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ArtfulDodger

ArtfulDodger
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  • The Stock Market Speaks - We Learn Irrationality Isn't Always Associated With 'Exuberance' And 'Euphoria' [View article]
    Fellow Investors:

    I have no idea how anyone can get through a piece such as this one. It looks like info piled on top of info for the sake of creating a pile of words.

    This one paragraph I saw after scanning to the end would have sufficed in my book: "This past Monday morning was certainly a stock market opening that few will forget, as prices on some individual names plunged 15-20% at the open. During the irrational sell off, I stepped in and purchased more shares of (AAPL), (GILD) and (VZ)."

    If investing were this difficult, if you needed this much rambling information that often repeats exactly what happened the last couple of weeks, Warren Buffett and Carl Icahn would have needed day jobs. And they did not!

    To those of you that this type of piece helps, have at it. The best to you!

    However, I suggest this to young and new investors: Simplify! Simplify! Simplify!

    Toward that end, find companies that have good management, quality products, experienced marketing, and stellar balance sheets — and buy them when everyone else hates them.

    I have recently bought QCOM and GLW, to name a couple that match the above qualifications and quantifications.

    The best to everyone's investing: AD
    Aug 29, 2015. 09:42 PM | Likes Like |Link to Comment
  • Ensco Has Become A Great Value Play [View article]
    Fellow Investors:

    The author wrote: "•As oil is forming a long-term bottom..."

    Comment: I stopped reading right there. People who insist on calling bottoms and tops in markets and stocks will not get over a couple of seconds of my attention. It means to me they haven't been around very long, or they're taking a free shot at new and young investors. I say a free shot because there are no consequences for making such predictions that rarely (if ever) are correct.

    I do wish anyone who owns ESV or plans on buying it the best. With the massive glut of oil that's out there right now, I can't see it at this point. But perhaps that glut will disappear quicker than normal and quality drillers will go on a run. Let's hope.

    AD
    Aug 29, 2015. 01:08 PM | 1 Like Like |Link to Comment
  • Seagate Is In Trouble And Nobody Seems To Care [View article]
    Mark:

    That's a very good comment. Thank you.

    I am, however, concerned about the debt that STX has accumulated over the last few years. Debt and government intervention worries the hell out of me; both are dangerous and can be deadly killers of businesses. Look at the coal industry. Look at the debt the utility industry is having to take on because of government rules, regulations, and mandates. Very dangerous!

    Otherwise, I agree with you, and am sticking with STX, but will watch how the company manages its debt.

    I am, the ArtfulDodger
    Aug 27, 2015. 02:51 PM | Likes Like |Link to Comment
  • Safe 11% Annual Return With Broadcom [View article]
    Chris:

    It may be possible to qualify BRCM as an investible stock, but quantifying it is another story. Every ratio is far too out of whack for me — other than its debt structure, which is excellent.

    I couldn't imagine anyone who likes to buy high-quality, out-of-favor stocks buying one that sells at 25 x earnings, 3 x book, and 21 x cash flow, unless it were the company with the hottest products on the planet, such as perhaps AAPL, and BRCM ain't APPL.

    I'd much prefer QCOM or GLW at this point.

    Thank you for the piece and the info on the "merger." AD
    Aug 25, 2015. 02:03 PM | 1 Like Like |Link to Comment
  • Yahoo Is Dead: Buybacks Will Not Save The Giant [View article]
    BobCat:

    Very good points you make. No doubt in my mind that in the current market atmosphere buying companies that are selling at less than their breakup value is a winning strategy.

    BC wrote: "investing in YHOO is a special situation/ valuation play."

    Exactly. The author not being an investor himself obviously does not understand this.

    Thank you for the comment. AD
    Aug 17, 2015. 09:06 PM | 3 Likes Like |Link to Comment
  • Corning: Quiet Sell-Off Creates Opportunity [View article]
    MisterEd:

    You wrote: "It will give you something to do that post on here all day."

    I have to admit that your thinking is far beyond my ability to understand. So, I'm signing off on attempting to do so here and now.

    Where the hell is my "Ned & the Pup First Reader," Maude? I need a review — quick.

    AD
    Aug 15, 2015. 03:56 PM | Likes Like |Link to Comment
  • Cisco Systems - A Lesson On Accounting Standards [View article]
    Value:

    Thank you very much for the clarification. Makes a lot of sense now.
    That "arguably" can be quite a slippery word, for those who pay enough attention to think about it.

    I'm going to give you a follow tap just for showing enough respect to one of your readers to make that clarifying response.

    The best to you and your investing: AD
    Aug 15, 2015. 03:52 PM | Likes Like |Link to Comment
  • Low P/E Stock Of The Day No. 16: Seagate Technology [View article]
    Fellow Investors:

    I don't respond to commenters who don't have a bio.

