Seeking Alpha

Misho ILIEV

Misho ILIEV
Send Message
View as an RSS Feed
View Misho ILIEV's Comments BY TICKER:
Latest  |  Highest rated
  • Bulgaria's Strange Bank Run [View article]
    To say that the currency board is a disaster in the making is quite an exaggeration. The Bulgarian National Bank has around EUR 13.5 billion of FX reserves (including gold and SDRs) as compared to EUR 29 billion worth of demand deposits in the local currency held by the depository institutions. Under normal conditions this should be sufficient to backstop any external drain on the system.

    But the peg to the euro certainly creates some stress in the FX market.
    Jul 5 10:46 AM | Likes Like |Link to Comment
  • Bulgaria's Strange Bank Run [View article]
    This debate about the property over 'money' is very misguided. One can only have property rights over physical currency printed on paper. All other 'money' is a balance sheet operation of the banks and signifies promises and credit.
    Jul 5 10:24 AM | 1 Like Like |Link to Comment
  • Chicago Bridge And Iron - Speculative Buy [View article]
    Thanks, George.

    I agree CBI could have issued a more detailed reply.

    As for CBI's valuation, it has a current p/e 17 and a forward p/e 14. And still another 16% profit increase is expected in 2015. To me that makes CBI a buy at $70. Okay, perhaps not the most dreaming buy ever but it looks a reasonable thing to do.
    Jun 23 04:09 PM | 1 Like Like |Link to Comment
  • Chicago Bridge And Iron - Speculative Buy [View article]
    You sure CB&I haven't commented on the report? What about this announcement?

    http://on.mktw.net/1nn...

    After all, even if true this too shall come to pass... Waiting until we have absolutely 100% proof that this is not a 'misleading' report means waiting till the share price soars, i.e. it will be too late and buying then will again be risky, from a valuation point of view.
    Jun 20 09:06 AM | 1 Like Like |Link to Comment
  • Why Union Pacific Is Our Favorite Railroad Idea [View article]
    Thanks, good points there. But I don't think this is conclusive about the US rail because:

    - this accounts only for imports which I believe are a relatively small part of the freight of the US trains, and
    - it accounts only for that part of the import that does not care about the time.

    This excerpt also does not quantify the cost effectiveness of the Panama canal. If the savings are relatively small then it might not divert that much traffic.

    I would say - inconclusive - but a good issue to be explored.
    Jun 18 03:00 PM | Likes Like |Link to Comment
  • Why Union Pacific Is Our Favorite Railroad Idea [View article]
    What's your take on that, Palladium?

    I don't see why rail should suffer from Panama. UNP, CSX and NSC connect industrial areas within the US. So in aggregate the Panama canal, even if it shifts some freight from one port to another, would not affect much US rail. If anything, the effect should be positive.
    Jun 16 03:39 PM | Likes Like |Link to Comment
  • Why Union Pacific Is Our Favorite Railroad Idea [View article]
    Same here, love it! It's a long-term winner.
    Jun 5 01:54 PM | Likes Like |Link to Comment
  • FBR survey points to soft Priceline hotel numbers (updated) [View news story]
    Yeah, they have a $1500 price target, right? And talking about hotel count decline... A bit weird...
    Jun 4 05:35 PM | Likes Like |Link to Comment
  • I Just Can't Sell Starbucks, Even With A 9% Drop Year-To-Date [View article]
    >except for late 2013 to now, there is no time period when one would not have made money buying SBUX

    How about November 2006 - November 2008?
    May 31 04:25 PM | Likes Like |Link to Comment
  • The Contenders To Visa's Payment Crown [View article]
    Is Cash Still King in the Age of Mobile Money?

    http://bloom.bg/1k4GApP
    May 29 01:46 PM | Likes Like |Link to Comment
  • Apple Tries To Be Cool Again [View article]
    I would think that if Apple is a good buy at 600 it must be okey to buy it at 625 too. You are certainly not advising people to buy at 600 in order to sell at 625, right?


    It is also a bit weird that one who failed to buy at $590 just two weeks ago would now be waiting for $600, non?
    May 29 05:28 AM | 4 Likes Like |Link to Comment
  • Priceline.com: Business Model Concerns Outweigh A More Appealing Valuation [View article]
    Now at $1260 it's kinda late for buying with protection...
    May 27 04:42 PM | Likes Like |Link to Comment
  • I Just Can't Sell Starbucks, Even With A 9% Drop Year-To-Date [View article]
    Indeed, as others say here, it's not a time to sell at this dip. On the contrary, it is time to add to your position.
    May 24 07:19 AM | Likes Like |Link to Comment
  • Priceline.com: Business Model Concerns Outweigh A More Appealing Valuation [View article]
    Sure the hotels aren't happy that the middleman is eating their margins.

    But why would the consumer want to look at Hilton's website which is liable to contain much fewer options than booking.com? And not offering better price either. What's the added value for the consumer?

    I would think that Hilton could at most create a boutique upmarket website. But would that be a real threat to priceline? I don't think so.

    Overall priceline looks like a very good bet likely to to go above 1400 towards the end of this year. In a pessimistic scenario I see shares staying above 1100 in May 2015. So huge potential upside, low risk of significant drop. It all translates into a strong buy anywhere below $1150.

    May 24 07:13 AM | Likes Like |Link to Comment
  • 21st Century Fox Has Challenges [View article]
    Basically Fox has a long term strategy. So shares would be most attractive to people willing to hold them at least 18 months or more. If you are in that category then I would think FOXA is a good bet.
    May 17 07:50 AM | Likes Like |Link to Comment
COMMENTS STATS
570 Comments
363 Likes