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  • China Telecom, Unicom Rush Into 4G [View article]
    Also seems like CHL is the winner either way if they are leasing network to their competitors.
    Feb 14 12:50 PM | 1 Like Like |Link to Comment
  • China Telecom, Unicom Rush Into 4G [View article]
    All of this talk of TD-LTE makes me wonder how it actually works. Any thoughts out there? I find ATTs LTE to be superb, while Sprint's is hit and miss. I think they are both FD, so obviously there is a lot to implementation.
    Feb 14 12:49 PM | Likes Like |Link to Comment
  • The Good Times Should Get Even Better For Good Times Restaurants [View article]
    Great article, John! Have you eaten at GTIM? I haven't, but I did just ask a friend from CO, and he enjoys it. Interestingly, he noted the custard based shakes as his favorite menu item. He said they are worth the trip in and of themselves. You hit most of my high points, but I really like the unfolding price to sales picture. I believe mgmt said they expect low 30s this year *before* any openings, which is very solid. With the current EV of about 10 million, that is just really cheap, especially if they open the three or four Bad Daddy's they mentioned! They could easily top $40MM this year, *if* all goes well--big if. But, even if all of the warrants are exercised you still get a lot of business for a small price. If the new VP from Buffalo Wild Wings can help produce similar growth at GTIM, I look for it to take off this year. Obviously, the raises hit the stock very hard last year, but I think it is providing a great opportunity. I really like to eat at my restaurant picks, though, so I can't get too excited until I pass through CO and give them a try. Insider buys look friendly, too. Sometimes warrants can anchor prices, so I would be careful with the stop loss. Thx for writing.
    Feb 14 07:10 AM | Likes Like |Link to Comment
  • Apple's Buyback: Here Come The Critics [View article]
    MB, seems it would make more sense to be long Apple and short the NSDQ100, if you are looking for discrepancies in value. Tactically speaking, I would think the next two weeks would be a better bet for being short than the last few weeks since earnings. MWC and all of the new phones could put pressure on Apple unless they have a surprise planned. Good luck.
    Feb 10 01:22 PM | Likes Like |Link to Comment
  • Apple's Buyback: Here Come The Critics [View article]
    Bill, they are up to ~$42Bn of the $60Bn programmed as of this spending blitz, so unless they increase the buyback over the stated amount, I don't think they need to buy more. They aren't even at halftime and they have spent ~70% of the cash. I hope they do increase it, and this could be a sign that they will.
    Feb 10 12:59 PM | Likes Like |Link to Comment
  • Icahn drops Apple buyback proposal [View news story]
    Yes very shrewd. It is also interesting that Apple dropped into the low $400s last year, and this year they are climbing through $520--on pretty much the exact same 1Q numbers and 2Q guidance.
    Feb 10 09:36 AM | Likes Like |Link to Comment
  • Apple's Buyback: Here Come The Critics [View article]
    Huh? You got that backwards imo, Michael. A dividend is a one time payment to shareholders of record; a buyback decreases the market cap via share reduction, thus increasing the value of outstanding shares as long as they are held. It also reduces the payout, allowing an increase of the dividend commensurately. So, a buyback increases value and dividends. The buyback helps long term owners; the dividend can be gamed by traders. Your logic is sound on intrinsic value, but your conclusions are way off. The valuation of the Nasdaq 100 is roughly twice that of Apple's cash adjusted amount! So, at these ridiculously low valuations, Apple's SH's are very well served by the buyback. BTW, I would hate the fact the Apple's BOD is aggressively buying the shares back if I were short Apple! I think Apple has about the same chance of getting back to $240 as Intel has of getting back below $10. Dream, write, blog--it ain't happening unless an unmitigated disaster occurs imho.
    Feb 10 08:00 AM | 12 Likes Like |Link to Comment
  • Apple's Buyback: Here Come The Critics [View article]
    What bothers me, Bill, is people getting emotional about Apple and their cash. They get emotional about personalities, like Icahn. The bottom line is that Icahn was correct (that they needed to increase the buyback), regardless of what you think of him, and Apple did just that. Kudos to the BOD for executing. I hope it wasn't merely a defensive tactic by the BOD--to steal Icahn's thunder and avoid a fight. The buyback is the smartest thing to do with the *excess* cash imo because they can increase the dividend at no cost and it keeps on giving in the future. At these low valuations, simply buying back the stock with excess cash flow will force the stock a lot higher over time, so it is a great long term move, and I think Cook handled this one perfectly. He is learning on the finance side, and he is already close to the very top on the logistics/production side. I think the constructive criticism is making them better.
