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citizenleung

citizenleung
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  • Dell (DELL) enters into agreement to be acquired by Michael Dell and Silver Lake for $13.65/share, or $24.4B, a 25% premium over the Jan. 11 price before rumors began. (PR[View news story]
    $13.65 is quite a premium to its low of $8.69.

    DELL shareholders are lucky they're getting $13.65. What they should be angry about is DELL spending so much on buybacks. Based on today's sale price, Dell probably could have bought itself once or twice already.
    Feb 5 11:25 AM | Likes Like |Link to Comment
  • The House will vote on the unamended Senate bill at 9 PM ET, reports CNN's Dana Bash. Any attempt to alter the bill by adding spending cuts has reportedly been abandoned for now. Update at 9:10: The vote has been pushed back to 11 PM ET. [View news story]
    Geoff:

    Note that I said "conservative," not "Democratic" or "Republican." Clinton and Rubin did their part in redistributing wealth from the middle class to the rich. They weren't nearly as good as Reagan or Bush 43, though.
    Jan 1 09:43 PM | 1 Like Like |Link to Comment
  • The House will vote on the unamended Senate bill at 9 PM ET, reports CNN's Dana Bash. Any attempt to alter the bill by adding spending cuts has reportedly been abandoned for now. Update at 9:10: The vote has been pushed back to 11 PM ET. [View news story]
    The conservative redistributionists have bent over the American middle class for the last thirty years--taking their money and giving it to the rich in the U.S. and the poor in China.
    Jan 1 08:51 PM | 4 Likes Like |Link to Comment
  • Over 2M iPhone 5 units have been sold thus far in China, Apple (AAPL) boasts. China Unicom's (CHU) healthy pre-order activity probably had a lot to do with this figure. Sparse crowds for the Friday launch stoked fears initial sales were light, but weather and pre-ordering requirements seem to have played a role. For reference, Apple announced in September over 5M iPhone 5 units had been sold 3 days after the device went on sale in the U.S., Japan, and 7 other locales. (PR[View news story]
    As of Friday's close, people who bought Intel, one of your favorites, at $29.27 are more foolish than people who bought Apple at $705.07.

    Apple treats its shareholders wonderfully--just look at the incredible gains over the last ten years. Look at Apple's unparalleled transparency, at least among tech companies, in reporting sales, revenues, earnings, and profits. As for the dividend, I'm as happy with Apple's dividend as I am with Philip Morris or Kinder Morgan's dividend.

    You begin to lose credibility when you claim that Apple has no innovative products. The only innovative products over the last 5-6 years in the mobile space have been the original iPhone and the original iPad. Every device since, whether by Apple or another manufacturer, have been evolutionary rather than innovative. If you consider Samsung's devices "innovative", you have a most curious interpretation of the word.
    Dec 17 01:32 AM | 3 Likes Like |Link to Comment
  • Apple's Achilles' Heel: Samsung Has An Arrow Pointed Straight At It [View article]
    "There are more developers using Android ..."

    Perhaps, but they don't appear to be interested in developing apps for Android tablets.
    Dec 17 12:42 AM | Likes Like |Link to Comment
  • Over 2M iPhone 5 units have been sold thus far in China, Apple (AAPL) boasts. China Unicom's (CHU) healthy pre-order activity probably had a lot to do with this figure. Sparse crowds for the Friday launch stoked fears initial sales were light, but weather and pre-ordering requirements seem to have played a role. For reference, Apple announced in September over 5M iPhone 5 units had been sold 3 days after the device went on sale in the U.S., Japan, and 7 other locales. (PR[View news story]
    Cook didn't announce this to support the stock--they announce great sales figures regardless of whether the stock is zooming up or collapsing.

    That's one of reasons I like Apple--they treat the fools on Wall Street the way they deserve to be treated.
    Dec 16 10:24 PM | 8 Likes Like |Link to Comment
  • Apple's Achilles' Heel: Samsung Has An Arrow Pointed Straight At It [View article]
    Sure, Android's tablet share will outpace Apple's in 2013. However, how many of those Android tablets are either 1) shipped but not sold or 2) serving as glorified paperweights on their owners' desks or, worse yet, forgotten in a drawer or closet? Based on usage statistics compiled by numerous third parties, there are huge piles of Android e-trash lying around.
    Dec 12 03:41 PM | 5 Likes Like |Link to Comment
  • Apple's R&D Numbers - Something Good Brewing, Or Something Wrong? [View article]
    Apple is doing more and more in-house (designing chips for mobile devices, maps, etc.), which probably necessitates greater R&D spending.

