D.B. Kim

D.B. Kim
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  • Disney Reaction Shows Recession Assumptions Baked-In  [View article]
    I don't think a single digit grower deserves a premium valuation. Even At 15x $5.35 2016E that gets you around $80. It is still a media company first and we shall see if that 3% number buried in the release is an anomaly or a growing trend.
    Feb 10, 2016. 11:14 AM | 4 Likes Like |Link to Comment
  • Doubling Down On Disney  [View article]
    It is not as cheap as it seems. You basically have a single digit growth and mixed data on ESPN. 15x forward earnings of $5.35 is around $80 another 10% lower than where its trading.
    Feb 10, 2016. 10:01 AM | Likes Like |Link to Comment
  • Amazon Stores Are Unlikely To Benefit Shareholders  [View article]
    Have you been to the Seattle store? I've read a lot of articles the last couple of days and its obvious that none of them have been to the store. You are missing a huge key point.
    Feb 5, 2016. 09:13 AM | Likes Like |Link to Comment
  • A Deeper Look At Nintendo's Earnings  [View article]
    Nintendo has a history of lacking in details. What I found most impressive was that download add-on revenue has already matched revs of last year with a quarter to go. Also Miitomo might not be the dud many have anticipated. I think the Miifoto could take off with younger crowds, meme crowd and there could be potential for add-on revenue with clothing items and things.
    Feb 4, 2016. 07:04 PM | Likes Like |Link to Comment
  • Kinder Morgan Wants You To Know Something  [View article]
    $KMI great value prob would not chase today, but KMI will fund 100% of its growth from internally generated cash along with a big cut in capex ... Prob more to say they have analyst day 1/27 in houston
    Jan 21, 2016. 03:52 PM | 5 Likes Like |Link to Comment
  • The Long Case For Nintendo  [View article]
    It got that upgrade from BOA Merrill Japan.. I've been trying to get the report. I believe any NX delays are in the stock ... if you hang on the wording of the Japan newspaper article. Kimishima said we are going to hear more "details" of NX in 2016 ... that must be the Japan brokerage with the steep cut of numbers - leading me to believe as well that it will not launch this year... and I would not be surprised if they are not ready to view at E3 in June either ... there is a lot of rumors going around that many software companies have yet to receive developer kits for the NX which would make a 2016 launch even more less likely... but those are just rumors.
    Jan 19, 2016. 12:56 PM | Likes Like |Link to Comment
  • The Long Case For Nintendo  [View article]
    So Kimishima is out IMO very bullish in Japan this weekend. Plan $855 billion US revs over next "several" years that is about 4x revs of 2015 - Miitomo is on time for March and he "promised" a famous character mobile launch in 2016. Believes NTDOY will hit a financial level never seen before... Sounds like NX details will be released this year, but Im not convinced it will launch which is consistent with all the local downgrades this past week. http://bit.ly/1P9kJO6
    Jan 17, 2016. 02:05 PM | Likes Like |Link to Comment
  • GoPro Stock: Don't Be A Sucker  [View article]
    I got torched for saying last March that I was surprised how few $GPRO I saw in Hawaii, with most families opting for the very affordable iNecklace (aka waterproof case that hangs from the neck) ....$GPRO has the majority of adventure seekers...but it hasn't figure out a way to broaden its appeal in a smartphone world .... I covered for too early ...
    Jan 14, 2016. 04:19 PM | Likes Like |Link to Comment
  • The Long Case For Nintendo  [View article]
    1. I agree that $NTDOY $7974 is at a very compelling value here. I should have stated earlier that I am long the stock, fortunate to purchase ahead of the mobile announcement last year, but frustrated for essentially a round-trip since Kimishima has taken over.
    2. Kimishima in the past has been very critical of $NTDOY pace, including saying, correctly, that the WiiU was underwhelming... yet, he's done nothing in his first 90 days to put his own stamp on the company, except support more of the same - which is delay, delay, delay and then underwhelm...
    3. The positives are exactly as the author has written, a very strong IP and plenty of cash to cushion .. and eventually the mobile strategy will come along... when you walk around $GME or any video game section, all the titles look the same except NES ... gamers and shareholders are patiently waiting the next move, but that is never as soon as most of us wish, so I think the recent downgrades in Japan, paints a more accurate picture of earnings which essentially makes it dead money until 2018 ... but I'm hopeful that Kimishima has something up his sleeve and actually does surprise the street with something awesome .. .and that means better than PS4 and XBOX ... faster, better graphics, better hardware, better experience ... that's what $NTDOY shareholders are betting on...
    Jan 12, 2016. 12:18 PM | Likes Like |Link to Comment
  • The Long Case For Nintendo  [View article]
    $8 in cash, no debt that means investors giving the entire franchise only a $7/ per share value at these levels, pretty compelling but you have to deal with Nintendo's eccentric mgmt and right now Kimishima has been nothing but wrong. NX rumors already starting to come out and developers are panning, Japanese security firms have cut earnings numbers by 30% - my read is they dont believe NX will be ready this year, nor do they believe Zelda will be ready by already multiple timed delayed release of March. It has a great IP but a very slow strategy and this hurts shareholders and gamers ....
    Jan 12, 2016. 09:50 AM | Likes Like |Link to Comment
  • Could Apple EPS Really Fall To $8?  [View article]
    Not so long ago $GOOG missed on social and the end of the desktop was highly exaggerated ... the stock was headed to zero ... $AMZN was bloated, investing in "fads", and faced steep competition from $WMT and $TGT ... and the stock was headed for zero .... $FB IPO was a disaster, millennials moved on to other social companies, it was overpriced and going to zero .. $NFLX botched it's fee increases and DVD mail-order split and was losing customers by the millions and going to zero ... these are all things Wall Street analyst said about these companies... now its $AAPL turn, iphone and tablets are dead, nobody going to buy apps, the $20 billion in app revenue is a mirage ... it's going to zero ..... I can't wait to see how this all turns out in a few years ... .
    Jan 11, 2016. 12:13 PM | 5 Likes Like |Link to Comment
  • Macy's: High-Yield Retailer On Sale  [View article]
    Macy's has a huge disconnect with its customers, I think the stock is cheap but how does this all play out in an online world is still to be determined. $JWN has a much better multi-channel approach, strong dividends and already has a well established discounter in the Rack. Macy's P/E is cheap but what if the "E" keeps going down?
    Dec 30, 2015. 03:09 PM | 5 Likes Like |Link to Comment
  • Fannie And Freddie: In Or Out  [View article]
    Glenn Bradford is on fire ... too bad there's not a virtual tip machine ... i would have lit it up...
    Dec 15, 2015. 04:48 PM | 1 Like Like |Link to Comment
  • Disney Still Represents Good Value In Spite Of Residual Concerns  [View article]
    Historic peak $DIS P/E is right around 25 ... good stock, but definitely better at much cheaper prices.
    Dec 7, 2015. 01:03 PM | 1 Like Like |Link to Comment
  • Nintendo And Disney: A World Where Content Is King  [View article]
    $NTDOY mobile has a chance to be pretty huge. $DIS doing over $1 Billion/year in mobile games and $NTDOY has a better gaming IP with Mario, Zelda, Donkey Kong... the company understands it can print money, but that is not always the objective, which is why investors are always frustrated. $NTDOY also started to license its characters inside Universal theme parks ... so if a $DIS marriage were to occur it wouldn't be anytime soon. Finally, though, the cultural differences, make it doubtful that $NTDOY would ever be for sale, management would rather go bankrupt.
    Dec 1, 2015. 03:43 PM | 2 Likes Like |Link to Comment