Seeking Alpha

ChiefEngineer

ChiefEngineer
Send Message
View as an RSS Feed
View ChiefEngineer's Comments BY TICKER:
Latest  |  Highest rated
  • Since Steve Jobs passed on Oct. 4, Apple (AAPL) has tacked on $90B -  nearly a Facebook - to its market cap. While $100B - representing a PE of 100 and price-to-sales of 27 - might be expensive for Facebook, Apple trades at a PE of 13 and price-to-sales of 3.4. Still, after a run like that, even some Apple bulls believe the shares are due for a sell-off.  [View news story]
    I've become firmly convinced that, over the years, doom and sell shmos on AAPL blogs and articles are trying for a surreptitious move for others to sell, in order for them to buy.

    No matter how many times these analcysts have to eat their words, they come back over and over again with the same reasons why AAPL will decline.

    It's either the above or a mental disorder, obsessive compulsive neuroris, or just plain "stewpid"
    Feb 8 01:17 PM | 2 Likes Like |Link to Comment
  • Dish Network (DISH +0.1%) CEO Joe Clayton tells Reuters the firm may close more Blockbuster stores than originally planned - backing off of a commitment made this summer to keep 90% of the outlets open. He says surviving stores could sell Dish subscriptions and provide customer support in the future. [View news story]
    Gimme a break. Sounds like some folks are stuck with this stock and need to Pump and Dump one mo' time. Don't make me larf and barf on the PlayBook. Apple is selling its older models at Kindle prices. The wave of enterprise replacement has just begun. With Apple's cash and in-house designers of almost everything, including hardware, this DOA company is heading down the mountain with no brakes.
    Jan 12 03:32 PM | Likes Like |Link to Comment
  • The 194-party UN climate conference forges a deal that would for the first time force all the biggest polluters to cut greenhouse gas emmissions, with the Kyoto Protocol extended for another five years also. Environmentalists say the deal doesn't go far enough, while the greenhouse skeptics could well ask how much it will all cost.  [View news story]
    This deal is pushed by the Trans-national Socialists/Marxists/Pr... who are salivating over the expectant power this will give them over whole economies and peoples. These parasites are feathering their nests for using the funds made by honest people to dole out like Roman emperors threw loaves of bread from their chariots to the teeming lumpen proletariat. They know this is a scam and the largest con job in the history of Mankind.

    This will die by a thousand cuts, just like the the stupidity of the Euro creation. Like the Marina District in San Francisco, where the homes were built on soggy landfill, when the earthquake hits, it trembles like jello, quickly collapsing the structures built on it.

    Every month that goes by, more and more counter evidence is produced that exposes the scam. These POC are the enemies of their own citizens. Hopefully the next Adminstration will go line by line over the UN budget and rescind funding for all the stupid, corrupt, duplicated programs and deadwood. I suspect that would be WAY over 50 %. And send the HQ to France and make a park out of the present property. Then commission a sculpture of a commode with UN stenciled on it memoriam.
    Dec 11 06:14 PM | 5 Likes Like |Link to Comment
  • GM's Chevy Volt problems appear to extend beyond battery issues: the WSJ reports GM was set to miss its 2011 Volt sales target of 10K units even before the NHTSA battery fire. Production and distribution issues played a role in the sales weakness, but the Volt's $41K price tag may have been the largest factor. GM hopes to sell 45K Volts next year, but there's growing skepticism about its ability to hit that goal.  [View news story]
    Moose, you got me larfing on that one! Yes, Just like Nancy Pelosi and Hilda Solis said: giving out unemployment insurance is a positive stimulus for the economy. Think of the wonderful, overpaid, pampered UAW workers who need that new bass boat, or a second SUV.

