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  • Why This Market Plunge Is Irrational - And What To Buy Now [View article]
    The biggest change in the past 5-10 years at Disney is that its now largest earnings contributor ESPN is no longer growing subscribers, and there is real risk the move to a-la-carte CATV and "skinny bundles" will lower or eliminate its growth. There are 10's of millions of people that subscribe to cable and direct TV who don't watch ESPN yet the operators are paying $6/month to Dis for it. Just earlier this month, Dis cut their expected growth rate for ESPN. This argues for a lower multiple NOT higher.
    Aug 22, 2015. 08:34 AM | 1 Like Like |Link to Comment
  • Even A Kiss From A Princess Can't Save LeapFrog [View article]
    The only way one can interpret the 1/4 as "positive cash flow" is by crediting them for the seasonal collection of accounts receivables. Otherwise, they burned over 40M.
    Aug 15, 2015. 04:06 PM | Likes Like |Link to Comment
  • Liberty Global beats on revenue [View news story]
    under $40/share "set it and forget it"
    Aug 12, 2015. 08:41 PM | Likes Like |Link to Comment
  • Straight Path Communications: FCC Move Bullish For The Stock [View article]
    quite a bit- @ $47,500/share
    Aug 7, 2015. 05:22 PM | Likes Like |Link to Comment
  • iRobot beats by $0.18, beats on revenue [View news story]
    maybe because they whiffed by a mile on revenue guidance for q3?
    Jul 22, 2015. 09:08 AM | Likes Like |Link to Comment
  • Straight Path Communications Is (Significantly) Undervalued At Current Levels - After Recent Spike, Will Continue To Appreciate [View article]
    is it time yet? I think the bidding war is among short sellers trying to cover.
    Jun 26, 2015. 08:35 PM | Likes Like |Link to Comment
  • ViaSat - Building Tomorrow's Broadband Toll Roads [View article]
    I would respectfully suggest, after reading the many positive reviews of vsat, that people read the staggering number of complaints lodged with the Better Business Bureau or any sites with reviews of the service Exede/Vsat provide. These complaints are consistent and constantly spew venom at Vast. They make Time Warner Cable sound like a model of first rate customer service and corporate citizenship by comparison. I have never seen a company whose customers are so miserable with the product and eager to leave, which helps explains the companies near 35% (annualized) churn rate. This would undoubtedly be far higher were it not for hefty early termination fees on their standard two year contract. Its only a matter of time before rural consumers have alternatives (see what Goog and FB are doing to bring cheap internet access to the underserved rural masses)to expensive/modest data limit(s) Vast and a mass exodus of customers occurs at which time Vsat will collapse. Caveat Emptor.
    Jun 26, 2015. 08:14 PM | 2 Likes Like |Link to Comment
  • Don't Over Think This: Wal-Mart Is A Buy [View article]
    The stock has been very weak since they reported the quarter and investors are realizing they will have no growth in earnings this year when one considers the FX headwinds and heavy investments in e-commerce(where they admittedly lag badly the best-in-class retailers), which combined total well over 1BB.
    Jun 15, 2015. 07:32 PM | 1 Like Like |Link to Comment
  • Don't Over Think This: Wal-Mart Is A Buy [View article]
    15X earnings for a 5% grower is rich-thats why.
    Jun 14, 2015. 06:51 PM | Likes Like |Link to Comment
  • Wal-Mart preps for ShippingPass launch [View news story]
    $35/min
    May 28, 2015. 04:13 PM | Likes Like |Link to Comment
  • Can Wal-Mart Replicate Home Depot's Strategy To Drive The Same Remarkable Shareholder Value [View article]
    "When a management with a reputation for brilliance tackles a business with bad economics, it is the reputation of the business that remains intact"-Warren Buffet.
    Discount store retailing is an area littered with bankruptcies and other failures. Eventually, "bad businesses" all erode, even the leader(s). I believe that is what is happening over the past few years with WMT. An already intensely competitive business that is under siege from new competitive forces (primarily e-tailing and new, primarily very low priced foreign formats) eliminating virtually any pricing flexibility. At the same time, costs, particularly labor are rising, in most cases very rapidly ($9/hour is 20% higher than $7.50., I don't buy the argument the employees who get that raise are meaningfully more productive) Unless WMT can regain a decent (3-4%) same store sales growth, their earnings will decline due to "negative leverage". At the same time the stock, despite the recent hit, still sells for about 16X recently reduced estimates. I think perceptions have been slow to change but clearly, imo, WMT's best days(they have been struggling for years) are behind it. I'd rather be short than long.
    May 28, 2015. 10:18 AM | 2 Likes Like |Link to Comment
  • After Recent Spike, Straight Path Could Fall 50% [View article]
    In dry flat areas these frequencies can travel pretty good distance... 2-4miles. And in dense urban areas where "data density" is enormous, the ability to travel a small fraction of that should be quite sufficient to handle big chunks of data.
    May 27, 2015. 08:45 AM | 2 Likes Like |Link to Comment
  • Straight Path Communications Is (Significantly) Undervalued At Current Levels - After Recent Spike, Will Continue To Appreciate [View article]
    See the 4/15/2015 presentation on the companies website:
    page 6-"avg. 833MHz in top 25 markets"
    "current rules-FCC allows for point to multipoint(PMP)"
    This information's also in the 10-K
    Also, Strp passes the "substantial use" test with currently deployed links
    May 25, 2015. 07:20 PM | Likes Like |Link to Comment
  • Straight Path Communications Is (Significantly) Undervalued At Current Levels - After Recent Spike, Will Continue To Appreciate [View article]
    Straightpaths licences already allow for point to multi-point. In addition, the licences have an average of 833MHz of bandwidth in the top 25 markets and the company is licensed for 96% of all active 39GHz FCC licenses.
    May 25, 2015. 08:53 AM | Likes Like |Link to Comment
  • Straight Path Communications Is (Significantly) Undervalued At Current Levels - After Recent Spike, Will Continue To Appreciate [View article]
    Strp's licenses are granted for ten year terms. As long as they comply with FCC guidelines(which, to date, they have) , provided by the FCC and designed to provide carriers certainty regarding renewals, they can expect the licenses to be renewed indefinitely. The idea that the FCC would terminate the licenses and essentially "reauction"(Winstar Communications bought it at FCC auction in 2000) the spectrum would not only set a dangerous precedent, but be illegal. Additionally, when the FCC files a NOPR(notice of proposed rule making ) on millimeter wave bands for mobile use, one can very reasonably expect the licenses to allow them to be used for "point to multipoint" as well as point to point. Its important to remember a significant FCC objective in all of this is to provided high quality mobile broadband to the American consumer and many of the commissioners recent speeches reference spectrum bands like Strp's as an important piece in solving that puzzle.
    May 24, 2015. 07:49 AM | 1 Like Like |Link to Comment
COMMENTS STATS
111 Comments
39 Likes