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    <title>Nadeem Moulvi's Comments</title>
    <description>Nadeem Moulvi's Comments RSS Syndication from SeekingAlpha.com</description>
    <link>http://seekingalpha.com/user/39014/comments</link>
    <item>
      <title>Cisco Systems: Capital Gains And Dividend Increase Opportunity</title>
      <link>http://seekingalpha.com/article/856131/comments?source=feed#comment-9277351</link>
      <guid isPermaLink="false">9277351</guid>
      <content>
        <![CDATA[Thanks for bringing it to my attention. The error has been fixed.]]>
      </content>
      <pubDate>Mon, 10 Sep 2012 11:39:40 -0400</pubDate>
      <description>
        <![CDATA[Thanks for bringing it to my attention. The error has been fixed.]]>
      </description>
    </item>
    <item>
      <title>Cramer's Picks - 1 To Buy, 1 To Hold, 1 To Sell</title>
      <link>http://seekingalpha.com/article/577251/comments?source=feed#comment-5312661</link>
      <guid isPermaLink="false">5312661</guid>
      <content>
        <![CDATA[This is strictly a quantitative analysis.  The growth forecasts are based on average analyst estimates.  CLF is expected to increase its EPS by 27% this year followed by flat earnings growth. If you think that the estimates are incorrect, you can change the future EPS forecasts and apply a suitable P/E.  You can always refer to my discount rate if you so desire.<br/><br/>Thanks,   ]]>
      </content>
      <pubDate>Thu, 10 May 2012 16:15:26 -0400</pubDate>
      <description>
        <![CDATA[This is strictly a quantitative analysis.  The growth forecasts are based on average analyst estimates.  CLF is expected to increase its EPS by 27% this year followed by flat earnings growth. If you think that the estimates are incorrect, you can change the future EPS forecasts and apply a suitable P/E.  You can always refer to my discount rate if you so desire.<br/><br/>Thanks,   ]]>
      </description>
    </item>
    <item>
      <title>4 Recent Cramer Stock Picks To Avoid</title>
      <link>http://seekingalpha.com/article/440111/comments?source=feed#comment-3597521</link>
      <guid isPermaLink="false">3597521</guid>
      <content>
        <![CDATA[I agree. Equity and capitalization are two very different things.  I have already asked the editors to fix the issue.  <br/><br/>The Lt D/E for SE is correct.  Lt Debt of 10,146 and equity of 8,323 gives you approximately 122%.  In any case, those numbers do not have a meaningful impact to the valuation.  Plus, you can always adjust the model to your liking by changing the inputs used.  The analysis is very transparent.  ]]>
      </content>
      <pubDate>Sun, 18 Mar 2012 20:07:24 -0400</pubDate>
      <description>
        <![CDATA[I agree. Equity and capitalization are two very different things.  I have already asked the editors to fix the issue.  <br/><br/>The Lt D/E for SE is correct.  Lt Debt of 10,146 and equity of 8,323 gives you approximately 122%.  In any case, those numbers do not have a meaningful impact to the valuation.  Plus, you can always adjust the model to your liking by changing the inputs used.  The analysis is very transparent.  ]]>
      </description>
    </item>
    <item>
      <title>4 Recent Cramer Stock Picks To Avoid</title>
      <link>http://seekingalpha.com/article/440111/comments?source=feed#comment-3593901</link>
      <guid isPermaLink="false">3593901</guid>
      <content>
        <![CDATA[Yes, the stock is up 118% over last yr.  That is a typing error.<br/> I apologize.]]>
      </content>
      <pubDate>Sun, 18 Mar 2012 16:29:00 -0400</pubDate>
      <description>
        <![CDATA[Yes, the stock is up 118% over last yr.  That is a typing error.<br/> I apologize.]]>
      </description>
    </item>
    <item>
      <title>4 Recent Cramer Stock Picks To Avoid</title>
      <link>http://seekingalpha.com/article/440111/comments?source=feed#comment-3579731</link>
      <guid isPermaLink="false">3579731</guid>
      <content>
        <![CDATA[The d/e ratio used is the long term debt to equity.  I do not use cash as a negative debt. ]]>
      </content>
      <pubDate>Sat, 17 Mar 2012 23:03:50 -0400</pubDate>
      <description>
