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slaughterer

slaughterer
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  • How China Borun Has Exaggerated Its Financial Performance [View article]
    Mr. Little , thank you for your persistent efforts to unmask BORN as a fraudulent Chinese small-cap. However, as with your previous analysis, I have serious doubts about its legitimacy and intent.
    1. If you have the SAT docs --- Scan them to a PDF and post them! Or at least give us the registration number for them. Otherwise, many will doubt you have the SAT docs.
    2. "Management themselves have admitted this to my expert who toured their plants. ... If you don’t believe me just call them and ask (good luck getting an answer)." This makes no sense: if management will not respond to my enquiry concerning its wet milling (as you imply parenthetically) , why should it admit to your expert.
    3. When you ask the questions 3 and 4:
    "3. Why is BORN’s 2009 gross profit margin in its SAT record less than ¼ of the level reported in its F-1 filing?
    4. Why do BORN’s tax records show substantial losses?"
    you make the mistake of confusing Shandong Borun with BORN. Re. Question 3 the gross profit margin is less than 1/4 only for Shandong Borun (not BORN) in 2009, and Re. Question 4 only Shandong Borun shows losses in 2008 and 2009, not BORN. The two are different entities. Your critique falsely conflates the two.
    Oct 26, 2010. 05:48 PM | 9 Likes Like |Link to Comment
  • Tesla Motors (TSLA +1.8%) moves forward with a plan to open a store in China, despite doubts from analysts that the automaker can make a strong presence in the nation. Though the Chinese government is getting more serious in offering subsidies for electric vehicles, the price tag on the Model S and the lack of charging station infrastructure are concerns. [View news story]
    Lots of rich Chinese foreign auto enthusiasts who want a Tesla to park alongside their Porsche and Ferrari: nice move Elon.
    Jun 7, 2013. 11:06 AM | 6 Likes Like |Link to Comment
  • Should Tim Cook Ask WWJD (What Would Jobs Do)? [View article]
    Cook is a liability to AAPL shareholders and should be replaced along with about half of the board.
    Mar 6, 2013. 03:59 PM | 4 Likes Like |Link to Comment
  • Amazon Smartphone: AT&T will be exclusive provider [View news story]
    We do not even know if it will be a smartphone, and we already know AT&T will be sole provider?
    Jun 17, 2014. 08:52 AM | 3 Likes Like |Link to Comment
  • Quantitative Easing: The Ultimate Faustian Bargain [View article]
    Scott, thanks. This should be published in all newspapers and be required reading for all students,
    Aug 22, 2012. 05:40 PM | 3 Likes Like |Link to Comment
  • 3 Reasons Why It's Too Early To Buy McDonald's Shares (Or Any Restaurant Stock) [View article]
    Given the economies of the fast food industry, it is cheaper to eat at a fast-food restaurant than at home during food inflation.
    Aug 13, 2012. 12:05 PM | 3 Likes Like |Link to Comment
  • Netflix: Adjusted Free Cash Flow Almost Non-Existent [View article]
    Good article. You are clearly correct. Netflix did not earn any money last quarter, and Netflix will be making losses for the next two years. Clearly some type of financing will be implemented soon. As far as the price action of the common stock, it is completely detached from fundamentals.
    Jul 6, 2011. 12:34 PM | 3 Likes Like |Link to Comment
  • Apple (AAPL +0.6%) ticks above $400 ahead of FQ2 results and FQ3 guidance few expect to be glowing, particularly in light of supplier numbers (I, II). Shares are down 22% since the company posted a disappointing FQ1 report; the FQ2 EPS consensus has fallen by $1.60 over the last 90 days to $10.07, and the FY13 consensus by $4.31 to $43.66. FBR's Scott Thompson (Outperform) has cut his PT by $100 to $525 today. Thompson likes Apple's valuation, but adds "management has been surprisingly quiet about how Apple may deploy its $130B." He also asserts execution "has been plagued by operational missteps and a steady stream of reported production cuts." [View news story]
    The problem is however: AAPL earnings are declining.
    Apr 23, 2013. 12:44 PM | 2 Likes Like |Link to Comment
  • What's Next For Undervalued Coal Stocks? [View article]
    Put your money in Peabody and lose your money.
    Jun 25, 2012. 05:21 PM | 2 Likes Like |Link to Comment
  • Coming Week Market Movers: Spain And 3 Other Sources Of Panic [View article]
    7) lead to a downgrade of Spanish sovereign debt from the rating agencies.
    Jun 10, 2012. 09:45 AM | 2 Likes Like |Link to Comment
  • Coming Week Market Movers: Spain And 3 Other Sources Of Panic [View article]
    This loan line to Spain will have a number of horrible consequences:
    1) wreck the market for Spanish sovereign debt
    2) lead to a spate of re-negotiation attempts from Ireland (already noted), Greece (to come with elections), perhaps Portugal and Italy.
    3) complicate the ratification of the EMS, now that its rule of not using the EMS to directly recapitalize banks has been broken even before the EMS has been approved.
    4) exhaust the ESFS (if the EFSF is being used, not clear), leaving nothing left over in the EFSF for Italy.
    5) lead to German voter and BuBa outrage at German and EU political leaders.
    6) Not solve any of the problems with the European banking system or economy.
    Jun 10, 2012. 09:27 AM | 2 Likes Like |Link to Comment
  • Netflix: Adjusted Free Cash Flow Almost Non-Existent [View article]
    All great shorts are too early.
    Jul 6, 2011. 01:20 PM | 2 Likes Like |Link to Comment
  • China New Borun: Born to Run or Destined to Fall? [View article]
    BEA, you do not offer much evidence or reasoning while at the same time repeatedly mandating others to show this evidence or reasoning. You are playing the role of a Kantian moderator without being Kantian yourself. Please offer some rational substance, otherwise I see your role as empty, in a formal way--i.e. nothing.
    Oct 23, 2010. 05:39 PM | 2 Likes Like |Link to Comment
  • Autobahn not a problem for souped-up Model S [View news story]
    At least another $5b in mktcap.
    Oct 23, 2013. 01:44 PM | 1 Like Like |Link to Comment
  • Apple (AAPL) files a S-3 shelf registration for the issuance of debt. The details are few, but the company indicated at its last earnings report its intention to take on debt to fund capital returns. Shares +0.8% premarket. [View news story]
    AAPL borrows at 1.25%
    AAPL pays its issued debt at 1.5%
    (net loss of .25%)
    AAPL uses the money raised by selling debt to buy back equity yielding 3.00%
    AAPL has less dividend obligation and raises its EPS by 10% through reducing its float.
    Apr 29, 2013. 10:06 AM | 1 Like Like |Link to Comment
COMMENTS STATS
40 Comments
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