    So to all investors, just let me say that when a company as small as STX has about 1.5b more debt than cash and its debt climbs to over about .70 x equity (STX's is about 1.35 x), that balance sheet bears watching.

    I try to stress this with young and new investors: Just because a company has the money to pay its bills, the type of debt STX has eats away at margins, real earnings, and the company's ability to maneuver as it pleases or may need to.

    Take note of STX's margins and watch them carefully, if you are invested in STX: GPM: 27%. NPM 12%.

    Young investors tend not to pay any attention to debt, as you can see from the comment above. I received the same and even greater vitriolic responses when I was warning people about SDRL & GM, to name a couple. Look what happened to them.

    I've been warning people of late about our utility companies which the government has been attacking with a horde of rules, regulations, and mandates for the last six-years or so. The result has been a massive accumulation of debt such as we've never seen in history. Yield hogs beware!

    Remember this: The only thing that has come close to destroying as many businesses as the government has — is debt.

    Beware of debt and government attacks against your investments. If you do that you'll dodge a lot of suffering and save yourself a lot of money that can be invested elsewhere in safer, more rewarding places.

    I remain, the ArtfulDodger
    Aug 15, 2015. 03:15 PM | 2 Likes Like |Link to Comment
  • Corning: Quiet Sell-Off Creates Opportunity [View article]
    MisterEd:

    You wrote: "I don't read Chinese either. That does not mean if I could I would not get something out of it."

    Now, that makes a lot of sense. Where are my tea leaves? Let me go get the horoscope and weegie board, and I'll be back with you on what we ought to buy next. What else?

    AD
    Aug 14, 2015. 07:54 PM | Likes Like |Link to Comment
  • Cisco Systems - A Lesson On Accounting Standards [View article]
    Dear Value:

    A couple of confusing statements: “Cisco would arguably be better off paying overseas workers with additional cash payments rather than to issue stock.” “This is arguably not a very elevated multiple in today's environment.”

    Does this mean that these points can be argued, they should be argued, they have been argued, or they can’t be argued?

    I truly do not know.

    Otherwise, thank you for the piece.

    AD
    Aug 14, 2015. 07:29 PM | 4 Likes Like |Link to Comment
  • Low P/E Stock Of The Day No. 16: Seagate Technology [View article]
    Fellow Investors:

    Very small investment here at a low price. Don't like the continuous build up of debt over the last few years.

    If I were considering STX at this point, I would have to know what management plans to do with the debt and how manageable it is.

    AD
    Aug 14, 2015. 07:12 PM | Likes Like |Link to Comment
  • Predicting Is Hard Business [View article]
    That's an excellent point, George. Thank you for making it.

    You should write a piece --- on that one subject --- because it is badly needed.

    The best, AD
    Aug 12, 2015. 01:31 PM | Likes Like |Link to Comment
  • Cisco's Strong History Of Beating Earnings [View article]
    Fellow Investors:

    Whether CSCO beats earnings or not is a lot of worthless left-brained nit-picking usually carried on by non-investors looking for something to argue about.

    What about, How are their margins holding up? Are they expanding or contracting? How are they managing their debt load? Is their debt growing or declining? What are they doing with their cash? How is their plan going to "digitize the world a nation at a time"?

    The answers to those questions will give you some meat to chew on.

    Run as fast as you can from the nit-picking that non-investing carpers are always bringing up. Make that part of your investing discipline not to pay this crap any attention. You'll be much better off.

    I remain, the ArtfulDodger
    Aug 12, 2015. 01:28 PM | 1 Like Like |Link to Comment
  • Predicting Is Hard Business [View article]
    George:

    Sorry about the way I have to read your pieces. I'm only able to keep about seven subjects in my mind at once. Yours usually have far more than that.

    You make some good points, my brother. But might I suggest an editor taking a look at your work before you blast it out. Or, perhaps chopping your pieces into threes so that those like me with small brains can catch up. After all, there's no law that says you have to throw everything including the family commode into each article, is there?

    Has any great successful investor ever used options in such a way? Could you imagine Icahn or Buffett doing all this "to enhance return"? Seems like a lot of work for little gain with no reasonable amount of positive risk/reward return for your money.

    Thank you for your work. AD
    Aug 11, 2015. 06:48 PM | 1 Like Like |Link to Comment
  • Predicting Is Hard Business [View article]
    George:

    The only option I know of in investing is that I have the choice of buying, selling, holding, waiting, or doing nothing.

    This makes my 50th year of investing, and I've yet to buy a stock option. I have, however, traded futures where I sometimes had 15x leverage. Now, that makes sense to me. Buying options — bah!

    But I wish you well in such endeavors, though I believe you would profit yourself moreso by buying good companies with dedicated management when they're out of favor and seeing if they can make a run upward for you.

    I remain, the ArtfulDoger
    Aug 11, 2015. 12:53 PM | 1 Like Like |Link to Comment
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