        <![CDATA[The d/e ratio used is the long term debt to equity.  I do not use cash as a negative debt. ]]>
      </description>
    </item>
    <item>
      <title>Apple: A Residual Income-Based Valuation</title>
      <link>http://seekingalpha.com/article/417851/comments?source=feed#comment-3562271</link>
      <guid isPermaLink="false">3562271</guid>
      <content>
        <![CDATA[Thank you for the compliment.  I was waiting for the $475 levels. I doubt the stock will get there though.]]>
      </content>
      <pubDate>Sat, 17 Mar 2012 01:51:35 -0400</pubDate>
      <description>
        <![CDATA[Thank you for the compliment.  I was waiting for the $475 levels. I doubt the stock will get there though.]]>
      </description>
    </item>
    <item>
      <title>This Stock Is Overvalued By 43%</title>
      <link>http://seekingalpha.com/article/431901/comments?source=feed#comment-3509211</link>
      <guid isPermaLink="false">3509211</guid>
      <content>
        <![CDATA[Thanks Finian for the reply.  I used to hold a similar view which is why I was long AIXG till a few hours ago. For the company to be a profitable investment, the EPS will have to rise back to $1.89 (2010 levels).  Based on the projected growth rates, I really do not see that happening anytime soon.  I think there are better opportunities elsewhere to make money.  ]]>
      </content>
      <pubDate>Thu, 15 Mar 2012 13:01:47 -0400</pubDate>
      <description>
        <![CDATA[Thanks Finian for the reply.  I used to hold a similar view which is why I was long AIXG till a few hours ago. For the company to be a profitable investment, the EPS will have to rise back to $1.89 (2010 levels).  Based on the projected growth rates, I really do not see that happening anytime soon.  I think there are better opportunities elsewhere to make money.  ]]>
      </description>
    </item>
    <item>
      <title>This Stock Is Overvalued By 43%</title>
      <link>http://seekingalpha.com/article/431901/comments?source=feed#comment-3506291</link>
      <guid isPermaLink="false">3506291</guid>
      <content>
        <![CDATA[A better opportunity to get out?]]>
      </content>
      <pubDate>Thu, 15 Mar 2012 11:56:43 -0400</pubDate>
      <description>
        <![CDATA[A better opportunity to get out?]]>
      </description>
    </item>
    <item>
      <title>This Stock Is Overvalued By 43%</title>
      <link>http://seekingalpha.com/article/431901/comments?source=feed#comment-3478521</link>
      <guid isPermaLink="false">3478521</guid>
      <content>
        <![CDATA[Thank you for the reply.  I agree that AIXG is not like the other firms (with the possible exception of VECO).  I have presented the other firms for comparison and paid little weight to the other companies to project the future P/E.  ]]>
      </content>
      <pubDate>Wed, 14 Mar 2012 15:24:49 -0400</pubDate>
      <description>
        <![CDATA[Thank you for the reply.  I agree that AIXG is not like the other firms (with the possible exception of VECO).  I have presented the other firms for comparison and paid little weight to the other companies to project the future P/E.  ]]>
      </description>
    </item>
    <item>
      <title>Goldman Sachs' Tech Picks: 3 To Buy, 2 To Avoid</title>
      <link>http://seekingalpha.com/article/431331/comments?source=feed#comment-3449641</link>
      <guid isPermaLink="false">3449641</guid>
      <content>
        <![CDATA[Actually, I am presenting the historical trends and using future outlook to come up with my valuations.  ]]>
      </content>
      <pubDate>Tue, 13 Mar 2012 18:40:17 -0400</pubDate>
      <description>
        <![CDATA[Actually, I am presenting the historical trends and using future outlook to come up with my valuations.  ]]>
      </description>
    </item>
    <item>
      <title>Sirius Is Seriously Overvalued</title>
      <link>http://seekingalpha.com/article/429521/comments?source=feed#comment-3448751</link>
      <guid isPermaLink="false">3448751</guid>
      <content>
        <![CDATA[Yes, I never claimed otherwise.  ]]>
      </content>
      <pubDate>Tue, 13 Mar 2012 18:10:09 -0400</pubDate>
      <description>
        <![CDATA[Yes, I never claimed otherwise.  ]]>
      </description>
    </item>
    <item>
