Seeking Alpha

lichan

lichan
Send Message
View as an RSS Feed
View lichan's Comments BY TICKER:
Latest comments  |  Highest rated
  • Drug makers face pushback on pricey meds [View news story]
    Nonsense! All over Europe and australia and other first world countries with single payer medical care, we are paying less for medications then the US. Obamacare cannot magically make everything better. It does however help people like my nephew who cannot get medical care because of a preexisting condition.
    Nov 25, 2014. 10:33 AM | 5 Likes Like |Link to Comment
  • How To Play A Recovery In Apple? The Same Way One Profited Off The Boom [View article]
    I went for dinner 3 nights ago with 3 other friends. Of the 4 of us, 3 owned the iphone and the 4th used to own an iphone but had just bought into a new plan and acquired a Samsung G4 that he had purchased that day. So, that was a worry.

    But then we wanted to take photos of each other and our food - you know how it is. His Samsung touch screen did not appear very sensitive to his touch and his camera action was not as good as iphone. Meanwhile, we with our older iphones were busy taking photos of each other and teasing him. Now this is anecdotal of course, but I'm seeing him again in a few days time. I'll be interested to see what he has to say about his new Samsung phone.
    Jul 20, 2013. 05:59 AM | 5 Likes Like |Link to Comment
  • With companies looking to avoid paying taxes on their profits, 83 of the largest firms kept $1.46T overseas in 2012, up 14.4% from the previous year, Bloomberg calculates. GE (GE) again had the most with $108B held offshore, up from $102B in 2011; Pfizer was second with $73B, after which came Microsoft (MSFT), Merck (MRK), Johnson & Johnson (JNJ) and IBM (IBM). [View news story]
    If you are going to quote Margaret Thatcher then you should know that actually, its an imbalance between taxes and spending which is the cause of the problem. Margaret Thatcher understood that like the housewife and daughter of a grocer that she was. Some that George W Bush failed to understand as he CUT taxes and THEN engaged in 2 wars - wars which were NOT FULLY FUNDED.

    Every good housewife knows a household has to have savings - for the rainy days. But George W Bush and the GOP just didn't get it. When the economy started to tank, there was no savings/surplus to fall back on Because Dubya squandered the surplus/savings.

    Whilst I'd agree that when taxes are too high, it can be a disincentive to work and invest and take risks, taxes are necessary to pay for the life and infrastructure you take for granted, roads, security, police, army, air traffic controllers, hospitals, schools and on and on it goes.
    Mar 10, 2013. 09:17 AM | 5 Likes Like |Link to Comment
  • Apple Has No Choice But To Make A Larger iPhone [View article]
    Yes, Paulos, you are correct. Web browsing is Massive. Before I got my iphone5, I didn't browse either. Now I wonder how I can live without it!

    Also, thank you for your article about the larger phone. I agree. Amidst all the noise about apple stocks, one thing is clear, Apple, has shown its willingness to cannibalise it self from ipod to iphone from mac to ipad to ipad mini. The larger phone will come.

    I live in the APac region and in large WELL connected cities like HK, Singapore and elsewhere, you see many people sit in the trains, buses etc and watch youtube or movies or their favourite episode of some soap opera. You need a larger phone for that. It's that simple, really.
    Mar 7, 2013. 05:54 AM | 5 Likes Like |Link to Comment
  • Gilead Is An Avoid [View article]
    I live in Australia and I have tell you, it would help if you had a national healthcare system. Across the board, first world countries with a national healthcare system spend less money on health with better healthcare outcomes measured by mortality.

    It's not small government, and it's not big government. Its smart government by the people and for the people.

    It's not how much taxes I pay, but how my taxes are spent. I have no problems with my taxes being used to pay for healthcare and disability. I'm happy that the janitor in my office will receive healthcare services nearly as good as the principals in my office. I'm not so happy if I think someone is enjoying disability payments when they are physically able to work. I think they should be made to work, even if it is doing piece work! I can accept some level of disagreement about how my taxes are spent as long as I believe 90% of it is spent on things I value, which includes the happiness and well being of those who are less gifted, less able then me.

    All this scare stuff about death panels. Well, America has its healthcare death panels - based entirely on who can pay/have access to insurance which will pay.

    I'm long GILD.
    Mar 23, 2014. 06:28 AM | 4 Likes Like |Link to Comment
  • Apple Numbers Get Serious [View article]
    My comment is slightly off topic: APPLE WATCH SALES

    Quite a few apple analysts have given the view that they had reservations about how well the apple watch will sell. One of the concerns being that the sales of apple watches will not replace the fall in sales in iPad and iPad mini, will not be a big driver of revenue for Apple.

    I wonder if most of these analysts are men, I wonder if women might have quite a different perspective to the apple watch.

    Most men I know pop their mobile phone in one of their pockets and pull it out when it buzzes or rings or when they want to check the time. Most men wear clothing with pockets all the time.

