Like |Link to Comment
  • Cisco's Earnings Disappoint Again... What Now? [View article]
    Josh, Instead of just saying "4.9 bil$ was returned to shareholders", they could easily add, "XX bil$ of that amount was necessary to absorb dilution from option", right? That is bothering me.
    Feb 14, 2014. 10:01 AM | 2 Likes Like |Link to Comment
  • Cisco's New Dividend [View article]
    If Chambers wants to continue pitching "returning xx bil$ to shareholders", they really have to disclose this internal clearly. Obviously they want to keep it vague.
    Feb 14, 2014. 09:31 AM | Likes Like |Link to Comment
  • Cisco's New Dividend [View article]
    Thank you very much, CA.
    I listened to the conf call, but had some interruptions and missed this part.
    Yes, my hope is that there may be some time-lug to see the reductions in share counts (between purchase and retirement?) , and will see the benefit on EPS in coming quarters. Diluted share count only came down this Q from 5357 to 5327 (approx USD660million). That is a poor result for using USD4bil for buyback.

    Will read the transcript to study again, but doubt I can find a clear answer.
    I suspect it is Chamber's modus operandi to hide details of impact from these buybacks and share/option-compensate. to make Cisco look more profitable than actually is, and keep paying managers from shareholder equity. Hope I am wrong.
    Feb 13, 2014. 02:22 PM | 2 Likes Like |Link to Comment
  • Cisco's Earnings Disappoint Again... What Now? [View article]
    Josh,
    The way Mr. Chambers (and the CFO?) talk about the buybacks like "Proudly returning value to investors!" makes it difficult to take it as nicely as you do.

    If they are honest, they can disclose the option/share-compensation clearly with the buyback activity disclosure. Apparently,they are trying to hide it?
    Feb 13, 2014. 01:45 PM | 1 Like Like |Link to Comment
  • Cisco's Earnings Disappoint Again... What Now? [View article]
    Thanks Brad.
    Yes, Cisco has been like that (although my knowledge is limited). But, my understanding is that they increased buybacks substantially last year, and Chambers' is pitching "returning value to shareholders" hard every quarter since then, including this one.

    I am really beginning to feel Chambers is an arrogant who thinks investors, analysts and media are either fools or too timid to question him.
    Feb 13, 2014. 01:14 PM | 1 Like Like |Link to Comment
  • Cisco's New Dividend [View article]
    Chambers' pitch to shareholders recently is that about half(?) free cash flow will be returned to shareholders, mostly through buybacks. But, if most of buybacks are just needed to absorb new issuance for employee compensation/option, like years in the past, his pitch is almost fraudulent? Maybe technically not wrong, but cannot have CEO at the top who misleads shareholders intentionally like this.
    Feb 13, 2014. 12:46 PM | 2 Likes Like |Link to Comment
  • Cisco Systems: A Good Opportunity To Buy? [View article]
    Hi,
    About your line "The company generates massive cash flows and pays substantial cash back to its investors", I want to believe it, but could you clear my doubt?

    Cisco says it repurchased 185 million shares last quarter. But, share counts only decreased by 57 million from 5351mil to 5294 mil. Is that because of new issuance for employee option?

    It looks like what Chambers say "returning value to shareholders" may be actually just additional compensation to the managers using shareholder equity? And if Cisco needs to buyback shares not for investors, but just to absorb new issuance for employee option, it really does not have massive free cash flow?

    Thanks,
    Retired Expat
    Feb 13, 2014. 12:13 PM | 5 Likes Like |Link to Comment
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