Philip Marlowe

Philip Marlowe
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  • Motorcar Parts of America beats by $0.01, beats on revenue  [View news story]
    Great results from MPAA. This is one company that derives nothing but benefit from the low oil prices and has no negative exposure to plummeting overseas currencies.

    It should be noted that the year ago quarter had an extraordinary revenue recognition of 12.6 million that did not appear this quarter. If you strip that out, revenue grew 32% yoy.
    Feb 9, 2016. 12:19 PM | 1 Like Like |Link to Comment
  • El-Erian: Too early to rule out March rate hike  [View news story]
    Wage gains were not that great -- 12 cents per hour, or about 2.5%. This is significantly less than pre-recession averages. You could call them encouraging but they are not something that would cause inflation, or require an increase in interest rates.

    We all know the headline unemployment rate is not a very accurate indication of employment, and labor force participation is still at record lows.

    Inflation continues to be very low. More importantly, the rest of the world is dealing with massive overcapacity and devaluing their currencies like crazy. If we even hint at increasing rates further we will get hit by a tidal wave of products and services coming from the rest of the world and there will be no jobs left in america other than food service and retail.
    Feb 5, 2016. 02:12 PM | Likes Like |Link to Comment
  • Control4 +22.9% after strong guidance, $32.7M acquisition  [View news story]
    Seems the internet of things is finally starting to gather some steam. Even Control4 which is notorious for being very overpriced seems to be doing well.
    Feb 5, 2016. 01:54 PM | Likes Like |Link to Comment
  • Just 0.1% of global crude output shuttered by cheap oil, report says  [View news story]
    Russia just had their highest ever post-soviet month of production in January.
    Feb 5, 2016. 01:06 PM | 7 Likes Like |Link to Comment
  • Ubiquiti up 18.3% after FQ2 beat, strong FQ3 guidance  [View news story]
    Great results, and hopefully this will lead to much improved performance down the road. The conference call was interesting to say the least. I very much appreciate Pera's honesty, especially when he vents frustrations with past (i.e., now fired) engineering teams that did not perform up to standards. It is nice to see that he continues to have high standards for his engineers, and that he has put past problems behind him. I have been watching various internet forums and it seems that the improvement in the new line of AC access points is very significant.

    That being said he should really learn to be more courteous with analysts, and try to actually answer their questions.
    Feb 4, 2016. 07:22 PM | 3 Likes Like |Link to Comment
  • Net 1 UEPS Technologies EPS in-line, beats on revenue  [View news story]
    You make a good point, but we should keep in mind that their forecast is for fiscal 2106, and their fiscal 2016 is already half over. The much lower exchange rate we see today will affect only Q3 and Q4.

    Furthermore, most of their costs are in south africa, so their income will not be as affected by exchange rates as a US based company with large exports.

    So I think they will still make at least $2.00 in the current fiscal year. This still results in a very nice very low P/E.
    Feb 4, 2016. 07:14 PM | Likes Like |Link to Comment
  • Net 1 UEPS Technologies EPS in-line, beats on revenue  [View news story]
    There was another 0.09 of non-recurring charges. So on comparable basis it was 0.51. It seems that they had a definition of fundamental (i.e., non-gaap) EPS that did not exclude some more unusual non-recurring costs that occurred this quarter, thus this time around they had to say that their fundamental eps was .42 but there was another .09 of non-recurring costs that should be excluded.

    It seems that the biggest such cost was a tax charge they took when they moved all their cash from rand to dollars in order to avoid losing more on the exchange rate.
    Feb 4, 2016. 06:44 PM | Likes Like |Link to Comment
  • Ubiquiti Networks beats by $0.07, beats on revenue  [View news story]
    Great results! This was a quadruple beat, because they provided an outlook that also beat the forward quarter revenue and EPS estimates.

    Lets hope this is finally a return to the good old times when UBNT would regularly serve quadruple beats and the stock would regularly skyrocket due to the huge short interest.
    Feb 4, 2016. 06:00 PM | 2 Likes Like |Link to Comment
  • Net 1 UEPS Technologies EPS in-line, beats on revenue  [View news story]
    Great results from UEPS. They suffered from the plummeting south african rand, but amazingly their revenue growth has been sufficient to almost completely compensate for the downfall of the currency. It is very unlikely that the rand will fall as drastically for a second year in a row. It is rather likely that the UEPS business will continue to grow.

    With today's results they predicted that they would make $2.45 in income in fiscal 2016 which puts their forward P/E at 4.68! This for a growing company with high tech moat!
    Feb 4, 2016. 05:57 PM | Likes Like |Link to Comment
  • Chinese firm acquiring Multi-Fineline for $610M ($23.95/share)  [View news story]
    Why did I sell??? Slams head against wall.
    Feb 4, 2016. 04:48 PM | 1 Like Like |Link to Comment
  • Multi-Fineline Electronix beats by $0.01, misses on revenue  [View news story]
    MFLX also announced that they are being purchased by a chinese company for $24 per share. I should have never sold!! I correctly predicted that their revenues will plummet, but i was a little too clever for my own good.

    This is the great thing about investing in high quality electronics/semiconductor companies. Even if they suffer short term weaknesses, you will still make money on the stock because the Chinese will buy them out. The Chinese value technology and are not constrained by short term thinking.
    Feb 4, 2016. 04:47 PM | Likes Like |Link to Comment
  • Fairchild reportedly set to accept Chinese offer, terminate ON deal  [View news story]
    The bright side for ON is that they will get a 72 million breakup fee which is pretty big for a company the size of ON -- over 2% of their market cap. The other bright side is that they won't be burdened with the shrinking money losing fairchild business.

    As far as fairchild goes -- they were once THE semiconductor company of the world. Now they are trying to convince the government that their products are cheap commodities so that the government lets them be taken over by a Chinese company. Tragic.
    Feb 2, 2016. 02:48 PM | 1 Like Like |Link to Comment
  • Pixelworks CEO Walicek resigns; Q4 results pre-announced  [View news story]
    I vaguely remember back when pxlw was trading at around $5-$6 ... everyone here insisted that it was poised to do something. I wonder what it was that it was poised to do ... and whether it has maintained its poise.
    Feb 1, 2016. 06:16 PM | 1 Like Like |Link to Comment
  • Apple suppliers up strongly following Skyworks/Synaptics' earnings  [View news story]
    Which other industry has these low valuations combined with deep moats and future growth? It is possible but I am not aware of one.
    Jan 30, 2016. 01:57 PM | Likes Like |Link to Comment
  • Apple suppliers up strongly following Skyworks/Synaptics' earnings  [View news story]
    I should point out that for both Skyworks and Synaptics the fundamentals are very good. Even after today's gains, they are both trading at very low forward P/Es. Even after taking account for Apple's drastic reduction in orders, both Skyworks and Synaptics expect earnings and revenues to grow in 2016.
    Jan 29, 2016. 04:44 PM | 5 Likes Like |Link to Comment