Peter_Do's Comments Peter_Do's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.com/user/1191321/comments Add Brian White to the growing list of Apple (AAPL -1.3%) fans who think a bigger iPhone is needed. "We are being told that the minimum size needed by Apple is a 4.5-inch display on the iPhone; however, a 5-inch to 5.5-inch would be optimal," writes the Topeka analyst after talking with Chinese/Taiwanese suppliers. Also: Cowen sees more room for iPad growth in the U.S., citing encouraging survey data, and BTIG's Walter Piecyk, who recently upgraded Apple, thinks a new capital-allocation plan will be timed to coincide with a downbeat FQ2 report (results are due on April 23). http://seekingalpha.com/currents/post/928711?source=feed#comment-17276181 17276181 Fri, 05 Apr 2013 14:13:47 -0400 Bank Of America Has Failed Shareholders http://seekingalpha.com/article/1281111/comments?source=feed#comment-16403721 16403721
Also, not sure how the anger about "our tax payer money" rant comes about. They got capital injection from the government and they paid it back with whatever interest that the government demanded at the time. Contract fulfilled. Got nothing to do with paying dividend to stockholders as a mandate of heaven. ]]> Sun, 17 Mar 2013 13:53:27 -0400
Also, not sure how the anger about "our tax payer money" rant comes about. They got capital injection from the government and they paid it back with whatever interest that the government demanded at the time. Contract fulfilled. Got nothing to do with paying dividend to stockholders as a mandate of heaven. ]]> Attorney General Holder puts a $5B-plus target on how much S&P (MHP -6.5%) defrauded investors through faulty ratings on MBS, and says the DOJ is going after all of it. "S&P misled investors ... causing them to lose billions of dollars." S&P alone? (earlier: Even $3B seems far too high) http://seekingalpha.com/currents/post/804801?source=feed#comment-14618361 14618361 Tue, 05 Feb 2013 17:22:56 -0500 Attorney General Holder puts a $5B-plus target on how much S&P (MHP -6.5%) defrauded investors through faulty ratings on MBS, and says the DOJ is going after all of it. "S&P misled investors ... causing them to lose billions of dollars." S&P alone? (earlier: Even $3B seems far too high) http://seekingalpha.com/currents/post/804801?source=feed#comment-14596851 14596851 Tue, 05 Feb 2013 12:28:57 -0500 Attorney General Holder puts a $5B-plus target on how much S&P (MHP -6.5%) defrauded investors through faulty ratings on MBS, and says the DOJ is going after all of it. "S&P misled investors ... causing them to lose billions of dollars." S&P alone? (earlier: Even $3B seems far too high) http://seekingalpha.com/currents/post/804801?source=feed#comment-14596641 14596641
Everyone is at fault for greed and laziness.]]> Tue, 05 Feb 2013 12:24:31 -0500
Everyone is at fault for greed and laziness.]]> The Treasury violated its rules on executive pay as it went 18 for 18 in approving raises for AIG and GM execs over the past few years, according to SIGTARP. Treasury was warned of this a year ago, but disputes the report's findings. http://seekingalpha.com/currents/post/786051?source=feed#comment-14272091 14272091 Mon, 28 Jan 2013 15:54:16 -0500 Nokia (NOK) reverses course sharply after being higher earlier and is now -5.2% following its Q4 release. Despite net earnings of €202M - the company's first profit in six straight quarters - sales of €8.04B missed expectations of €8.12B and the company suspended its dividend. http://seekingalpha.com/currents/post/779161?source=feed#comment-14094021 14094021 Thu, 24 Jan 2013 09:21:30 -0500 Nokia: Positive News Followed By What? http://seekingalpha.com/article/1112901/comments?source=feed#comment-13774271 13774271 Wed, 16 Jan 2013 09:23:36 -0500 Nokia: Positive News Followed By What? http://seekingalpha.com/article/1112901/comments?source=feed#comment-13741911 13741911 Tue, 15 Jan 2013 14:55:31 -0500 More on Nokia: Lumia shipments totaled 4.4M, up from Q3's 2.9M and generally above forecasts. Stephen Elop says Lumia 920 sales were supply-constrained. Total smart devices sales were 6.6M, -64% Y/Y (withering Symbian base), but thanks to a higher Lumia mix, ASP jumped to €182 from Q3's €155. Mobile phone units were 79.6M, -15% Y/Y, ASP roughly even Q/Q at €31. 9.3M Asha phones sold, up from 6.5M in Q3. NOK +17.6%. (PR) http://seekingalpha.com/currents/post/755191?source=feed#comment-13537391 13537391 Thu, 10 Jan 2013 10:22:33 -0500 The Treasury announces an offering for its remaining stake in AIG. The government currently holds a 16% stake in the company - 234M shares - and will continue to hold some warrants following the sale. Shares -0.8% AH. http://seekingalpha.com/currents/post/711481?source=feed#comment-12457851 12457851
"August 23, 2012: Maiden Lane III LLC sold all remaining securities. Subsequent to the repayment of ML III LLC’s liabilities to the New York Fed and AIG, net proceeds from sales of the securities, as well as cash flow the securities generated while held by ML III LLC, provided a net gain of approximately $6.6 billion for the benefit of the U.S. public."

