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leland

leland
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  • Bank Of America: Now Stronger Than Ever [View article]

    Relatively, Citibank uses its cash to redeem/retire a lot of preferred shares and notes. Average rate for these security is about 6.5% yield. Citibank
    will save a lot of money from interest payment. That will contribute to its quarterly earning(probably 3-5 cents/share).

    I have both C and BAC, but relatively C is better in terms of valuation.
    Sep 3 03:21 PM | Likes Like |Link to Comment
  • Bank Of America: Now Stronger Than Ever [View article]

    How to buy 6.625% yield preferred stock ?
    Is it public traded ? and what is the symbol ?
    Sep 3 01:15 PM | Likes Like |Link to Comment
  • Netflix - No Great Risk-Reward Opportunity After Goldman Fuels Momentum [View article]

    This is a typical pump and dump game, like what they did to many hype stocks.
    Jul 8 12:04 PM | Likes Like |Link to Comment
  • Penn West Continues To Execute With Impressive Q1 Results [View article]
    I love to read your write and detail analysis.
    Please keep writing whenever you find something worth to write.

    I do not have call option, however, my 401K has large number of shares.
    I am confident it will go to double digital within a year if oil and NG stay around this price range, at same time I can collect around 6% dividend(my shares mostly are purchased at the end of last year).
    May 1 11:51 AM | Likes Like |Link to Comment
  • Cliffs Natural Resources: The Good, The Bad And The Ugly [View article]
    I agree many comments posted already here.
    Short term it's not good. It will go down more before going up.
    The situation in China is getting worse. The house price just started busting last year, and the bubble busting gradually spreads to the some other areas. Definitely the massive construction(in the last 20 years) in China is slowing down.

    Among all commodities, only energy, especially oil and NG are good because they are consumable items(cannot be recycled and last longer). some Canadian oil/NG stocks are traded very low valuation with good dividend payout. or buy BAC/C which are still traded below book value(C is even lower than tangible book value).
    Apr 22 12:24 PM | Likes Like |Link to Comment
  • Pan Am Silver cut to Sell at Goldman as silver prices seen overvalued [View news story]
    GS much shorted gold and silver related stocks.
    Most of them are up from 20-50% this year along with the gold/silver price.
    Feb 25 04:06 PM | 1 Like Like |Link to Comment
  • Penn West Continues To Execute Against Its Turnaround Plan [View article]
    Good analysis, but I think your price target(trading at 80% of the book value) is too conservative. Most of oil/NG companies are traded above 1 PB ration. Some as high as 3-5 PB ratio. After it completes consolidating assets, it will be a very capital efficient company, it should be able to trade above 1 PB ratio, probably around 1.5. The good news is that current NG/oil price environment will help the management team reach the target quicker than original expected.
    Feb 21 12:57 PM | 1 Like Like |Link to Comment
  • Penn West Continues To Execute Against Its Turnaround Plan [View article]

    Isn't this what the current management focus ? It may take several months to get things done appropriately. The good thing is the management team is working on that.

    or you are talking about the risk of new drilling. The result of new drilling may not be as good as original expected in terms of quality and volume.
    Feb 8 11:04 PM | 1 Like Like |Link to Comment
  • Penn West Continues To Execute Against Its Turnaround Plan [View article]
    Regard the risky that you mention in the article.
    Could you please share some thought about it ?
    Here are the risks that I feel could affect PWE business.
    * Oil and NG price collapse. Another 2008 type of recession, which could cause oil/NG price collapse. This is less likely will happen.
    * Natural disaster, such as earthquake happens in areas that PWE has a lot of oil/NG wells. PWE should have insurance to cover majority of the damage.
    Feb 8 04:58 PM | Likes Like |Link to Comment
  • Amazon's Earnings: Holiday Retail Competition And Sales Tax In Focus [View article]
    It is very possible that the coming quarterly earning could trigger the bubble bust. In all its business sectors, I only see its cloud computing business has growth in both revenue and profit. All other areas, I serious doubt.

    * Its retail business will not be as good as expected due the the effect of sales tax. Keep in mind that main reason that people shoping online is the price. For those expensive items, such as high end digital cameras, the tax could be as high as $100-$500. Consumers will shop somewhere else. What I notice that people in the west coast make big purchase from the online stores in east coast, such as B&H, buydig.com and Adroma. Consumers in east coast buy all stuff from online stores in the west, such as newegg.com and buy.com. 7-9% tax is quite big, and anyhow, Amazon doesn't carry all items by itself. B&H, buydig.com and newegg.com would rather do the business by itself. These online stores also are well known and have good reputation.

