Timothy Pereira

http://seekingalpha.com/author/timothy-pereira

16 Comments

    • ON: Mon Aug 18th 06:29 AM
      Commented on:
      How Apple Stock Should Be Valued: P/FCF
      Stephen Coleman doesn't deserve mention in any respectable article. He has committed numerous acts of fraud and has had his company's registration revoked by the state of Missouri. www.sos.mo.gov/securit...

      In addition to this, his website is a joke: www.daedaluscapital.co.../
      View article »
    • ON: Wed Jul 30th 00:25 AM
      Commented on:
      Baidu’s Q1 Earnings: Long-Term Positive
      Baidu is growing revenue fast and the trailing price-to-sales ratio is now 31. What really matters is whether there is a large enough market for a company's products, whether the company's business model works, whether they can maintain their market share, and whether the company's management executes well and reaches its targets. I have no idea where you get the idea that 20X sales was considered high during the height of the dot-com bubble. Many companies had barely any revenue to speak of and had multi-billion dollar market caps. EBay had an extremely high valuation and it grew into it. Amazon has had a high valuation for a decade.
      View article »
    • ON: Fri Apr 25th 12:21 PM
      Commented on:
      Baidu’s Q1 Earnings: Long-Term Positive
      "The bubble" in what? If you mean in tech stocks, there is very little comparison between a company trading a 1.5 times it's expected earnings growth rate and dotcoms trading based on eyeball multiples...

      Having said that what really matters is whether you think the music will stop in China before Baidu grows into it's price to earnings multiple. For the time being there is no sign of this happening.
      View article »
    • ON: Wed Mar 26th 15:25 PM
      Commented on:
      MercadoLibre: Rules of the Game
      Mercadolibre says this in their S-1 filing from January: "In November of 2005, we acquired certain operations of a regional competitor in online trading, DeRemate.com Inc., including all of its operations in Brazil, Colombia, Ecuador, Mexico, Peru, Uruguay and Venezuela and the majority of shares of its subsidiaries (except for its Argentine and Chilean subsidiaries, which continue to operate under the control of certain previous stockholders of DeRemate.com Inc.), for an aggregate purchase price of $12.1 million, net of cash and cash equivalents acquired. This acquisition increased our user base by approximately 1.3 million confirmed registered users and solidified our market leadership position in Brazil, Mexico, Venezuela, Colombia, Peru, and Uruguay."
      View article »
    • ON: Tue Mar 25th 16:13 PM
      Commented on:
      MercadoLibre: Rules of the Game
      Just to be clear, here is an example of one of the sites on deremate.com:

      www.deremate.com.mx/

      Do you notice the Mercadolibre logo at the top?
      View article »
    • ON: Tue Mar 25th 16:10 PM
      Commented on:
      MercadoLibre: Rules of the Game
      That's fine, but when someone points out a mistake in my articles I am happy because it's much more important to get the facts right than to pretend to be omniscient.
      View article »
    • ON: Tue Mar 25th 00:28 AM
      Commented on:
      MercadoLibre: Rules of the Game
      Perhaps you should visit the sites of Mercadolibre's "competition"... before you tell your readers to plug deremate.com into Alexa to get an example of how much competition Mercadolibre has. You also claim in your comment that the old owners under dereto still use "all the deremate web addresses". This is flatly wrong. Fully 10 of the 12 links from that page are now owned by Mercadolibre.
      View article »
    • ON: Tue Mar 4th 05:25 AM
      Commented on:
      Are You Short or Long China?
      First of all, Renesola had a 52 week high of $14.19 and priced it's IPO at $13. $82 is inaccurately shown on Yahoo! Finance and is wrong.

      Secondly, China Finance Online has a P/E of 42 based on 2007 earnings. You may be using Yahoo!'s data again, which is dated.

      Finally, The reason why Home Inns trades at a high PEG is that they are spending a lot of money building new hotels. Once the pace of expansion slows, capex will shrink and profits will expand.

      I don't own any of these companies and have no intention of doing so. Baidu, Shanda and Ctrip are much better investments in my opinion.
      View article »
    • ON: Mon Feb 18th 17:27 PM
      Commented on:
      Calculating MercadoLibre's Q4 EPS
      It turns out my analysis was wrong (as pointed out by a commenter on my blog, Brad). Approximately one million dollars in expenses from Q3 is not recurring because it was related to the exercising of warrants and I wrongly thought this was a recurring expense. Adding this change to my calculations, Mercadolibre should earn at least 0.09 per share in Q4.
      View article »
    • ON: Mon Feb 11th 00:24 AM
      Commented on:
      MercadoLibre Inc.'s Weighted Average Shares Fiasco
      Thanks for the tip. I'm quite ignorant regarding options and I try to only invest in what I feel I really understand but you must've made a pretty penny lately with that strategy. You think the downtrend will last a couple more months? I would think that after such a large fall it's quite risky to stay on that side of the trade.
      Good luck to you too!
      View article »
    • ON: Fri Feb 8th 15:03 PM
      Commented on:
      MercadoLibre Inc.'s Weighted Average Shares Fiasco
      Here are 2 very helpful comments from my blog and my response:

      Peter
      February 8, 2008 at 12:36 pm · Edit

      Tim,

      Take a look at Note 3 to MELI´s 3Q financial statements: investor.mercadolibre....

      It explains the calculation of the weighted shares. Since Q3 included over one month of the company as a private company, the share count has to be the WA of the number of shares when it was privately held and the shares publicly held.

      From Q4 onwards that number will be easy to calculate as it is simply the number of shares outstanding.

      Regards,

      disclosure: I work for MELI.


      onlyebay
      February 8, 2008 at 12:59 pm · Edit

      Timothy, MELI just went public and issued a bunch of shares in Q3 so any weighted average that includes Q3 or before is garbage in garbage out.

      www.sec.gov/Archives/e...

      Read MELI’s IPO prospectus from way back when and you find “common stock to be outstanding after this offering: 44,226,567″ (with over-allotment). This includes all the new shares they issued and has not changed since day 1 as a public company.


      timopg
      February 8, 2008 at 7:59 pm · Edit

      Thank you both for helping me to understand what’s going on here.

      There still is the issue of what calculations MercadoLibre is using to get 0.07 per share for Q3. I get 0.10 using the data they supply or using the 44 million share number I get 0.06. I don’t see where Patrick Schultz’s 0.13 comes from either.
      View article »
    • ON: Fri Feb 8th 14:06 PM
      Commented on:
      MercadoLibre Inc.'s Weighted Average Shares Fiasco
      They did but that has not gone through yet. Of the $229 million expected issuance it is expected that half will be from insiders selling so the dilution will be half that figure.
      View article »
    • ON: Sun Jan 6th 20:53 PM
      Commented on:
      iPhone Driving Apple's Earnings and Other Product Growth
      Thank you for pointing out that inaccuracy Matthew. I only realized that after publishing the article.
      View article »
    • ON: Tue Nov 20th 23:05 PM
      Commented on:
      The World Needs WIMAX - And WIMAX Needs Clearwire
      So what makes it superior?
      View article »
    • ON: Tue Nov 20th 23:04 PM
      Commented on:
      The World Needs WIMAX - And WIMAX Needs Clearwire
      I have never seen 3G or 3.5G at $25 per month for unlimited usage. If this is true, post a link.
      View article »
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