HKI's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/224368/comments http://seekingalpha.com/article/146861-mcdonald-s-new-burger-is-another-reason-to-love-it?source=feed#comment-579975 579975
MCD has introduced premium burgers before and they flopped. Think McDLT and ArcheDeluxe. While new burger product introduction is not a frequent event, history will show that the track record is not good especially on a premium beef burger.

You also seem to suggest that the best tasting burger wins which doesn't appear to be the case. When did MCD ever offer the best tasting burger relative to Burger King and Big Boy in the early days or In-N-Out nowadays? If offering the better burger wins, it would be Burger King dominating the QSR industry today.]]> Thu, 09 Jul 2009 00:30:27 -0400
MCD has introduced premium burgers before and they flopped. Think McDLT and ArcheDeluxe. While new burger product introduction is not a frequent event, history will show that the track record is not good especially on a premium beef burger.

You also seem to suggest that the best tasting burger wins which doesn't appear to be the case. When did MCD ever offer the best tasting burger relative to Burger King and Big Boy in the early days or In-N-Out nowadays? If offering the better burger wins, it would be Burger King dominating the QSR industry today.]]> http://seekingalpha.com/article/144546-starbucks-vs-mcdonald-s-filtering-through-the-coffee-wars?source=feed#comment-579956 579956
Another example: "Starbucks was not only eating into their [MCD's] coffee revenue but breakfast sales". Where is the proof for this unsubstantiated statement? Maybe some type of customer profile or survey? Or is this just your conjecture that now that SBUX offers breakfast, MCD must be losing customers?]]> Thu, 09 Jul 2009 00:01:53 -0400
Another example: "Starbucks was not only eating into their [MCD's] coffee revenue but breakfast sales". Where is the proof for this unsubstantiated statement? Maybe some type of customer profile or survey? Or is this just your conjecture that now that SBUX offers breakfast, MCD must be losing customers?]]> http://seekingalpha.com/article/109692-the-good-news-about-retail?source=feed#comment-325175 325175 Tue, 09 Dec 2008 22:55:35 -0500 http://seekingalpha.com/article/105727-why-don-t-private-equity-investors-hedge-against-bear-markets?source=feed#comment-305708 305708 Thu, 13 Nov 2008 22:20:13 -0500 http://seekingalpha.com/article/101945-please-close-the-markets?source=feed#comment-292113 292113
Here is a suggestion. Stop looking at the stock prices and close the market for "YOURSELF". The market price is there for people to buy and sell. And if you don't intend to do either and doesn't have the psychological make-up to follow its ups and downs, stop looking at it. Go do something useful like writing a thoughtful article on seekingalpha. But this article certainly isn't one of them.]]> Mon, 27 Oct 2008 23:29:22 -0400
Here is a suggestion. Stop looking at the stock prices and close the market for "YOURSELF". The market price is there for people to buy and sell. And if you don't intend to do either and doesn't have the psychological make-up to follow its ups and downs, stop looking at it. Go do something useful like writing a thoughtful article on seekingalpha. But this article certainly isn't one of them.]]> http://seekingalpha.com/article/101929-emerging-markets-currencies-the-next-crisis?source=feed#comment-290678 290678 Sun, 26 Oct 2008 09:17:59 -0400 http://seekingalpha.com/article/100628-south-korea-may-be-affecting-china?source=feed#comment-286887 286887 Tue, 21 Oct 2008 00:54:07 -0400 http://seekingalpha.com/article/100595-the-death-of-stocks?source=feed#comment-285993 285993
And thank you for this headline. This does make me feel we are getting close to the bottom. Just a couple more like this and it is time for the value guys to buy.]]> Sun, 19 Oct 2008 23:32:59 -0400
And thank you for this headline. This does make me feel we are getting close to the bottom. Just a couple more like this and it is time for the value guys to buy.]]> http://seekingalpha.com/article/98396-chinese-government-gives-china-mobile-revenues-to-china-telecom?source=feed#comment-272461 272461 Fri, 03 Oct 2008 08:40:27 -0400 http://seekingalpha.com/article/96993-the-pitfall-of-thematic-investing?source=feed#comment-263373 263373 Wed, 24 Sep 2008 09:18:25 -0400 http://seekingalpha.com/article/92117-merrill-lynch-8217-s-taiwanese-laundry?source=feed#comment-236362 236362 Fri, 22 Aug 2008 09:34:03 -0400 http://seekingalpha.com/article/91441-china-real-estate-loan-growth-may-be-slowing?source=feed#comment-234418 234418
BTW, most chinese bank loans are 1 year (except for project finance type loans) and they are simply rolled over every year. So a duration analysis on loans probably won't be very helpful in China.

Are there any particular B shares that you like?]]> Tue, 19 Aug 2008 23:30:47 -0400
BTW, most chinese bank loans are 1 year (except for project finance type loans) and they are simply rolled over every year. So a duration analysis on loans probably won't be very helpful in China.

Are there any particular B shares that you like?]]> http://seekingalpha.com/article/80480-focus-media-may-be-growing-fast-but-what-about-the-cash?source=feed#comment-202401 202401
To adjust for this, I looked at DSO based on revenue in last 2 quarters and last 4 quarters. Here are the results for the last 5 quarters:

DSO based on current Q: 149, 96, 102, 111, 127
DSO based on 2Q: 145, 145, 159, 153, 132
DSO based on 4Q: 136, 127, 117, 118, 121

After adjusting for seasonality, the DSO looks to be flat or down. And Wu actually said on the call that Q1 is a seasonally weak quarter so he was spot on. This also refutes George's original comment that DSO is trending up. I do agree with the criticism that the absolute level of DSO is high though.

On the subject of AR, the other topic worth pointing out is that the US$40 mil of receivables for CGEN seems extremely high. A revenue in Q1 of US$10 mil but US$40 mil in AR? No collections for a year?

I am long FMCN]]> Thu, 10 Jul 2008 13:53:10 -0400
To adjust for this, I looked at DSO based on revenue in last 2 quarters and last 4 quarters. Here are the results for the last 5 quarters:

DSO based on current Q: 149, 96, 102, 111, 127
DSO based on 2Q: 145, 145, 159, 153, 132
DSO based on 4Q: 136, 127, 117, 118, 121

After adjusting for seasonality, the DSO looks to be flat or down. And Wu actually said on the call that Q1 is a seasonally weak quarter so he was spot on. This also refutes George's original comment that DSO is trending up. I do agree with the criticism that the absolute level of DSO is high though.

On the subject of AR, the other topic worth pointing out is that the US$40 mil of receivables for CGEN seems extremely high. A revenue in Q1 of US$10 mil but US$40 mil in AR? No collections for a year?

I am long FMCN]]>