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Peter_Do

Peter_Do
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  • Microsoft Beats EPS And Revenue Estimates, Can It Breach $40? [View article]
    I am long MSFT and have been holding since the mid to high 20s. However, I think it will have a hard time breaking 40 just because it is popular to hate MSFT. I am perfectly fine with it since it is my long term core holding and the dividend is nice. I don't mind sitting on it and rather not have to worry whether I should sell it if it's status as a value stock (to me since I am sure there are many who think it is expensive and should be zero) is in doubt.
    Jan 24, 2014. 11:25 AM | 1 Like Like |Link to Comment
  • Nokia's CEO Discusses Q4 2013 Results - Earnings Call Transcript [View article]
    I did the dumb thing and added to my position at 7.05. Fingers crossed.
    Jan 23, 2014. 10:25 AM | 1 Like Like |Link to Comment
  • Why Nokia Is Dead Money [View article]
    To let you know that there is nothing to see here! :)
    Jan 22, 2014. 02:46 PM | 12 Likes Like |Link to Comment
  • Linn Energy, LinnCo pop higher as SEC has no further comment on filing [View news story]
    Also, as a result of supporting Hedgeye and others, if this is proven to be a false opinion, I do think that Barrons should suffer a lot of credibility damage. Some may drop subscriptions as a results.

    However, I guess they can always go the free reporting routes and try to make money with advertising.
    Nov 1, 2013. 06:44 PM | 1 Like Like |Link to Comment
  • Linn Energy, LinnCo pop higher as SEC has no further comment on filing [View news story]
    Phil,

    My point is, it does not matter what their intent is. And I am not here to judge. In every market, there is a buyer and a seller. Otherwise there would be no transaction. The buyer thinks the security is cheap and the seller thinks the same instrument expensive. In most cases anyway. These shorters think LINE is expensive. They think LINE is bad because of A, B and C. They did it with great fanfare and showed their analyses (I recall there is a conference call too). People chose to panic. Probably because they did very little work on the company and just saw the high dividend and that the price keeps going up. So when the shorters came out and shout Ponzi, they panicked. I think it is dangerous to encourage investors to invest with herd instinct as you put it. And events like this purge those out or teach them valuable lessons. Lessons that they can use in future investment decisions. If each time herd instinct is met with regulators coming to the rescue, then herd instincts and panic will keep on happening. We do not want to live in that world. At least I do not want to see that kind of constant volatility but I cannot speak for everyone.

    Additionally, it also encourages irresponsible investing and excessive risk takings. I think investments are free to anyone who is willing to accept the risk along with the returns. If having the mom and pop as you defined it means having panic sells and buys driving the market, I'm not sure that I would miss them should they leave the market. The investment world will go on I suspect (and hope).

    Lastly, I am not sure how this is related to the integrity of the market. For every stocks that I own, some analysts have a sell rating and some analysts have a buy rating. And they all wrote up reports on why and I can pay money to get those reports or not. I then can agree or disagree or not. I don't think that threaten the integrity of the market. What you have are the numbers published by the companies and the various disclosures. If you think the law somehow allow these disclosures to be false then that would threaten the integrity of the markets. Do we want to censor all opinions when they are later proven to be false? Since no one knows the outcome, no opinions can exist. Do we want to criminalize opinions? Or do we just want to criminalize only strong opinions? Not sure how you want to solve this.

    Pete
    Nov 1, 2013. 06:37 PM | Likes Like |Link to Comment
  • Linn Energy, LinnCo pop higher as SEC has no further comment on filing [View news story]
    Well, to be fair, what is wrong with them calling out something they think is suspicious? Since I don't know them personally, I am not going to question their morality or intent. They may be wrong - which I believe to be the case in this situation since I own a good chunk of LINE - they merely want to inform the public about a potential danger. Those who bought into their analyses sell; those who questioned their analyses buy; and those who had no idea stand aside and watch the fireworks. At the end of the day, it is your own responsibilities what to do with your money. All investments have risks and you have to assess that risks. That's why Certificates of Deposit pay as little as it is. It has much lower risks. The regulators cannot control that! Kaiser, Hedgeye, Barrons make no warrants to protect anyone. They are speaking their opinions based on their analyses which they present to everyone. We decide whether their analyses justify the conclusions. You are asking the regulator to somehow go out there and protect the regular mom and pop in earning a decent returns because CDs are not paying enough? Then if I am a regular mom and pop, I would go out and buy the highest yielding instruments I can buy because the regulator will come and slap any naysers. No one will dare to look at these instruments critically because if they are correct - wonderful, they will get a pat in the back. If they are incorrect, they will be criminalized. All the criminals will come out and offer high yielding Ponzi instruments then.