      <title>Sirius Is Seriously Overvalued</title>
      <link>http://seekingalpha.com/article/429521/comments?source=feed#comment-3448071</link>
      <guid isPermaLink="false">3448071</guid>
      <content>
        <![CDATA[Because i m more confident abt the relative valuation.  ]]>
      </content>
      <pubDate>Tue, 13 Mar 2012 17:43:55 -0400</pubDate>
      <description>
        <![CDATA[Because i m more confident abt the relative valuation.  ]]>
      </description>
    </item>
    <item>
      <title>Goldman Sachs' Tech Picks: 3 To Buy, 2 To Avoid</title>
      <link>http://seekingalpha.com/article/431331/comments?source=feed#comment-3447501</link>
      <guid isPermaLink="false">3447501</guid>
      <content>
        <![CDATA[If you do not like betting against GS, you could always follow GS into A and ADSK.  ]]>
      </content>
      <pubDate>Tue, 13 Mar 2012 17:27:19 -0400</pubDate>
      <description>
        <![CDATA[If you do not like betting against GS, you could always follow GS into A and ADSK.  ]]>
      </description>
    </item>
    <item>
      <title>Goldman Sachs' Tech Picks: 3 To Buy, 2 To Avoid</title>
      <link>http://seekingalpha.com/article/431331/comments?source=feed#comment-3444691</link>
      <guid isPermaLink="false">3444691</guid>
      <content>
        <![CDATA[Hey, thanks for the comment.  The purpose of the article to find out if it makes sense to follow goldman in these stocks. You are right, NOK might be a speculative play for Goldman, but when I buy a stock, I plan on holding it for approximately 5 years.  My analysis is based on that implicit assumption.  ]]>
      </content>
      <pubDate>Tue, 13 Mar 2012 16:09:17 -0400</pubDate>
      <description>
        <![CDATA[Hey, thanks for the comment.  The purpose of the article to find out if it makes sense to follow goldman in these stocks. You are right, NOK might be a speculative play for Goldman, but when I buy a stock, I plan on holding it for approximately 5 years.  My analysis is based on that implicit assumption.  ]]>
      </description>
    </item>
    <item>
      <title>Sirius Is Seriously Overvalued</title>
      <link>http://seekingalpha.com/article/429521/comments?source=feed#comment-3442891</link>
      <guid isPermaLink="false">3442891</guid>
      <content>
        <![CDATA[Yes, i did..Not in the analysis shown above.  I did a residual in come based valuation which primarily uses the book value.  the valuation estimate for SIRI is lower than the one shown above.]]>
      </content>
      <pubDate>Tue, 13 Mar 2012 15:22:37 -0400</pubDate>
      <description>
        <![CDATA[Yes, i did..Not in the analysis shown above.  I did a residual in come based valuation which primarily uses the book value.  the valuation estimate for SIRI is lower than the one shown above.]]>
      </description>
    </item>
    <item>
      <title>Sirius Is Seriously Overvalued</title>
      <link>http://seekingalpha.com/article/429521/comments?source=feed#comment-3433751</link>
      <guid isPermaLink="false">3433751</guid>
      <content>
        <![CDATA[People, I have no vested interest in the stock. In fact, I do not short stocks...ever.  If I had, it would be mentioned in the disclosures.  This article is in response to a request made by one of my followers who was interested in the company.  I have never had interest in the firm and have therefore not analyzed it in the past.  I do not expect everyone to accept the results of my analysis.  If you think that SIRI is undervalued, then by all means go ahead and buy the stock or hold on to it.  <br/><br/>If I was really after page views, I would have written a bullish article on SIRI, not a &quot;short&quot; one.  A few page views do not make a material difference to me.  ]]>
      </content>
      <pubDate>Tue, 13 Mar 2012 11:55:00 -0400</pubDate>
      <description>
        <![CDATA[People, I have no vested interest in the stock. In fact, I do not short stocks...ever.  If I had, it would be mentioned in the disclosures.  This article is in response to a request made by one of my followers who was interested in the company.  I have never had interest in the firm and have therefore not analyzed it in the past.  I do not expect everyone to accept the results of my analysis.  If you think that SIRI is undervalued, then by all means go ahead and buy the stock or hold on to it.  <br/><br/>If I was really after page views, I would have written a bullish article on SIRI, not a &quot;short&quot; one.  A few page views do not make a material difference to me.  ]]>