http://bit.ly/zklcD1#]]> Mon, 10 Dec 2012 17:13:06 -0500
"August 23, 2012: Maiden Lane III LLC sold all remaining securities. Subsequent to the repayment of ML III LLC’s liabilities to the New York Fed and AIG, net proceeds from sales of the securities, as well as cash flow the securities generated while held by ML III LLC, provided a net gain of approximately $6.6 billion for the benefit of the U.S. public."

http://bit.ly/zklcD1#]]> Qihoo (QIHU -1.1%) and Nokia (NOK +2.1%) will partner to offer a custom phone for the Chinese market, a source tells Marbridge Consulting. Qihoo, which could integrate its browser, antivirus software, and search engine with the phone, is no stranger to partnerships with phone OEMs. Neither is rival Baidu, which is teaming up with Lenovo to offer a phone leveraging its Android-based OS. Nokia, whose Chinese sales have plunged, just launched the Lumia 920T and 620 for China Mobile. http://seekingalpha.com/currents/post/707731?source=feed#comment-12378351 12378351 Fri, 07 Dec 2012 16:53:11 -0500 Nokia (NOK) signs a deal to sell its headquarters in Finland to scrounge up more cash. The home for Nokia's top execs sold for $221.9M. A statement from the company acknowledges it needs to continue to sell non-core assets as opportunities arise. http://seekingalpha.com/currents/post/697831?source=feed#comment-12228631 12228631 Tue, 04 Dec 2012 09:12:45 -0500 Initial reports of sellouts for Nokia's (NOK) Windows Phone 8 Lumia hardware are "misleading," thinks Deutsche's Kai Korschelt, since they have much to do with supply issues. "Anecdotal evidence suggests that many stores have only received 5-20 devices/store with wider carrier distribution delayed in some countries," Korschelt writes, while speculating 28nm chip shortages are to blame. He also claims U.K. retail survey and Google search interest data for the Lumia line is underwhelming. (Raymond James) http://seekingalpha.com/currents/post/692371?source=feed#comment-12110411 12110411
Further, if the price is the same as AT&T, why should people buy from Amazon or Walmart when they can buy from AT&T. Especially if the wait time to get the phone is the same? They can probably charge the same price if the wait time is shorter, which I do not think is the case (can be wrong on this). Further, if Amazon holds out and not give discount, and Walmart decides to give the $30 discounts, Amazon would lose the sales to Walmart. The reason why AAPL is able to keep the iPhone undiscounted is by controlling the distribution of the subsidized contracts. You can only get the iPhone with contract price from AAPL store or ATT/Verizon etc...(believe this is still the case).

In short, the current available stock of Lumia phones may be short versus current demand (hence the required wait). But when compared to what they can produce in the future, obviously you can have infinite supply. And this is the case here. You are locking in current demand and meet them with future supply. Those who must have the phone now can go on craiglists or eBay and last I check they are only available off contract and more expensive than price charge by AT&T (which is $450).]]> Fri, 30 Nov 2012 09:35:06 -0500
Further, if the price is the same as AT&T, why should people buy from Amazon or Walmart when they can buy from AT&T. Especially if the wait time to get the phone is the same? They can probably charge the same price if the wait time is shorter, which I do not think is the case (can be wrong on this). Further, if Amazon holds out and not give discount, and Walmart decides to give the $30 discounts, Amazon would lose the sales to Walmart. The reason why AAPL is able to keep the iPhone undiscounted is by controlling the distribution of the subsidized contracts. You can only get the iPhone with contract price from AAPL store or ATT/Verizon etc...(believe this is still the case).

