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Philip Marlowe

Philip Marlowe
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  • China to lift ban on entry of Vale's giant iron ore ships [View news story]
    Yet more bad news for bulk cargo shippers.
    Jul 3, 2015. 05:08 PM | 2 Likes Like |Link to Comment
  • Long Xplore Technologies: The Reward Is Greater Than The Risk [View article]
    Thank you for shining a light on this small but exciting company. I have been holding it for about a year now and although the stock has been flat, I have seen the business steadily gain traction.

    With XPLR I believe I have hit a problem I often encounter when I try to invest with a view towards change and the future. When I try to guess the future, I am often right as to the direction, but too optimistic as to timing. Or in other words, the future as I predict it comes true but it takes much longer than expected. But hey, better to be right eventually than wrong altogether.

    But it does make sense that change is relatively slow. Despite what the tech and business press would like you to believe, business tends to embrace change only slowly and gradually. This is especially true of the large companies that tend to be XPLR's clients.

    But I do hope that I am right with XPLR and business eventually embraces durable tablets. It seems a pretty obvious direction to go. And, as you mentioned, the early indications are that things are indeed heading in this direction; note, for example, XPLR's steady revenue growth. Or the fact that they keep getting a toe hold into more and more different companies and industries. First it was military, then telecom, then cable cos, then railroads, then airlines, and now ambulances. So despite the flat price, I am quite optimistic about XPLR.

    If you do not mind a little criticism, you article is a little superficial. You did not mention the big events that have been happening lately, such as XPLR's recent equity raise and their purchase of a competitor -- Motion computing.

    I wasn't crazy about the equity raise, but I think the purchase of motion can be a big positive. They got them at a really low price in relation to revenues. Furthermore, when two competitors combine in a small industry like this, it usually results in firmer prices and better margins. The only other major competitor left in this field is Panasonic. Panasonic, while a formidable company, is under a huge debt load and, like most Japanese giants, under pressure to improve margins and profitability. So I doubt Panasonic will be pressuring margins too much.
    Jul 2, 2015. 03:47 PM | Likes Like |Link to Comment
  • Reuters: Union Pacific imposing big surcharge on older crude railcars [View news story]
    This is great news for GBX. They have the car that the new regulations were modelled after.
    Jul 2, 2015. 01:04 PM | Likes Like |Link to Comment
  • Rousseff says Petrobras share in pre-salt oil projects "isn't so large" [View news story]
    I really doubt the stock was undercut by Rouseff. Rouseff's statements were actually in favor of PBR. The stock was undercut by the global selloff that happened today.

    It is a bit disappointing to see SA trying to mislead people like this.

    Rouseff said that the 30% legal requirement is not too large. Which means she is not planning to reduce it. It is very much in Petrobras's benefit that this 30% requirement remains. It means that any company that seeks to drill in the Brasil presalts must sell at least 30% of the project to PBR. Therefore, Rouseff's comments were very much in favor of PBR.
    Jun 29, 2015. 06:48 PM | 7 Likes Like |Link to Comment
  • ISSI -5.5%; Cypress' "final offer" below Uphill's latest bid [View news story]
    Uphill is unlikely to fail to obtain financing as they are probably backed by the Chinese government.
    Jun 25, 2015. 02:52 PM | Likes Like |Link to Comment
  • Broadcom forms Chinese alliances; Avago seen eying more deals [View news story]
    I am all for Avago but I do not see how they will make any large deals after BRCM. Note they spent an year of no large purchases after their last large acquisition -- LSI. I think they will be concentrating on integration for the coming year at least.
    Jun 25, 2015. 01:58 PM | Likes Like |Link to Comment
  • Energous up 10.6% on heavy volume (updated) [View news story]
    I really hope the FCC refuses a license for this. I do not think it is safe to send 4 watt signals in the confines of a small room. They try to address concerns by saying it is just like WiFi, but indoor WiFi works at much lower power levels.

    Furthermore, this may play havoc with all kinds of other wireless devices. They are using a piblic use frequency spectrum that is being used by many other devices. Furthermore, sending a high power signal at one frequency usually results in noise in other frequencies.
    Jun 23, 2015. 01:25 PM | 1 Like Like |Link to Comment
  • Toy story: All-time highs for HAS and JAKK, dividends at MAT [View news story]
    I am not sure what the "historic norm" for JAKK is, but their current valuation at forward P/E of 11.30 and price sales of 0.21 seems very low and not stretched at all.
    Jun 23, 2015. 11:46 AM | 6 Likes Like |Link to Comment
  • Last Week For Income Investors Was Bad, This Week Will Be Better [View article]
    "1st quarter was profitable but flat, and I have no reason to think that the 2nd quarter will be much different."

    How do you figure that? Mattel lost 8c during the first quarter on revenues that fell 2.5% yoy. Where did you get the idea that it was profitable?

    It is true that most toy companies lose money during the first quarter (and often during the second as well), so it is not very unusual but nevertheless I do not see what your long argument is here.
    Jun 22, 2015. 10:50 PM | Likes Like |Link to Comment
  • Cypress hikes ISSI offer to $22.25/share [View news story]
    Woohoo! Keep going guys!
    Jun 22, 2015. 12:37 PM | Likes Like |Link to Comment
  • Synaptics -4.5%; Apple reportedly working on TDDI iPhone chips [View news story]
    Well at least this serves as validation that TDDI is the future and SYNA is the undisputed leader in TDDI. Even if Apple does go with a homegrown design, every android maker in the world will want TDDI, and this will give SYNA plenty of growth opportunities.

    Regarding Apple, well I will believe that when I see it. Apple have some brilliant engineers, but designing a TDDI solution is very difficult. You have to be an expert both in touch sensing and in display driver technology. And while Apple did pioneer a lot of this technology, they ended up outsourcing it and they have not been developing it for many years. They are really behind. I am sure they know how to do it theoretically, but to create a solution that has the top of the line quality one expects from an iphone will not be easy.

    Look at synaptics -- they have been designing touch sensing solutions for their entire history. But, to get a proper TDDI solution working, they had to work on it for years and they had to buy an entire japanese display driver firm. While they had their own display drivers, their home grown chips were not good enough for a high end solution.

    My prediction is apple gives this a good try and they eventually they will have to partner with someone.
    Jun 22, 2015. 11:35 AM | 1 Like Like |Link to Comment
  • Uphill hikes ISSI bid to $22/share, topping Cypress' latest offer [View news story]
    This is all going great. We now need MU or SNDK or TXN to swoop in and make a $25+ bid to take the prize away.
    Jun 19, 2015. 11:52 AM | Likes Like |Link to Comment
  • Toyota executive accused of drug smuggling [View news story]
    Oxycodone is a very dangerous and addictive narcotic. If she were taking it on doctors orders she would have a prescription and buy it in a pharmacy in Japan.
    Jun 19, 2015. 10:32 AM | Likes Like |Link to Comment
  • U.S. House revives 'fast-track' trade bill [View news story]
    Ugh. I hope people remember this and vote everyone out that voted for this bill. The mere fact that Congress is pushing it through without even telling us what is in it is unacceptable in a democracy.
    Jun 19, 2015. 10:28 AM | 2 Likes Like |Link to Comment
  • Culp beats by $0.04, beats on revenue [View news story]
    Great results from Culp once again! They also projected next quarter revenues to be about 6% higher than the single analyst estimate.

    They also announced a one time dividend of 0.40 which will come in addition to their usual quarterly dividend.
    Jun 18, 2015. 04:18 PM | Likes Like |Link to Comment