    Most women don't wear clothing with pockets all the time. So, just about every woman I know put their mobile phone in their handbags/computer bags - and have to remember to take it out of their bags. This causes a few problems. For a start, if a woman wants to check the time, a woman needs to open her handbag, pull out the phone and check it, put it back. Then there's the hassle of remembering to turn your phone back from vibrate to ring before you put it back into the handbag so you can hear the phone calls, coz you can't feel the vibrations of the phone in the handbag, unlike if the phone were in your pocket. If I'm at home and I'm not wearing something with pockets, I have to leave the phone out in a place where I can hear the phone ring. If I'm in the kitchen, I might not hear it ringing if I leave it in the living room.

    And then there's the reality in most countries where mothers still have most of the responsibility about managing the home and children even if they work outside it

    Zipping, unzipping, rezipping (or you can substitute buckling), having to remember to switch a phone from vibrate to ring, etc etc are are small, but cumulative hassles for a typical woman which most would rather not deal with if they can avoid it. hence the apple phone. I think a lot of women and mothers in particular would find these functions attractive enough to make them consider buying an apple watch that's strapped to our wrists:

    (1) read the time;

    (2) it vibrates telling us that a message, phone call has arrived or an appointment is due regardless of whether our phones are in our handbags, living room or garden or garage;

    (3) read the message, appointment, note, even answer the call with a quick sms to say "I'm in a meeting. Call you later."

    (4) is an additional piece of security for Apple pay. You need 2 pieces of hardware to sync along with our thumbprints before you can use apple pay.

    (5) has apps which will allow us to replace the fitbit that we are already wearing on our wrists right now.

    (6) has the apps which allows me to measure my blood pressure when I'm yelling at the kids :-) (and other health focussed apps).

    (7) the apple watch syncs seamlessly with the iPhone, the iPad, the Macbook, the family's macbook, iPad and iPhone and the whole eco system.

    All that stuff about specs, and whether the Samsung phone is better than the other. Once a family is on an Apple platform, most mothers I've talked to don't give a damn about individual specs.. Mothers, just want everything to work so that they can manage the children and the household and their work as easily and seamlessly as possible because most mothers juggle and when all the electronic devices talk together, that's just one thing a mother does NOT have to juggle.

    (8) Then of course, the big one. When Internet of Things takes off in our homes, we don't want to have to carry our iPhones all the time. Remember, we are women and we don't always wear clothing with pockets. But a wristwatch can be always on and we can control IoT stuff with the watch.

    So, my hypothesis is that:

    (a) women will be big buyers of the apple watch because we don't want to adopt fashion which requires us to wear clothing with pockets all the time.

    (b) sales of apple watch will take time to ramp up because there aren't nearly as many early adopting fangirls as there are early adopting fanboys of technology. But women may end up adopting the apple watch in large numbers - perhaps more then men.

    Perhaps that's one reason why Angela Ahrendts was hired. She knows women, knows fashion, knows what it will take to appeal to women. So, unlike the google glasses, I think in the medium term, the apple watch has a bright future. Whether that's enough to move the needle on revenues in Apple significantly - is the 64 billion dollar question.
    Feb 12, 2015. 09:52 PM | 3 Likes Like |Link to Comment
  • IDC 2014 Smartphone Data: Apple Catches Up On Samsung; The Chinese Aren't Too Far Behind [View article]
    I too, agree with Ben Frost's statement. My husband owns an iPhone 4 and has been using it every day for 4+ years. It's still working well thanks to regular software upgrades. Given how hard that iPhone 4 works, given how the hardware specs are rather out of date,given how the iPhone 4's memory is FULL after 4 years, it's remarkable how well it really works. It's probably about 1 to 2 seconds slower than then my iPhone 5. When hubby upgrades to an iPhone 6 in a few weeks time, we'll pass the iPhone 4 to our teenager.

    I don't see myself upgrading from my iPhone 5 for another 2 years or until ApplePay happens in my country, which ever is earlier.

    So an upgrade once every 3 to 4 years - but it's unlikely we'll migrate to an Android ....
    Feb 3, 2015. 07:24 PM | 3 Likes Like |Link to Comment
  • Gilead Has Been Rocked After Earnings, But I'm Looking To Buy! [View article]
    Just 2 thoughts:

    (1) ABBV's patent filing. Patents are where the law meets cutting edge technology and you'd need expert advice from both the IP lawyers AND the technical folks to understand whether ABBV's patent claims have merit, and whether GILD's infringes them. Also, if GILD does infringe ABBV's patents, whether GILD has any WORKAROUNDS to avoid infringing ABBV's patents in the future.

    (2) ABBV's Hep C drugs are likely to be approved - although, until it is, nothing is 100% certain. Assuming that ABBV's Hep C combination is approved, we know that ABBV is going to take some market share. How much of a market share - 5% or 25%, no one is certain. I think many investors are taking profit as a result of this uncertainty - after all, for those who bought the stock at $85 and under, they are sitting on a 30%+ profit if they sold-out at $110.00. This is especially the case for Fund Managers who will want to lock in their profits before year end.

