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sid18

sid18
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  • Awilco Drilling - Best Of A Bad Bunch? [View article]
    Awilco bonds were traded last in the 70s (http://bit.ly/1Frpyg2)- any thoughts on what that means? Would the company be better off if it could retire the debt at 60-70 cents on the dollar rather than pay dividends?
    Mar 22, 2015. 07:15 PM | Likes Like |Link to Comment
  • Untangling Seadrill's Complicated Debt Structure [View article]
    It seems the one (if only) reason why JF/SDRL created all the disparate entities is to borrow as much as he can get away with, during the good times of the cycle. And to extract as much money out of it as possible via ridiculously high dividend. while the market is still sanguine, and store it in his personal bank account.
    For example, notice how any money loaned to SFL effectively ends up in the shareholders' pockets via sale leaseback and then via dividend.
    Then once the cycle turns, all the retail suckers/yield hogs/dividend investors panic and when the market dives in despair/hopelessness, he can tap into that same bank account to rescue the company as a white knight at the bottom of the cycle.
    Jan 17, 2015. 02:48 AM | 1 Like Like |Link to Comment
  • Is Las Vegas Sands Worth A Leap Of Faith Right Now? A Resounding Yes Vote Here [View article]
    Amen...
    Jan 15, 2015. 01:31 PM | Likes Like |Link to Comment
  • Google: Is The Future Gloomy? [View article]
    Amen
    Jan 14, 2015. 02:10 PM | 3 Likes Like |Link to Comment
  • The Internet Monopoly I Want To Own Forever [View article]
    @MrMatt: Agree on #1

    As for #2...yeah probably the unsophisticated users who don't know a search ad from a search result. By and large, most users know that Google is the gold standard of search (it's a verb, after all). Just imagine this - if a malicious software changed your default web browser from Google to say dogpile.com - why wouldn't the user quickly change it back to what he/she is used to, i.e. - Google?

    Besides, there are many users still who like to actually type Google.com into the address bar and then begin their search from there. For them, the default search setting doesn't change much.
    Jan 10, 2015. 01:55 AM | 1 Like Like |Link to Comment
  • The Internet Monopoly I Want To Own Forever [View article]
    "I didn't think this could happen; Google was supposed to be invincible."

    The true value of a search engine is judged by the users, not a 3rd party middle-man. If Firefox users, for years, have been accustomed to Google and like what Google provides (much better than Yahoo ever could), why would they be happy to see their default engine switched to Yahoo? Moreover, how much effort will it take to switch the engine back to Google?
    Jan 9, 2015. 03:48 PM | 1 Like Like |Link to Comment
  • Examining Ebix Through The Eyes Of The Most Famous Value Investor [View article]
    Where did you hear about this? And do you know what % of sales it would be? I'm guessing not a huge % since EBIX has thousands of customers, but would still love to know, thanks.
    Jan 4, 2015. 11:31 PM | Likes Like |Link to Comment
  • Medallion Financial: Classic Case Of A Thought Virus Gone Wild [View article]
    >>@sid18, Google Ventures an investor in Uber. This is very sad for Google and I find it questionable that senior management of Google would allow such an investment... especially given Google's motto. But, I suppose, Google is a fairly large organization at this point. If Page approved the investment then he will have fallen dramatically my eyes.<<

    Well...if the success of any investment is measured by getting a good ROI, then they have certainly succeeded. Nothing prevents them from cashing in their chips at this point and setting up an Uber competitor...or am I missing something?
    Jan 2, 2015. 01:30 PM | Likes Like |Link to Comment
  • Medallion Financial: Classic Case Of A Thought Virus Gone Wild [View article]
    It's a scary thought, because there are companies that don't necessarily want to profit out of everything if it helps them solidify their existing business.

    For example, if Google decides to build an Uber alternative, with a revenue cut of 0% to 3% of the revenue cut instead of 20% - that'd be a huge blow to Uber's business model. They already have tens of thousands of smart engineers, better data (on users and the geographic landscape), a payment processing unit (Google Wallet) and I'm sure they wouldn't mind subsidizing the Uber-killer with their ad business profits.

    Google already has users (over a billion Android activations), brand awareness and user trust. Why hasn't Google jumped into it already? Maybe it's the regulatory hurdles and headaches that come in the long-run ?
    Jan 1, 2015. 05:34 PM | Likes Like |Link to Comment
  • Awilco Drilling: A Whopping 39.1% In Dividend. What Is The Catch? [View article]
    What does this portend for Awilco?

    Positive as one rig is reduced from the supply?

    OR

    Negative as Transocean doesn't think a JW McLean - (which seems to be a rig slightly inferior to WilHunter) is worth more dead than alive?
    Dec 20, 2014. 10:50 PM | Likes Like |Link to Comment
  • Rayonier Advanced Materials: It Should Not Take A Genius To Run This Business [View article]
    thanks*
    Dec 18, 2014. 10:18 AM | Likes Like |Link to Comment
  • Rayonier Advanced Materials: It Should Not Take A Genius To Run This Business [View article]
    the for the article
    Dec 18, 2014. 10:18 AM | Likes Like |Link to Comment
  • Continental Resources Cannot Grow At 25% With Oil At $65 [View article]
    Just trying to understand the all the moving parts here...if the producers are hedged, why still, would they keep producing oil if the cash break-even costs are above the spot price?

    If the hedged price is $95, cash-break even price is $75 and WTI spot is $55, would it still make sense to keep producing? Or simply shut down everything and monetize the hedges and wait for oil prices to spike upwards?
    Dec 13, 2014. 10:21 PM | 1 Like Like |Link to Comment
  • Medallion Financial: Classic Case Of A Thought Virus Gone Wild [View article]
    I'm very curious about this company and thesis...very "off the beaten track" type of company...as niche as it gets.

    But, in order to buy into the long thesis, you must believe:

    1. The medallions are/were fairly priced even before Uber/Lyft appeared.
    2. That Uber/Lyft won't cause a permanent/irrevocable haircut into the medallion pricing (bubble?)
    3. At the end of the day, medallion is (and this far, has been) an income producing asset and its value is a function of (i) Earnings power and (ii) interest rates, among other things. What happens if Uber forces taxis to lower their fares? And what happens when interest rates rise?

    Someone mentioned in one of the other (TAXI) article that the consumer lending business is to lend for luxuries (not necessities). What happens if there's a recession and the luxuries are the first to get write-downs?

    Too many moving parts here...would your thoughts, thanks.
    Dec 4, 2014. 02:39 PM | 1 Like Like |Link to Comment
  • The Importance Of Thursday's OPEC Developments [View article]
    More like...let's eliminate the high cost producers in the market so the cartel can go back to determining the price.

    Although to be clear, there's nothing that prevents shale from coming online once price goes $100/bbl. So I suppose shale sets a ceiling rather than OPEC setting a floor.
    Nov 28, 2014. 10:04 AM | 1 Like Like |Link to Comment
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