    I am sorry if this sounds cold but if CDs are earning 1% and you are buying something that yields 5 times or 10 times of that, you know you are taking stuffs that are 5 times or 10 times the risk. You think you are smarter than the market and when that assumption is incorrect, there are consequences. There may be circumstances that force our hands to seek these higher yields - need the income to live on etc... - but that do not change the fact that you are taking on a lot more risks! The fed is lending out money close to 0%. The Prime Rate is 3.25%. You are getting north of that with LINE before the assault by these guys. You are not investing in anything that is "prime" quality according to the market (or LINE for that matter since they are willing to pay out more for our money).
    Nov 1, 2013. 01:05 PM | 2 Likes Like |Link to Comment
  • Linn Energy, LinnCo pop higher as SEC has no further comment on filing [View news story]
    All those you want punishments and incarceration for the shorters should have just done their homework and bought more when these shorters make things cheap. If you are so easily moved and frightened to sell by rumors and take losses than you should not be investing. And if you are levered so much on margin and got margin-called then that's the risk you take for playing with leverage. I personally enjoy all these opportunities created by idiots like these.
    Nov 1, 2013. 11:54 AM | 4 Likes Like |Link to Comment
  • Linn Energy (LINE -8.3%) and LinnCo (LNCO -10.8%) are off to another terrible start; shares have dropped ~38% and ~36% respectively since Tuesday's SEC inquiry announcement. The impact on Berry Petroleum (BRY -1.5%) has been less severe - shares have dropped ~7% - as some say its chances of getting another takeover offer are high if things don't work out with Linn. [View news story]
    Agree. (Btw, I am an investor in LINN so want this to go positively.) However, just because something happened in the past do not mean that they are ok to do now. It could be that someone discovered a loophole (which is legal) and everyone follows suit. It's legit but regulators can come along due to too many outcries and then plug it. Again, that does not change the fact that the companies have assets that are worth x and generating cash flows y. Valuation is still the same since they did not lose any money. Just changing the reports.

    I just don't like the argument that we have done this all along and people are fine.
    Jul 5, 2013. 11:55 AM | Likes Like |Link to Comment
  • Linn Energy (LINE -8.3%) and LinnCo (LNCO -10.8%) are off to another terrible start; shares have dropped ~38% and ~36% respectively since Tuesday's SEC inquiry announcement. The impact on Berry Petroleum (BRY -1.5%) has been less severe - shares have dropped ~7% - as some say its chances of getting another takeover offer are high if things don't work out with Linn. [View news story]
    Until something definitive comes out, don't think management can say anything. Legally they may not be able to get into any specifics anyway so it won't help. You can't have a debate when you are worried at all times that you may be revealing stuffs that can get you in trouble with the regulators.

    Need to let this thing runs it course. Or of course, there is the possibility that they are lying all along. Hopefully none of them are selling their stocks. That's the strongest message they can send.
    Jul 5, 2013. 10:32 AM | 4 Likes Like |Link to Comment
  • A Credit Analysis For Coal Mining Companies [View article]
    Great analysis with just financial and no visible bias. Very informative!
    Jun 19, 2013. 11:31 AM | Likes Like |Link to Comment
  • 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). [View news story]
    Mr. White needs a reason to explain why AAPL did not hit the $1,111 price target that he predicted.
    Apr 5, 2013. 02:13 PM | 1 Like Like |Link to Comment
  • Bank Of America Has Failed Shareholders [View article]
    If you want dividend, you should not have bought BAC (or C). JPM, WFC are where you should invest. BAC and C are turnaround stories that were heavily discounted by the investment community who left them for dead. BAC is a story of cleaning up balance sheet and increasing capital efficiency, which is what management is doing. Can't be happier that they bought back the preferred and stocks. I rather they keep on buying back as long as the stock price is below tangible book.

    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.
    Mar 17, 2013. 01:53 PM | Likes Like |Link to Comment
  • 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) [View news story]
    But that's not the product that they sell. The way the language of the ratings are worded, it is nothing more than an opinion. People choose to take those ratings and make it more than an opinion/assessment. Why is that their fault? Plenty of regulated (and respectable) investment houses issue upgraded to AAPL at $750 and downgraded to NFLX at $60. All worthy of having their heads cut off by the same standards.
    Feb 5, 2013. 05:22 PM | 1 Like Like |Link to Comment
  • 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) [View news story]
    But that is not what they are selling - their approval that you can invest based on their ratings. They are just selling a personal assessment. What you choose to do with it is your own decision. When people buy a house, they can bring along someone to assess the value of the home. But there is no guarantee that the home is worth that much. Stop condoning laziness and irresponsibility. It's ok to buy research to support your own work and personal research. But you still should do your own homework and have the character to stand behind your own decision. Everyone makes mistakes.
    Feb 5, 2013. 12:28 PM | 2 Likes Like |Link to Comment
  • 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) [View news story]
    This is ridiculous. The rating agencies did not ask people to rely on the ratings for the investment decisions. Many people (and funds) put in place the rating requirements as an additional way to tell people that their investment choices are supported. How is this different than I like a stock and then C or BAC analysts came out with upgrade and then I purchase but it turned sour. I can't go and sue them for that. Hind sight is 20/20. If the MBS is so "obviously" terrible why are we not suing all the analysts, managers and everyone person, including public pension fund managers, who bought them? It's obvious and they did not look. Just as guilty as the rating agencies. The exception is that they rating agencies just express their opinions, just like many of us here on SA. They do not have the burden of investing (and due diligence as a result) of a portfolio manager. The information that is provided to the rating agencies are also available to all money managers who bought them. Unless sometime tells me that rating agencies have access to additional information that investors do not have.

    Everyone is at fault for greed and laziness.
    Feb 5, 2013. 12:24 PM | 4 Likes Like |Link to Comment
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