    I suspect that there will be a measure of over-correction so I'm looking to start buying the stock if the price falls below $90. I will start writing put options as GILD falls below 100 to make some premiums during that time.
    Nov 17, 2014. 09:36 PM | 2 Likes Like |Link to Comment
  • "Apple (AAPL -2.1%) is leaning toward additional dividends or a share buyback program," Quartz reports. Sources claim an announcement could arrive in spring, possibly at the same time as a product announcement. Between Apple's remarks and David Einhorn's campaign, many of the Street have been expecting a move. [View news story]
    I'm confident new products will be announced. AAPL aren't fools. They know they need to address certain markets.

    I do think that they need to staunch the bad news as a PR/Marketting matter. AAPL should to initiate a share buy back in order to provide some support for the shares. Share prices do matter because falling share prices affect employee morale. It also affects the way consumers view AAPL, premium brand, with a tanking stock price - it's not a good idea. Consumers do get attracted to the glitz of a company that's doing well. They want to see what the story is about.
    Mar 12, 2013. 10:33 PM | 2 Likes Like |Link to Comment
  • Apple Has No Choice But To Make A Larger iPhone [View article]
    If you live in Asia and see how people use the phone in big cities, you'll say that Apple going for a bigger phone is a no brainer. That and Apple finding a lower price point then the current price points. Yes, margins will get squeezed, but the market size is so huge, some squeeze will still result in good profits for Apple. I'm long apple by the way.
    Mar 7, 2013. 11:07 AM | 2 Likes Like |Link to Comment
  • Apple: Zero Growth ... Really? [View article]
    I don't think Apple shares will not go into negative growth. Nokia, Blackberry, had a technological gap. (I was a blackberry user until 4 months ago before switching to an iphone 5.) Blackberry and Nokia simply didn't have the technology found in iphones (flat touch screen technology, web browsing capabilities, iTunes just to name a few) for a period of time and has been playing catch up technologically ever since. There were a whole host of reasons why Nokia and Blackberry simply tanked. This gap in technology does not exist in the case of Apple and Samsung/Android.

    I don't believe Apple has to price their products as low as Samsung's in order to gain market share in Asia and other emerging markets. There are still some differentiators. For a start, the whole Apple Eco system is valuable to technology duds like me and my family. I like the seamless integration of all my families mac devices. My daughter is still at school. Almost all schools use Apple computers. I don't know of any family that stops at 1 mac device.

    And of course, the much maligned Tim Cook was willing to cannibalise the Ipad with the ipad mini, just as Steve jobs cannibalised the macbooks with the ipad. It doesn't take much to imagine that Apple will produce a iphablet for China and India. Essentially, there are 2 billion people whose smart phone needs haven't been addressed. Apple can still address them and gain market share.

    Of course, Apple margins will get squeezed. But squeezed does NOT MEAN negative growth or losses. At the correct price points, margins may be lower but the growth in market share could be explosive in Asia. Apple has a brand name for quality. We Asians aren't stupid. If we can get apple devices cheaper (though not as cheap as Samsung), because of competition, I think quite a lot of us would go for Apple, with a brand name, eco system and quality we can better trust.
    Mar 5, 2013. 12:19 PM | 2 Likes Like |Link to Comment
  • Apple sets Watch prices; pre-orders start on April 10 [View news story]
    No you are not the only one who will find this watch useful. I do too.

    As a woman who has to pull her iPhone out of her handbag a dozen times a day (I often wear skirts and dresses without handy pockets and a holster just don't look good with that skirt - Duh!!!) I can see precisely the use that you described.

    However, being conservative, I'll probably wait till at least the end of this year before buying an apple watch. I want to read more about the pros and cons of the apple watch, and what it can do in terms of monitoring vital signs such as blood pressure etc. before I get one.
    Mar 10, 2015. 05:00 AM | 1 Like Like |Link to Comment
  • Silver Wheaton (SLW): Q1 EPS of $0.38 misses by $0.02. Revenue of $205.8M misses by $46.66M. (PR[View news story]
    If you are waiting to buy SLW at below 24.00, why not write puts and earn some income. You've set the money aside anyway. At COB on Friday 10 May, the June 13 puts strike price 23.00 can be sold for 0.89cts. That's a 3.87% return in a month. If SLW does not go up by much for the next 3 months, then during that time, you'll make conservatively 10 - 11% and a chance to buy SLW at below 24.
    May 11, 2013. 01:44 AM | 1 Like Like |Link to Comment
  • Best Windows Laptop? MacBook Pro! [View article]
    Hmmm, I don't go to suggestive websites and download suggestive materials etc etc.

    I used a PC for work and home use exclusively, for years and years. Then, I bought a Mac for home use and continued to use the PC for work coz it was required of the company. Without question, I prefer using my Mac, just greater ease of use, less trouble over all.
    Apr 29, 2013. 03:48 AM | 1 Like Like |Link to Comment
  • Apple Has No Choice But To Make A Larger iPhone [View article]
    Actually, guys complain that the larger phones don't fit well in the front pocket of their pants and they can't put it in their back pockets. The women don't care because they carry it in their handbags...
    Mar 7, 2013. 11:05 AM | 1 Like Like |Link to Comment
COMMENTS STATS
32 Comments
49 Likes