In short, the current available stock of Lumia phones may be short versus current demand (hence the required wait). But when compared to what they can produce in the future, obviously you can have infinite supply. And this is the case here. You are locking in current demand and meet them with future supply. Those who must have the phone now can go on craiglists or eBay and last I check they are only available off contract and more expensive than price charge by AT&T (which is $450).]]> After ten years in the wind industry, GE (GE -3.3%) celebrates with its 20,000th wind turbine installation. Altogether, GE's 20K-turbine fleet has the capacity to power the cities of Hong Kong and London for an entire year. In the U.S. and Europe over the past four years, nearly 40% of new power generation installations have been wind. http://seekingalpha.com/currents/post/665741?source=feed#comment-11609901 11609901 Wed, 14 Nov 2012 16:47:23 -0500 Listening to Dimon, one almost feels sorry for bank executives and their shareholders given the regulatory foot they're under. Asked about share repurchases, Dimon wants to get back to them in 2013. Though little changed in the bank's underlying business or capital strength, JPM was forced to suspend buybacks at $32 share in wake of the London Whale, and now will resume them at a far higher price. http://seekingalpha.com/currents/post/583581?source=feed#comment-10473161 10473161 Fri, 12 Oct 2012 14:18:36 -0400 Legal settlements often ease investors’ minds, but the size of BofA's (BAC -1.5%) $2.34B tab for settling claims it misled investors about Merrill Lynch’s financial health before its purchase was an unwelcome surprise. Some analysts worry BofA’s legal exposure doesn’t seem to be tapering off; it's the bank's 11th settlement totaling $29B since the start of the financial crisis. http://seekingalpha.com/currents/post/563031?source=feed#comment-10002871 10002871
As to the zero interest rate policy, you may believe it is to help the bank but I am proned to believe that it is driven more to prop up the real estate market which benefits most home owners as well FNMA, Freddie and the local government who will have to deal with a housing blights. There are more beneficiaries here than just the banks. Whether I think it is fair is an entirely different opinion. But no, I don't think the tax payers are actively bailing out BAC right now.

Disclosure: I do not work for BAC or any of the big banks.]]> Sat, 29 Sep 2012 13:36:19 -0400
As to the zero interest rate policy, you may believe it is to help the bank but I am proned to believe that it is driven more to prop up the real estate market which benefits most home owners as well FNMA, Freddie and the local government who will have to deal with a housing blights. There are more beneficiaries here than just the banks. Whether I think it is fair is an entirely different opinion. But no, I don't think the tax payers are actively bailing out BAC right now.

Disclosure: I do not work for BAC or any of the big banks.]]> Legal settlements often ease investors’ minds, but the size of BofA's (BAC -1.5%) $2.34B tab for settling claims it misled investors about Merrill Lynch’s financial health before its purchase was an unwelcome surprise. Some analysts worry BofA’s legal exposure doesn’t seem to be tapering off; it's the bank's 11th settlement totaling $29B since the start of the financial crisis. http://seekingalpha.com/currents/post/563031?source=feed#comment-9997651 9997651 Sat, 29 Sep 2012 09:30:39 -0400 Stephen Elop has until early to mid 2013 for Nokia's (NOK) fortunes to reverse, otherwise his job will be at risk, analysts and investors say. However, they're not holding out much hope that Nokia will have a particularly good Christmas, especially with Apple and Samsung dominating. http://seekingalpha.com/currents/post/545391?source=feed#comment-9618991 9618991
Disclosure. I am long NOK (and MSFT) and think Elop is doing a great job.]]> Wed, 19 Sep 2012 10:53:20 -0400
Disclosure. I am long NOK (and MSFT) and think Elop is doing a great job.]]> Intel's Q3 Revenue Miss: A Fire Sale For Long-Term Investors http://seekingalpha.com/article/853581/comments?source=feed#comment-9253961 9253961 Sun, 09 Sep 2012 18:14:24 -0400 Intel's Q3 Revenue Miss: A Fire Sale For Long-Term Investors http://seekingalpha.com/article/853581/comments?source=feed#comment-9253801 9253801 Sun, 09 Sep 2012 18:05:56 -0400 Intel's Q3 Revenue Miss: A Fire Sale For Long-Term Investors http://seekingalpha.com/article/853581/comments?source=feed#comment-9198191 9198191 Fri, 07 Sep 2012 14:51:44 -0400 Short Johnson & Johnson http://seekingalpha.com/article/813642/comments?source=feed#comment-8502281 8502281 Fri, 17 Aug 2012 11:16:16 -0400 More Misery In Store For Nokia http://seekingalpha.com/article/768451/comments?source=feed#comment-7981531 7981531 Wed, 01 Aug 2012 10:02:11 -0400 Wells Fargo (WFC) joins the list of banks adding fees where they can to make up for fee reductions mandated by Dodd-Frank. The bank plans to implement a $5/month fee for those checking accounts not maintaining a $1,500 balance or otherwise behaving as the bank wishes them to. http://seekingalpha.com/currents/post/395901?source=feed#comment-6990491 6990491 Mon, 02 Jul 2012 10:03:45 -0400 Microsoft May Have Just Hurt Lumia 900 Sales http://seekingalpha.com/article/672701/comments?source=feed#comment-6617751 6617751 Wed, 20 Jun 2012 15:16:48 -0400 Avoid AT&T's 2012 Dividend http://seekingalpha.com/article/599291/comments?source=feed#comment-5583711 5583711
waltunkel, thanks for the compliment!]]> Fri, 18 May 2012 14:10:06 -0400
waltunkel, thanks for the compliment!]]> Avoid AT&T's 2012 Dividend http://seekingalpha.com/article/599291/comments?source=feed#comment-5561421 5561421 Thu, 17 May 2012 22:49:50 -0400