Seeking Alpha


Send Message
View as an RSS Feed
View wwu124's Comments BY TICKER:
Latest  |  Highest rated
  • MORL Is A 'Too Good To Be True' Investment [View article]
    Just to add a note here since I had just read again the author's concluding remarks about AGNC and MORL. I had been a quite long-time investor in ACAS (I started to buy ACAS in February 2009 and sold out the shares in January 2014), and, because of this, AGNC was always on my list of closely watched stocks. I will not spend time to provide any argument here. I do believe AGNC is a good company/business. However, I have never bought/held AGNC shares. To me, MORL is simply a better alternative. That was the reason I stepped out of the sideline and bought shares of MORL in the summer of 2013 when it was sold at a steep discount.
    Feb 26, 2015. 12:20 AM | Likes Like |Link to Comment
  • MORL Is A 'Too Good To Be True' Investment [View article]
    Thank you for the link.
    Feb 25, 2015. 11:55 PM | Likes Like |Link to Comment
  • MORL Is A 'Too Good To Be True' Investment [View article]
    Can somebody find out this? If I bought 1 share of MORL in March 2013 and reinvested all the dividends since then, how many shares of MORL would I have by now?

    It is true that the price now is about 30% lower now than that in March 2013, but, that chart does not reflect the dividend reinvested. My calculation finds that $9.42 has been distributed since March 2013. In comparison, the chart at reflects the dividend payout. The current price is very close to March 2013 high.

    I want to say that it is unfair to pick two specific times to do the comparison (please see below for another unfair pick of times, in this case, a very happy one). I had been watching MORL since it started trading but did not buy MORL in March 2013 or that period of time, mainly because MORL was not trading at a significant discount to its "book value," I mean, the "value" calculated based on the book value of its components, for those who believe MORL does not have a book value in the traditional sense. I do not remember that number now. I believe it was trading at a premium.

    Instead, I bought MORL in the 2013 June-August period with 1/3 of my roll-over IRA account. My original cost basis was very close to $18. I could not be happier now. My MORL share count has increased by exactly 40% when I checked my eTrade account today. As long as the interest rate remains stable, I think I will remain happy.
    Feb 25, 2015. 05:31 PM | Likes Like |Link to Comment
  • Nokia: One Step Closer To A Positive Samsung Settlement? [View article]
    Nokia share price is very cheap, no matter how you slice it.
    Feb 16, 2015. 11:43 AM | 4 Likes Like |Link to Comment
  • Extra Space Is A Trusted Brand To Buy When Mr. Market Is Snoozing [View article]
    On my book, this company is very richly valued. It may stay as it is right now, but, I cannot imagine further expansion of the multiples. Even if these numbers contract a little bit, I will not be interested. I will look elsewhere.
    Jan 14, 2015. 07:41 AM | Likes Like |Link to Comment
  • Strong N1 Tablet Sales Confirm Nokia's Global Brand Appeal [View article]
    I just have one question for the author: Where did you get that 15% gross margin on the part of Nokia for the N1?

    Anyone really know the ball-park royalty rate that Nokia receives from Foxconn?
    Jan 10, 2015. 10:58 PM | 3 Likes Like |Link to Comment
  • Is This The End Of The 'Shale Oil Bubble?' Or The Beginning? [View article]
    What I meant was, those businesses blossomed. They did. If you traveled to Houston, you can see that it is a boom town with constructions rising like mushrooms. Some of my friends from China compare Houston with cities in China, in terms of constructions.
    Dec 12, 2014. 03:40 PM | Likes Like |Link to Comment
  • Is This The End Of The 'Shale Oil Bubble?' Or The Beginning? [View article]
    What would I do if I were the Saudis, once a determining factor in the oil market? We have seen oilsands and fracking blossomed in the past decade. The Saudis saw the risk to its share in the oil market. I guess, the only way of protecting its market share is to reverse what has happened in the past decade. Therefore, if the Saudis is determined to protect its market share, oil price will stay low and for a quite long time. Think about this. Oilsands and fracking businesses took off in Canada and US. I believe China has a lot lands that are suitable for fracking. It's just that they have not yet learned the technology (they are well known copycats and they will master the technology one day). Now, consider all the other countries with the potentials. When all these resources are developed, the Saudis are doomed.

    Now, look back some years. As the price of oil rose from $25 to $140 per bbl, the Saudis set the stage for the development of oilsands and fracking technology. Oil price should not have risen to that level. The Saudis dug their own grave. While the good time lasted, they spent all the money and enjoyed their lives. They did very little to diversify their economy. Now, they do not seem to have a choice, either die a slow death or make oilsands and fracking economically not rewarding.
    Dec 12, 2014. 03:15 PM | 2 Likes Like |Link to Comment
  • MORL December Dividend Higher - Annualized Yield 23.1% [View article]
    Even if I do what you suggested here, I do not get 11%.

    Here it is roughly:

    4X(dividend $1.20)/(average price $21) = 23%.
    Dec 6, 2014. 11:39 PM | Likes Like |Link to Comment
  • Is Seadrill Stock Worth Considering Right Now? [View article]
    SDRL is a sound company. However, I will not consider taking a significant long position near the current price. If the Saudis are seriously considering making an impact on fracking business, oil price will drift to between $40-$50 per bbl. I will consider taking long positions when oil price reaches that level.
    Dec 2, 2014. 10:38 PM | 1 Like Like |Link to Comment
  • The Oil Trade [View article]
    My question is: how serious is Saudi's intention toward fracking? If its is seriously considering putting some serious strain on fracking, then oil price will gradually drift to between $40 and $50 dollars per bbl. I will buy when oil price gets there.
    Dec 2, 2014. 10:25 PM | Likes Like |Link to Comment
  • Is Seadrill Stock Worth Considering Right Now? [View article]
    At $100/bbl, oil sands and fracking becomes very profitable. As such, these businesses will blossom. There can be only an over supply of oil.
    Dec 2, 2014. 11:12 AM | 1 Like Like |Link to Comment
  • The Real Reason Saudis Didn't Cut Oil Production [View article]
    Oil price should never has risen from $25/barrel to over $100/barrel. That rise was pure manipulation by the cartels' greedy desires. They enjoyed a good decade of time and built their mega cities with glowing skyscrapers. They did not have the vision to use the oil profits to diversify their economy. Worse yet, with the sky-high oil price, technologies for oil sands and fracking, as well as other renewable energy sources, blossomed. It is time for the cartels to get back to reality.
    Dec 1, 2014. 02:27 PM | 4 Likes Like |Link to Comment
  • Nokia launches 7.9" Android tablet; shares +3.4% [View news story]
    Foxconn's target must be a lot higher than 1,000,000 units. Selling 1,000,000 units of this device is an insignificant event for Foxconn.
    Nov 19, 2014. 02:57 AM | Likes Like |Link to Comment
  • Rockwell Medical (RMTI) Q3 2014 Results - Earnings Call Transcript [View article]
    Baxter is a good sized company with a revenue of about $17B. With the recent deal, Baxter has invested a total of around $45M in RMTI. I do not think Baxter would make this deal if the management did not believe this deal would lead to a meaningful increase to its topline. If this deal leads to a meaningful improvement to Baxter topline, then the impact on RMTI will be a lot more meaningful. I have to believe that Baxter expects RMTI stock to appreciate.
    Nov 11, 2014. 12:09 AM | 1 Like Like |Link to Comment