      </description>
    </item>
    <item>
      <title>Sirius Is Seriously Overvalued</title>
      <link>http://seekingalpha.com/article/429521/comments?source=feed#comment-3433281</link>
      <guid isPermaLink="false">3433281</guid>
      <content>
        <![CDATA[Homer985, thanks for your thoughtful points.  I have indirectly accounted for the the NOL and all other assets of the company.  This is earnings based relative valuation.  The EPS and the growth rates take care of the NOL, deferred revenues etc.  I was performing an absolute analysis, then I would have explicitly considered these points.  ]]>
      </content>
      <pubDate>Tue, 13 Mar 2012 11:45:26 -0400</pubDate>
      <description>
        <![CDATA[Homer985, thanks for your thoughtful points.  I have indirectly accounted for the the NOL and all other assets of the company.  This is earnings based relative valuation.  The EPS and the growth rates take care of the NOL, deferred revenues etc.  I was performing an absolute analysis, then I would have explicitly considered these points.  ]]>
      </description>
    </item>
    <item>
      <title>Sirius Is Seriously Overvalued</title>
      <link>http://seekingalpha.com/article/429521/comments?source=feed#comment-3433101</link>
      <guid isPermaLink="false">3433101</guid>
      <content>
        <![CDATA[Thanks for pointing that out. The original number in the article was base revenues.  We have now updated the revenue number.  ]]>
      </content>
      <pubDate>Tue, 13 Mar 2012 11:42:20 -0400</pubDate>
      <description>
        <![CDATA[Thanks for pointing that out. The original number in the article was base revenues.  We have now updated the revenue number.  ]]>
      </description>
    </item>
    <item>
      <title>Apple: A Residual Income-Based Valuation</title>
      <link>http://seekingalpha.com/article/417851/comments?source=feed#comment-3261051</link>
      <guid isPermaLink="false">3261051</guid>
      <content>
        <![CDATA[I am more concerned about the rapid increase in share price. I think that the fundamentals do warrant and support the current price. But when was the market rational? I would also wait to buy stock.  A decent pullback would be welcome. ]]>
      </content>
      <pubDate>Wed, 07 Mar 2012 14:08:37 -0500</pubDate>
      <description>
        <![CDATA[I am more concerned about the rapid increase in share price. I think that the fundamentals do warrant and support the current price. But when was the market rational? I would also wait to buy stock.  A decent pullback would be welcome. ]]>
      </description>
    </item>
    <item>
      <title>Soros's Travel Picks: 1 To Buy, 1 To Hold, 1 To Sell</title>
      <link>http://seekingalpha.com/article/410041/comments?source=feed#comment-3206961</link>
      <guid isPermaLink="false">3206961</guid>
      <content>
        <![CDATA[Thanks.]]>
      </content>
      <pubDate>Tue, 06 Mar 2012 03:22:33 -0500</pubDate>
      <description>
        <![CDATA[Thanks.]]>
      </description>
    </item>
    <item>
      <title>Cramer's Lightning Round Picks - 1 To Buy, 2 To Sell</title>
      <link>http://seekingalpha.com/article/403791/comments?source=feed#comment-3074441</link>
      <guid isPermaLink="false">3074441</guid>
      <content>
        <![CDATA[Thanks for adding me to that list.  But if you notice, I was actually looking at his long picks as I almost always am a buyer of equities, not a short seller. ]]>
      </content>
      <pubDate>Thu, 01 Mar 2012 15:43:57 -0500</pubDate>
      <description>
        <![CDATA[Thanks for adding me to that list.  But if you notice, I was actually looking at his long picks as I almost always am a buyer of equities, not a short seller. ]]>
      </description>
    </item>
    <item>
      <title>Apple: Future Trillion Dollar Company Trading At 46% Discount</title>
      <link>http://seekingalpha.com/article/349881/comments?source=feed#comment-2918151</link>
