Emerging Markets And The Case Of The Disappearing Dividends [View article]
Thanks for the article. I remain convinced, however, that emerging market ETF's will outperform developed country ETF's over the next 10 years. I think Bernanke's printing press is masking a lot of structural problems in the USA, and that ultimately the printing press method will fail. I might say that I'm a bit uncomfortable in that assessment because Warren Buffett seems to love old Ben B.
China Yuchai International Limited Management Discusses Q1 2013 Results - Earnings Call Transcript [View article]
Cannot explain why the dividend payments dates vary so much, but that seems to be the way many Chinese, and some Latin American, companies do it. Biggest difference seems to be that a USA based company reaches a set quarterly amount of dividend and are loathe to change it even if it should go down. Chinese companies seem to pick a % of net income to distribute, and then stay with that. That explains the amount variance, but not the timing. Anyway, like you I'm a long-time CYD holder and very happy with it even though their fundamentals indicate the stock price should be over $20 per share.
What Tesla's Share Price Is Really Implying [View article]
For the moment, Tesla is Motherhood and Apple Pie. My advise to any author considering an article even hinting at a stock price that is too high is to delay the article until the fever breaks.
No one doubts that at the present time Tesla has star quality, or the "it" factor, for electric car enthusiasts, investors, and car rating companies. But it will not be long before reality sets in and Tesla will have to have sufficient profit to support its per share selling price. I still do not see this company making enough money to support even $30 per share, much less $70 per share. If, in fact, a vast market for the Tesla model becomes sustainable, both Toyota and General Motors will step in and make similar models. This is a fascinating story to watch, and I consider myself lucky not to have shorted Tesla when I started looking at it at $32.
Is There Any Value Left In Chinese Internet Stocks? [View article]
I bought Dang and Renn about a year ago and have come to the conclusion that the greatest value in Chinese internet stocks will be gained via mergers. There are just too many in each segment, and consolidation is best for everyone. I was hoping to acquire companies that could be profitable within 2 years, but the competition is too intense. I hope both of mine consolidate before it is too late.
Thanks for the article. I happen to agree with you that the big state controlled companies are good bets going forward. It is always a mystery to me when I read other articles that suggest staying away from China because their growth rate is slowing. Old Europe, the USA, and Japan would love to be in a position where GDP is going from 8.5% to 7.75%. If China does 6.0% for the next 10 years it will almost certainly reward investors greatly compared to Europe, USA, and Japan.
Tesla Motors: Consider Risks As Well As Potential While Investing [View article]
Whenever someone says a company is "a slam dunk super investment" I would advise running for the hills. Anyone who can read any one of Tesla's financial statements would not make a comment like "slam dunk". All three financials (balance sheet, income statement, and cash flows) reflect enormous risk. I admire Elon Musk and hope he succeeds, but slam dunk talk is silly.
Sell The Yen, Buy Emerging Market Equities [View article]
The GDP growth numbers, both current actual and projected, should lead almost every investor looking for diversification into emerging market equities. Growth rates, along with less debt, give those countries a decided advantage. I'm well aware of the various negatives such as rule of law issues, but from a risk/reward standpoint I'm staying with EM equities and bonds. Old Europe, Japan, and our own USA have a lot of headwind against them. Demographics, debt, and politics among them.
China's Real Estate - Ghost Town Story [View article]
In most countries, the "ghost cities" would be a forecast of a gigantic housing bubble. In China, I think it represents an event much smaller. As the author points out, the number of citizens moving from rural to city is still very, very large, and the number/amount of mortgage debt on these condo's is very small. Also, China's federal government is taking steps to take speculators out of the property markets. Contrast that to the USA where in 2005 to 2007, our politicians were thinking of ways (5% down payment; no money down; liar loans, etc.) to keep the party going. I'm still betting on China and China property stocks.
Jim Rogers Favors Japan And Russia Over U.S. Stock ETFs [View article]
I think Jim Rogers will be proven right -- it's just a matter of time. No way we (USA) can keep printing as much money as we have over the past 5 years without adverse consequence somewhere down the line. I've been through the Internet stock bubble; the housing price bubble; and now the developed market government bond issuing bubble. The money printing will end badly. It has to. Money printing is easy. The withdrawal is difficult. Bernanke just wants to get to January 2014 when he retires. Obama will appoint another money printer but it will not continue to work.
Tesla And The Art Of Waiting For Tomorrow [View article]
Rationalize all you want about the $7,500 tax credit but the author has it right. The $7,500 is coming from all USA federal income tax payers and going directly into the pocket of wealthy people who are buying a toy for themselves. The national news media would be screaming about this every day except they love Elon and they love EV's.
Salesforce.com Will Get Hammered By The Economy And Competition [View article]
CRM is one of the stranger stocks/companies that I follow (short). The financial statements look bad and are getting worse but the market seems to ignore all the numbers except top line growth. Goodwill on the Balance Sheet is extremely high and I would think the auditors are talking to Benioff about the possibility of a write down. Goodwill can remain on the books only if those assets are supported by "real" profits. Seems that for the present time Benioff can get away with talking only about top line revenue and his "earnings" number for the quarter. Listening to him you would think CRM is profitable -- it's not even close.
Don't Forget About Emerging Market Equities [View article]
Thanks for the article. Investors like myself who buy primarily based on fundamental numbers need occasional reassurance about the prospects for EM countries and stocks. It's a bit hard for me to believe that the debt accumulated by the developed world governments is not going to play a major negative role in their stock market prices going forward. The difference in EM country debt and deficits and developed market debt and deficits is huge. I'm staying with emerging markets.
Tesla Predicts A Profit, But Analysts Disagree [View article]
With Tesla, Elon Musk has polluted the financial language so much that even normally reputable financial writers talk about "operating profits" as profit. Someone not familiar with Tesla would think that the $1.31 referred to is bottom line GAAP net income per share. It is not. Musk seems like a very good guy, and I hope he succeeds with all his enterprises, but he is causing some harm with his casual use of accounting terms. It is up to financial writers and/or their editors to correct these misconceptions. They have not been doing a good job. The CEO of SalesForce is even worse than Musk in this regard.
Emerging Markets And The Case Of The Disappearing Dividends [View article]
China Yuchai International Limited Management Discusses Q1 2013 Results - Earnings Call Transcript [View article]
What Tesla's Share Price Is Really Implying [View article]
Key Questions From Tesla Skeptics [View article]
Is There Any Value Left In Chinese Internet Stocks? [View article]
5 Top China Dividend Stocks [View article]
Tesla Motors: Consider Risks As Well As Potential While Investing [View article]
Sell The Yen, Buy Emerging Market Equities [View article]
China's Real Estate - Ghost Town Story [View article]
Jim Rogers Favors Japan And Russia Over U.S. Stock ETFs [View article]
Tesla And The Art Of Waiting For Tomorrow [View article]
Salesforce.com Will Get Hammered By The Economy And Competition [View article]
Don't Forget About Emerging Market Equities [View article]
Tesla Predicts A Profit, But Analysts Disagree [View article]
What Does Tesla's Late Form 10-K Filing Mean For Investors [View article]