    Feb 10 07:04 AM | 5 Likes Like |Link to Comment
  • Android Instability [View article]
    Android is a complete mess and it always has been, but it has also always been free--and free works. I think the recent sale of Motorola tells us something big and nobody has noticed: they were desperate to fight Apple in the high end, and they ended up fighting their own partners instead. They failed and have changed course. I agree with you and Mr. Evans: they are making this song up while they jam, and the only constant in Android is that it will always be designed for Google to take your data and clicks. I suspect it will always be a mess with malware, fragmentation, instability, and poor battery life, but it will be free for letting them own your clicks private data. Free beats all of those concerns I suspect, but we will see.
    Feb 9 08:25 PM | 3 Likes Like |Link to Comment
  • Clean Energy Fuels' LNG Strategy Is Crumbling [View article]
    The problem is that CNG takes up space and weight for the tanks. You can certainly make a truck that will go 500 miles. But, when analysts crunch the numbers on lost revenue (because the CNG trucks have tanks instead of revenue) it makes sense to buy the LNG. That is the part you are likely missing. Shipping companies are probably looking at carrying the extra revenue and figuring that into the equation, and I suspect you aren't. You are comparing the two trucks as if they carried the exact same payload. And yes, airplanes are the same. You can make a plane that flies around the world. But, the fuel tanks will take up all of the space and weight available. If companies can ship even 5 to 10% more on an LNG truck, the extra revenue really adds up over time. The lost revenue is a bigger number than the NG cost.
    Feb 9 08:08 PM | 2 Likes Like |Link to Comment
  • Clean Energy Fuels' LNG Strategy Is Crumbling [View article]
    The problem is physics. Energy density is astronomically higher when the gas is liquified. Energy density is the same reason why CNG won't ever power jet aircraft. I believe Boeing is studying LNG though. The weight and volume of the tanks create a huge engineering problem.
    Feb 8 07:39 PM | Likes Like |Link to Comment
  • Clean Energy Fuels' LNG Strategy Is Crumbling [View article]
    Wonderland, all of this sudden negative press appears a little odd to me, but I will certainly listen to what they have to say. I look at insider purchases and sales a lot to find out what the smartest people are doing. One of the smartest "insiders" on natural gas, and unbiased by profit motives, is UPS. UPS has been operating thousands of alternative vehicles for many years, including LNG and CNG. They study details and cost like nobody else. They even brag about ordering which foot the drivers step out of their vans to deliver packages. They also squeeze blood out of turnips to find every penny. The fact that they are one of the most experienced, largest, and smartest operators of both CNG and LNG vehicles, gives them "insider status" in my book. They will take delivery of 700 tractors btw, so you have to wonder why UPS rejected CNG for LNG. The fact that they picked CLNE and LNG over CNG tells me that these authors could be wrong in their cost analysis.
    Feb 8 06:51 PM | 24 Likes Like |Link to Comment
  • Apple repurchases $14B of stock in two weeks [View news story]
    Exactly, and that is why valuation matters! Giving away shares doesn't work long before somebody snaps them up--including Apple.
    Feb 7 08:22 AM | 2 Likes Like |Link to Comment
  • Hawaiian Airlines: This Obscure Airline Is A Strong Buy [View article]
    Agreed! I like HA and AAL particularly, but I think all of the airlines are undervalued. Nice article.
    Feb 6 07:26 AM | 1 Like Like |Link to Comment
  • Sharks Are Closing-In On Clean Energy Fuels [View article]
    Rafie, the author is making a lot of unproven accusations imho. For instance, he states that the natural gas will "boil off" and that it is "unstable!" Yet, this is the same natural gas that safely heats America's homes and water every day, and has for a very long time. Unstable? Nope. Natural gas is stable and predictable. Otherwise it wouldn't be used all over the world. Natural gas does have a high pressure at normal temperatures, and that is exactly why CLNE builds these stations: to keep it from boiling off! But, this is very basic engineering, similar to what it takes to build an air conditioner that doesn't boil off refrigerant. I would love to see his source for that statement.
    Feb 5 12:55 PM | 11 Likes Like |Link to Comment