      <guid isPermaLink="false">2918151</guid>
      <content>
        <![CDATA[Thats ok...i knew that post was not meant for me. No harm done.]]>
      </content>
      <pubDate>Sat, 25 Feb 2012 01:00:43 -0500</pubDate>
      <description>
        <![CDATA[Thats ok...i knew that post was not meant for me. No harm done.]]>
      </description>
    </item>
    <item>
      <title>George Soros's Healthcare Picks: 2 To Buy, 1 To Avoid</title>
      <link>http://seekingalpha.com/article/390871/comments?source=feed#comment-2904501</link>
      <guid isPermaLink="false">2904501</guid>
      <content>
        <![CDATA[To be clear, i do think that the deal with go through and will reduce costs for ESRX thereby potentially improving the return potential of ESRX stock.  I will however wait to see the completion of the deal and the impact on earnings before revising the growth estimates for ESRX. ]]>
      </content>
      <pubDate>Fri, 24 Feb 2012 14:02:54 -0500</pubDate>
      <description>
        <![CDATA[To be clear, i do think that the deal with go through and will reduce costs for ESRX thereby potentially improving the return potential of ESRX stock.  I will however wait to see the completion of the deal and the impact on earnings before revising the growth estimates for ESRX. ]]>
      </description>
    </item>
    <item>
      <title>George Soros's Healthcare Picks: 2 To Buy, 1 To Avoid</title>
      <link>http://seekingalpha.com/article/390871/comments?source=feed#comment-2904221</link>
      <guid isPermaLink="false">2904221</guid>
      <content>
        <![CDATA[TonyFu, thanks. My analysis actually assumes a failed merger.  In the short term the stocks might take a hit if the merger fails, but in the long term, the two firms (individually or combined) have great prospects. ]]>
      </content>
      <pubDate>Fri, 24 Feb 2012 13:56:48 -0500</pubDate>
      <description>
        <![CDATA[TonyFu, thanks. My analysis actually assumes a failed merger.  In the short term the stocks might take a hit if the merger fails, but in the long term, the two firms (individually or combined) have great prospects. ]]>
      </description>
    </item>
    <item>
      <title>Apple: 2 Steps To Boost Share Price</title>
      <link>http://seekingalpha.com/article/387001/comments?source=feed#comment-2870511</link>
      <guid isPermaLink="false">2870511</guid>
      <content>
        <![CDATA[I do know that and I do want the company to go to the shareholders asking their consent for the stock split. ]]>
      </content>
      <pubDate>Thu, 23 Feb 2012 13:48:11 -0500</pubDate>
      <description>
        <![CDATA[I do know that and I do want the company to go to the shareholders asking their consent for the stock split. ]]>
      </description>
    </item>
    <item>
      <title>Identifying The Best Air Freight &amp; Logistics Industry Stocks</title>
      <link>http://seekingalpha.com/article/378061/comments?source=feed#comment-2783471</link>
      <guid isPermaLink="false">2783471</guid>
      <content>
        <![CDATA[I agree completely with you.  Its not an apples to apples comparison. The only reason for me to compare them is that I would probably not be looking to own more than 1 company from the industry and I was looking for the strongest company in the industry. ]]>
      </content>
      <pubDate>Mon, 20 Feb 2012 13:17:48 -0500</pubDate>
      <description>
        <![CDATA[I agree completely with you.  Its not an apples to apples comparison. The only reason for me to compare them is that I would probably not be looking to own more than 1 company from the industry and I was looking for the strongest company in the industry. ]]>
      </description>
    </item>
    <item>
      <title>Identifying The Best Air Freight &amp; Logistics Industry Stocks</title>
      <link>http://seekingalpha.com/article/378061/comments?source=feed#comment-2783411</link>
      <guid isPermaLink="false">2783411</guid>
      <content>
