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wchen

wchen
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  • Apple's Achilles' Heel: Samsung Has An Arrow Pointed Straight At It [View article]
    What good is an unbreakable screen if the phone sucks?

    My colleague went through 2 S3s in a few months only to switch to an iPhone 5 last week because Samsung can't manufacture a phone that functions normally (screen was fine though).
    Dec 12 11:47 PM | Likes Like |Link to Comment
  • Bear No More - It's Time To Get Beta In China [View article]
    I think the generalization of Chinese companies mostly being frauds is ridiculous. There are plenty of crap companies in the U.S. too that leading accounting firms can't see through (Autonomy that HP acquired for one, and HP itself too is merely cutting marketing and R&D expenses to pad bottom lines). U.S. had to go through plenty of Enrons and Worldcoms before regulations shape up.

    And the reason for the recent decline in Chinese equities has more to do with the long backlog of companies approved and waiting to IPO than anything. Investors are just worried the demand is not there. The recovery in China has also been rather one-sided, small- and mid-caps still suffering.
    Dec 4 04:48 AM | 2 Likes Like |Link to Comment
  • Oh Apple, About That 'Win' You Thought You Got... [View article]
    A7 is going to get manufactured by TSMC in Taiwan, seems to me Samsung is just trying to collect whatever it can before it gets rear-ended.
    Nov 13 11:33 PM | Likes Like |Link to Comment
  • Apple Cannot Be Valued: Warren Buffett Knows This And You Should Too [View article]
    No offense but Microsoft is probably not the best company to compare Apple to?

    Relying on Buffett to gauge the attractiveness of an investment will probably kill you in today's landscape.

    In his days, you can probably buy a business, leave it untended for 20 years and make a decent return before the next town 50 miles down the road even pops up. Now, a 200-page SWOT analysis can't even summarize the competitive threats you face.

    If he has to start with 100k like the rest of us now, I doubt he will be able to repeat 1/100th of his success.
    Nov 13 12:29 AM | Likes Like |Link to Comment
  • What Does Activision Blizzard Have To Do? [View article]
    With Vivendi overhang, ATVI is deadbeat. Any price surge past 12.50, Vivendi will prob start shedding shares.
    Nov 12 03:01 AM | Likes Like |Link to Comment
  • Zynga's Real Game Could Be Fraudville [View article]
    When Zynga buys OMGPOP at the highest possible valuation only to see user base deteriorate shortly after, you can't help but question the business model, intelligence of the management etc. (Seriously, who plays Draw Something anymore?) You can argue there is cross pollination across its many games but who plays Farmville too? Plus with the management exodus at Zynga and the cheap valuations out there in the market, the opportunity cost is HUGE! Personally, I think the only way to play this one is pray for on it getting acquired.
    Aug 11 10:38 PM | 1 Like Like |Link to Comment
  • Activision Blizzard Likely Poised For A Solid Upside [View article]
    Why would you ever look at the P/S ratio for this type of company? It's obviously not an Amazon where you can justify paying a ridiculous P/E for top line growth.

    By any reasonable metric (forward P/E, EV/EBITDA etc.), EA is far more expensive.

    Only negative I would have to say is the 60% Vivendi stake overhang, but it is an attractive LBO candidate once Vivendi sells.
    Jun 20 03:32 AM | Likes Like |Link to Comment
  • Diablo 3 Delays Damage Activision Blizzard In More Than 1 Way [View article]
    While it must be a frustrating experience, I think the game contents is what matters in the end, and clearly ATVI is superior to competitors.

    Judging by EA's rapidly deteriorating player base for its star wars game, it was obviously just a time filler until Diablo III came out.

    And if not for FB going public this Friday, ZNGA would still be trading in the low 7's. The social gaming market is very transient. It might be cool to play Game A now but two weeks later, Game B is the fad and you witness a mass migration before you can even monetize the player base for Game A. And constantly having to predict the next big thing and develop the games/acquire them is both difficult and costly.
    May 16 05:24 AM | 1 Like Like |Link to Comment
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