    As a retired union member, I have to acknowledge that Right To Work Federal legislation needs to be passed and ALL public sector unions abolished; who is management? You, the taxpayer. We are where Britain was just before Thatcher. Labor unions controlled by Communists with the goal of establishing a world wide collective based on redistribution of wealth, loss of national sovereignty, and top down governing by the elite mega rich controlling the apparatchik puppets like Obungler and his moll, Moochelle.
    Dec 11 10:34 AM | 1 Like Like |Link to Comment
  • First Solar's (FSLR +7.1%) agreement to sell its 550-megawatt Topaz Solar Farm power plant removes an overhang on FSLR shares, but Auriga sees broader implications: The deal is proof that "high quality projects will get financing even in a dislocated macro environment... and will have a positive perception effect" on SPWRA, WFR and others in downstream projects.  [View news story]
    Buffet has exposed himself as a mendacious and insecure man with no principle. His toady and groveling at the statism, crony capitalism trough reveals his true nature. He makes noises about the poor and middle class, but he-and those like him, e.g., Soros, Peter Lewis, and the lot of Marxist Billionaires-use this to mask their goals and agenda, which is to totally sequester and capture the Government to protect them and give them advantage in their business. It's a con game.

    He is no different than the other billionaire trans-nationalists, who strive for a One World under an elite bureaucracy control, in turn controlled by their billionaire cartel. The sovereignty of the IOUSA is merely an obstacle.
    Dec 8 02:11 AM | 2 Likes Like |Link to Comment
  • Why A Billionaire And Birinyi Are Buying Research In Motion Now [View article]
    The future is what counts, and the TREND. Diminishing profits mean less R & D budgets. They are laying off staff, Google and Apple are hiring. Corporate and enterprise, in survey after survey, prefer the iPhone and iPad; these are Fortune 500 companies.

    It's the TREND that counts, where the ball will be. Remember The Great Gretzky? He arrived where the ball was going to be.
    Dec 5 09:22 AM | 3 Likes Like |Link to Comment
  • GM's Chevy Volt problems appear to extend beyond battery issues: the WSJ reports GM was set to miss its 2011 Volt sales target of 10K units even before the NHTSA battery fire. Production and distribution issues played a role in the sales weakness, but the Volt's $41K price tag may have been the largest factor. GM hopes to sell 45K Volts next year, but there's growing skepticism about its ability to hit that goal.  [View news story]
    Government Motors, another winner picked by Government under the Command Central and nationalization economy. Dope and Shackles for those too blind and self delusion to see that their pants are on fire.
    Dec 5 08:49 AM | Likes Like |Link to Comment
  • Why A Billionaire And Birinyi Are Buying Research In Motion Now [View article]
    http://cnnmon.ie/tp3tYt

    "RIM shipped 10.6 million BlackBerry smartphones to retailers last quarter, below the 11 million to 12.5 million it had expected to ship. Its entry in the tablet wars, the BlackBerry PlayBook, shipped just 200,000 units -- a significant drop-off from the 500,000 RIM shipped in the prior quarter. The PlayBook went on sale in April.
    RIM earned $329 million in the quarter, less than half of its profit a year ago. RIM booked a one-time charge of $118 million for costs associated with a reorganization announced in July. As part of that plan, RIM said it was slashing 2,000 jobs, or 10% of its workforce.
    Excluding the charge, RIM reported earnings of 80 cents per share, below the 88 cents per share that analysts had expected."

    "RIM said it expects its BlackBerry shipments to rebound next quarter to a range of 13.5 million to 14.5 million units -- a pickup of around 30% from this quarter. The company's forecast for sales is for at least $5.3 billion."

    They've missed sales projections for the entire year, quarter after quarter. Soon, there will be the reverse of critical mass, where new and present subscribers will be scared off, perceiving RIMM as becoming dim and dimmer, thereby leaving them in the lurch, als Palm.
    Dec 5 08:46 AM | 2 Likes Like |Link to Comment
  • Why A Billionaire And Birinyi Are Buying Research In Motion Now [View article]
    There is zero possibility of RIMM gaining new subscribers and high probability of continually losing subscribers. THIS is an investment opportunity? When they do go for sale, the price is likely to be driven down. Watch the stock drop another 10% by early next year, if not earlier.

