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6 Comments

    • ON: Mon Jul 21st 12:07 PM
      Commented on:
      Options Trader: Monday Outlook
      Can you run through the math on your IMAX covered call trade? Or can anyone else for that matter? If you pay $8.00 for a stock today and you receive $1.00 in premium your total cost for the trade is $7.00. But if/when you get called away at $7.50 you will have made $0.50 divided by your total cost of $7.00 is 7%, not 14%. Am I calculating something incorrectly?
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    • ON: Tue Jul 8th 18:50 PM
      Commented on:
      iPhone Can Replace Laptops for Majority of Computer Users
      If they enabled bluetooth keyboard support for the iPhone I would buy one yesterday. Until they do that THE DEVICE IS USELESS compared to a blackberry. I BADLY want to switch over to the iPhone but I can't and won't until it has a decent keyboard - or at least the ability to type with the keyboard in a horizontal format. Its great for school girls right now but not for business ppl.
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    • ON: Fri Jan 18th 11:23 AM
      Commented on:
      SanDisk: Risk Down $3, Reward Up $30
      Regarding Net Cash per share, user 140904 is correct. You missed a big chunk of cash in the LT Investments line item. As of Sept 30, 2007 Sandisk had $970mm in cash, $1.334Bn in ST Investments, and $1.824Bn in LT Investments for a total of $4.128Bn. Subtracting the $1.25Bn in the convertible (which is not due til 2013 and only pays 1% per annum) you have $2.878Bn in Net Cash or $12.51 in Net Cash / share. At todays stock price of $27 - $12.51 = $14.49 of value for company operations which should produce $2.50-$3.00 in '08 and $3.50-$4.00 in '09. So that gets you a multiple of 5.27x '08 and 3.9x '09 estimates.

      But the best part is that Sandisk will put up another $200mm+ of cash in the just finished Q4 so the actual numbers are even lower and the company as of today has $13.50 in net cash, leaving $13.50 for compay operations or 4.9x '08 and 3.6x '09. Which my friends is pretty damn cheap for the best run company in the fastest growing part of the semiconductor sector and arguable the entire technology sector.
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    • ON: Thu Dec 6th 09:41 AM
      Commented on:
      E*Trade: How Good a Deal Did Ken Griffin Get?
      I think you have a typo here....you probably meant to say, "Depending on how you do the math, Citadel may have paid as little as **10** cents on the dollar for prime mortgage-backed securities. Nice."

      You said $0.60. But if you do the math on the 85 million shares Citadel also received the net transaction amount for the $3B ABS portfolio is closer to $310M or $0.10 on the dollar....

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    • ON: Thu Nov 29th 12:40 PM
      Commented on:
      Hedge Fund Makes 1000% in a Year, Shorting Subprime
      Why do you say in your article, "one UltraShort I've held since August is UltraShort Real Estate (SRS) which is actually a bet against a basket of commercial REITs....and in fact I just added more." And at the bottom of the article it says "Long Ultrashort Real Estate in fund; no personal position." ?? Which is correct. Please fix one or the other. And if you are long in your fund, but not personally does that mean you have no investment in your own fund?
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    • ON: Tue Nov 20th 19:01 PM
      Commented on:
      Unimpressed With Amazon's Wireless eBook Reader
      I rarely comment on articles or blogs, but you have a bunch of facts wrong. Go back and check the battery life again - its a week or more with the radio off - which by the way, is long. Also, how could you pick the iPod as an example of a device not tied to a service??? Are you kidding me? Try playing your $5,000 worth of apple music on anything that doesn't have an "i" in front of it...
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