        <![CDATA[Thank you for your comment. FDX's capital lease commitments for next 5 years total $165 million.  You are right, I should have (and in the past) considered that as part of debt. However, since the d/e for FDX is low, the addition of $165 million does not have a material impact. Therefore, I did not add it while performing my analysis. For curiosity, I changed the d/e ratio to include the capital lease obligations, the d/e ratio increased to 11% and the fair valued decreased by $1 to $118.  Although I agree that CAPM model has various shortcomings, in this case, I do feel that FDX and UPS should not have the same discount rate.  As a person who prefers firms with very low levels of debt, I see FDX having a decisive advantage in this area and I would personally not be using the same discount rate.  Of course, this is my personal opinion and I would totally understand it if you were to use the same cost of equity for both the firms.  ]]>
      </content>
      <pubDate>Mon, 20 Feb 2012 13:15:42 -0500</pubDate>
      <description>
        <![CDATA[Thank you for your comment. FDX's capital lease commitments for next 5 years total $165 million.  You are right, I should have (and in the past) considered that as part of debt. However, since the d/e for FDX is low, the addition of $165 million does not have a material impact. Therefore, I did not add it while performing my analysis. For curiosity, I changed the d/e ratio to include the capital lease obligations, the d/e ratio increased to 11% and the fair valued decreased by $1 to $118.  Although I agree that CAPM model has various shortcomings, in this case, I do feel that FDX and UPS should not have the same discount rate.  As a person who prefers firms with very low levels of debt, I see FDX having a decisive advantage in this area and I would personally not be using the same discount rate.  Of course, this is my personal opinion and I would totally understand it if you were to use the same cost of equity for both the firms.  ]]>
      </description>
    </item>
    <item>
      <title>Analyzing David Einhorn's Stock Picks: 2 To Buy, 3 To Avoid</title>
      <link>http://seekingalpha.com/article/377511/comments?source=feed#comment-2782311</link>
      <guid isPermaLink="false">2782311</guid>
      <content>
        <![CDATA[The EPS estimates are calendar year 2012 estimates. They are not financial year estimates.  The data was sourced from Yahoo Finance, Morningstar and S&amp;P Equity Research.  The numbers are a combination of consensus and my projected year over year growth rates.  ]]>
      </content>
      <pubDate>Mon, 20 Feb 2012 12:31:03 -0500</pubDate>
      <description>
        <![CDATA[The EPS estimates are calendar year 2012 estimates. They are not financial year estimates.  The data was sourced from Yahoo Finance, Morningstar and S&amp;P Equity Research.  The numbers are a combination of consensus and my projected year over year growth rates.  ]]>
      </description>
    </item>
    <item>
      <title>Analyzing David Einhorn's Stock Picks: 2 To Buy, 3 To Avoid</title>
      <link>http://seekingalpha.com/article/377511/comments?source=feed#comment-2779611</link>
      <guid isPermaLink="false">2779611</guid>
      <content>
        <![CDATA[You are right, I estimate that AAPL will be a trillion dollar company one day<br/><br/><a rel='nofollow' target='_blank' href='http://bit.ly/zxc9ci'>http://bit.ly/zxc9ci</a>]]>
      </content>
      <pubDate>Mon, 20 Feb 2012 10:47:21 -0500</pubDate>
      <description>
        <![CDATA[You are right, I estimate that AAPL will be a trillion dollar company one day<br/><br/><a rel='nofollow' target='_blank' href='http://bit.ly/zxc9ci'>http://bit.ly/zxc9ci</a>]]>
      </description>
    </item>
    <item>
      <title>Polypore: Profiting From Axiom's Sell Rating</title>
      <link>http://seekingalpha.com/article/344341/comments?source=feed#comment-2547331</link>
      <guid isPermaLink="false">2547331</guid>
      <content>
        <![CDATA[I think its some profit taking. People who got in the mid 30s might be taking some profits here.  I will look to add more if the stock falls to $35]]>
      </content>
      <pubDate>Fri, 10 Feb 2012 13:50:27 -0500</pubDate>
      <description>
        <![CDATA[I think its some profit taking. People who got in the mid 30s might be taking some profits here.  I will look to add more if the stock falls to $35]]>
      </description>
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