    On innovation, the only developments over the last 5-6 years in the mobile space that qualify as "innovations" are the original iPhone and the original iPad. All mobile devices since, whether by Apple or any other manufacturer, have been evolutionary rather than revolutionary products. The Surface is innovative for Microsoft's standards, but tiles and a kickstand are not, in and of themselves, "innovative."
    Nov 27 04:58 PM | 6 Likes Like |Link to Comment
  • Has the iPhone lost its "wow" factor, and if so, is it something for Apple (AAPL +1.2%) to be truly worried about? A day after the iPhone 5 launch, the press is alight with commentary declaring the device a good upgrade, but nothing more. Some think the effectiveness of the Apple rumor mill might be to blame. Either way, the big question is how much a lack of excitement will affect sales when Apple can still claim an edge in customer loyalty and apps, and can tout hardware features that often match or exceed those of rivals. [View news story]
    You must be easily wowed.
    Sep 13 11:05 PM | 1 Like Like |Link to Comment
  • BofA's (BAC) Wealth Management division is holding a conference call tomorrow with Paulson & Co.'s John Paulson, giving the firm's retail advisors and clients a chance to take a shot at his disappointing year-to-date performance. So far in 2012, Paulson's Advantage Plus fund is off 18%, while his Advantage fund is down 13%. Remember, this is on the back of declines in 2011 of over 50% and 36%, respectively, and comes just days following Citigroup's (C) announcement that its Private Bank was pulling $410M out of Paulson's funds. [View news story]
    Wow--my buy and (mostly) hold portfolio outperformed Paulson's Advantage Plus by 235% over the same period! When can I start a hedge fund? If only Goldman Sachs would have let me short some hand-picked, AAA-rated securities backed by nonperforming loans. Oh well.
    Aug 28 01:12 AM | 1 Like Like |Link to Comment
  • More on Apple's FQ3: The company is guiding for FQ4 revenue of $34B and EPS of $7.65, below a consensus of $38B and $10.22. iPhone sales miss consensus, iPads beat. Gross margin of 42.8%, down 460 bps Q/Q (due to mix shift towards iPads) and up 120 bps Y/Y.  6.8M iPods sold, -10% Y/Y. Americas revenue +26%, Europe +16%, Japan +33%. Asia-Pac (led by China) +25% Y/Y but -22% Q/Q. Retail +17% Y/Y. $2.65/share dividend declared. CC at 5PM ET (webcast). AAPL -4.9% AH. (PR)  [View news story]
    At $570, AAPL's P/E is 13.4. No need to panic.
    Jul 24 04:52 PM | Likes Like |Link to Comment
  • Is The Perfect Storm Here? [View article]
    " ... China, where capitalism now thrives unfettered."

    This statement reveals stupidity, foolishness, or ignorance (or perhaps all three). The Chinese leadership is currently hard at work constructing the next 5-year plan. The plan will be executed by state-owned enterprises that march to Beijing's orders. Very capitalistic.

    Are you so deep in Tea that you've lost your common sense?
    Jul 20 12:49 PM | 14 Likes Like |Link to Comment
  • General Electric (GE -1.2%) may look attractive on the surface, with its industrial and capital services units both poised for cyclical gains should the economy kick into gear. However, the mega-conglomerate is a unique financial-industrial hybrid, says Morgan Stanley's Nigel Coe, and if you back out GE Capital from the numbers, you'll find that both units are actually trading at a large premium to comps., and with a little pricing competition, the company could face serious headwinds.  [View news story]
    The financial crisis has revealed Jack Welch's stupidity in turning a champion industrial company into a GE Capital-dominated monstrosity. Until Immelt creates a more balanced company by divesting more of GE Capital, troubles emanating from the financial sector will continue to punch GE investors right in the gut.
    Jul 16 03:58 PM | 1 Like Like |Link to Comment
  • Charlie Munger: Civilized People Don't Buy Gold [View article]
    I own gold and a gold stock, and I agree with Munger. I own them not because I believe in gold's intrinsic value (it has little or none) or in gold's ability to store wealth (it doesn't). Instead, I believe that, for the foreseeable future, there will be ignorant/foolish/crazy people who will periodically bid gold prices up from absurd to ridiculous. Why not be along for the ride?
    May 6 04:30 PM | 6 Likes Like |Link to Comment
  • The President is speaking about his proposals to crack down on manipulation in the oil market. Watch live here.  [View news story]
    So regulating hydraulic fracturing is the same as a war on fossil fuels? I guess testing car seats would be a war on babies in your book.

    The oil and gas industry praised the EO for gathering the disparate regulatory bodies under one roof, which would simplify regulations and reduce the red tape.
    Apr 17 12:05 PM | 1 Like Like |Link to Comment
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