    Speaking about its Kindle business. Its Kindle HD is not doing well. That's why it has to give $50 discount in order to move its inventory. Many bought kindle devices are price sensitive consumers, they won't spend much on the contents. This business defintiely is not doing well.
    Jan 25 07:18 PM | Likes Like |Link to Comment
  • The True Reason Why Wal-Mart Dumped Amazon's Kindle [View article]
    New Kindle Fire does not get good review. It's much worse than Google N7. No gmail account access, no Google player store, no Google map, and no offline GPS.

    Its first generation kindle fire didn't have serious competition because most of other 7" tablets are either too expensive or less powerful. Now the market has one, and a very competitive one, N7 resonablely priced, an especially it is from Google. It can get bug fix, software update earilier than others. It's also more powerful than Kindle Fire.
    Sep 21 03:04 PM | Likes Like |Link to Comment
  • Amazon.com: The Fantasy Keeps Growing [View article]
    100% agree. AMZN valuation is similar to CSCO in year 2000.
    At that time, some analysts even said CSCO would first trillion dollar company in terms of market cap. Once its growth goes down, earning power/margin will be more important. Its stock also will be back to like CSCO.

    To sustain the growth ratio it actually has been trying different things in the last few years, some will success and some will fail.
    Like what you said, tablet, Android Apps business will fail. It most likely will stay in online retail, book, and may be some cloud computing business. However, the competition is tough in these business. Large part of its business is online retail. It's low margin business, and most of consumers only have loyalty to the price, also considering the sale tax advantage will be end soon. Its growth will be smaller and smaller. Once its growth is less than 20% year / year.
    It probably has to have at least PE around 30 to maintain its stock price. Based on today's price it has to make $6-8/year. I serious doubt.
    Jul 27 04:15 PM | 1 Like Like |Link to Comment
  • 4 Dividend Stocks for Safety and Yield [View article]

    Your dividend data for INTEL is not correct. INTEL has raised dividend to $0.84/year. The coming one in Aug will be 21 cents for this quarter.

    Intel raised the dividend twice in the last 6 months(Dec, 2011, and June 2011 announcement), your $0.63/year dividend was two cycles back.
    Jul 22 04:23 PM | 1 Like Like |Link to Comment
  • 4 Dividend Stocks for Safety and Yield [View article]
    Your dividend data for INTEL is not correct. INTEL has raised dividend to $84/year. The coming one in Aug will be 21 cents for this quarter.

    Intel raised the dividend twice in the last 6 months(Dec, 2011, and June 2011 announcement), your $0.63/year dividend was two cycles back.
    Jul 22 04:20 PM | 4 Likes Like |Link to Comment
  • Why Cable and WiMax Shouldn't Mix [View article]
    Based on your logic. Comcast will never lose TV business to satellite,
    AT&T and Verizon TV because people already have cable TV, others
    have no opportunity. Similarly Comcast and other cable companies will never get phone business from AT&T and Verizon.

    These days VOIP technology is mature, voice quality is a good as regular celluar phone. If my laptop or PDA with wi-fi can access internet anywhere via wi-max, I probably don't need a celluar phone,
    considering those UMPC, UUMPC and UUUMPC coming out in the next few years. Those ultra ultra ultra mobile PC battery life could be a couple of days. Those skype based phone devices(only use
    network) will come out. Most of people can just buy one wi-max service for all they need to connect to internet, to make phone call.
    One wi-max service account could be used by mutliple devices, such as notebook, GPS, MP3 players and skype phone devices/PDA.
    May be even for their home network. Think about right now how many service that one has to buy.

    Regular phone, brandband network, wireless, and may be TV.
    If Wi-Max is available with its 2.0 bandwidth, probably all the services can go with Wi-Max. The companies provide Wi-Max services can provide add-ons services, such as VOIP phone
    and TV. They can pass a lot of saving to consumers. We, as
    consumers will get the benefit of the competition. Of course, people will switch to Wi-Max service if the price is right. Remember consumers only have loyalty to the price, and value.

    Mar 26 04:35 PM | Likes Like |Link to Comment
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