    There are much better investing opportunities.
    Dec 5 07:19 AM | 1 Like Like |Link to Comment
  • “I am impressed that the people have not yet stormed into Parliament and burned the politicians alive - like a souvlaki,” says a retired truck driver in Greece who just sent his life savings of €50K to Sweden. With eyes often focused on the latest from Berlin or Brussels, forgotten is the economic devastation on the ground in Greece, the tinderbox it has created, and the accelerating bank run that may ultimately end this.  [View news story]
    Why are the Greeks blaming everybody but themselves? They elected tis scum and endorsed their profligacy. They were raptured by the lavish benefits (work less, get paid more).

    Greece has a large Communist Party. The Greeks have been living in fantasy world for to long. The party's over. Look in the mirror, people.
    Nov 6 06:46 PM | 8 Likes Like |Link to Comment
  • Auf Wiedersehen, Au Revoir, Greece [View article]
    Very perspicacious. This is a general statement supported by an infinite number of specific instances and events. The West is suicidal, self delusional, and without unifying "Great Ideas". It's people can be characterized by the crowds of current rock concerts of repetitive, white noise. Look at them, in ecstasy and escape from freedom and Reality, in thrall to nihlism and nothing, or to be charitible, to sub mediocrity.

    We are infantile and increasingly the Borg, of the Star Trek collective. Declining birth rates, family disintegration make "resistance futile" to foreign and alien takeover.
    Nov 2 07:11 AM | 5 Likes Like |Link to Comment
  • Earnings Disappoint, But Apple Adds $5 Billion To Its Coffers [View article]
    Rereading posts here. Is it in the realm of possibility that analysts set targets they know are unachievable, but still spectacular, in order to reduce stock price and create buying opportunity? Maybe that sounds like a conspiracy theory, but strange stuff has come out of Wall Street over the years.

    The current price of AAPL is a buying opportunity, on the dip.
    Oct 21 06:21 AM | 2 Likes Like |Link to Comment
  • Earnings Disappoint, But Apple Adds $5 Billion To Its Coffers [View article]
    Excellent post. I made a similar observation on another AAPL topic board. The analogy is like a field goal kicker. In absolute terms, AAPL kicked the ball straight and long down the middle of the field, longer than any time in the past. But the analcysts moved the goalposts so far, that only a near miracle could the football reach. Why do investors accept as a given that there is inherent validity and integrity in analysts' targets?
    Oct 19 07:44 AM | 2 Likes Like |Link to Comment
  • Apple (AAPL): FQ4 EPS of $7.05 misses by $0.23. Revenue of $28.3B (+39% Y/Y) misses by $1.15B. AAPL -5.6% AH. (PR)  [View news story]
    For a "miss" of analyst's expectations, one has to assume that there is some objective and compelling confidence in the targets set by analcysts. Why is that? Could a more realistic target have made AAPL outperform again? AAPL outperformed their own targets.

    Analysts are like film critics, if they had the talent and mojo, they would be working at doing and creating.
    Oct 19 07:35 AM | 1 Like Like |Link to Comment
  • Apple (AAPL): FQ4 EPS of $7.05 misses by $0.23. Revenue of $28.3B (+39% Y/Y) misses by $1.15B. AAPL -5.6% AH. (PR)  [View news story]
    Nobody ever questions whether the analysts estimates were realistic or in line with real data, such as product cycle, refresh models, etc. Notice that the metrics and methodology of the analysts is never mentioned. I wish someone on these financial programs would ask some whiz, "How did you arrive at your particular estimate figure?" Wouldn't that be nice?
    Oct 18 05:31 PM | 2 Likes Like |Link to Comment
COMMENTS STATS
148 Comments
312 Likes