Seeking Alpha

Steve Bay

Steve Bay
Send Message
View as an RSS Feed
View Steve Bay's Comments BY TICKER:
Latest  |  Highest rated
  • Wall Street Breakfast: Shell Agrees To Buy BG Group For $69.6B [View article]
    Our youth now love luxury. They have bad manners, contempt for authority; they show disrespect for their elders and love chatter in place of exercise; they no longer rise when elders enter the room; they contradict their parents, chatter before company; gobble up their food and tyrannize their teachers.

    ― Socrates (469-399 BC)
    Apr 8, 2015. 12:04 PM | 10 Likes Like |Link to Comment
  • Tesla Motors delivers 10K vehicles in Q1 [View news story]
    Seasonality to production rates? I don't think so. You're confusing metrics.
    Apr 3, 2015. 06:08 PM | Likes Like |Link to Comment
  • Axion Power Concentrator 391: Mar. 01, 2015 [View instapost]
    Perhaps we should look to one particular rose glass wearing, golden tongued silver fox.
    Mar 14, 2015. 12:57 AM | 3 Likes Like |Link to Comment
  • Axion Power Concentrator 391: Mar. 01, 2015 [View instapost]
    What is everybody's thought on the "Big Uglys" finally releasing all their shares? Is it time to swoop in and pick up this stock at steep discount, for a deep alpha opportunity?
    Mar 14, 2015. 12:55 AM | 1 Like Like |Link to Comment
  • Growlife: Derivative Liabilities, High Dilution And Possible Bankruptcy [View article]
    He's not saying you are lying. He is saying that you are neglecting to provide context and perspective in the face of the financing structures typical of small cap and start up companies.
    May 29, 2014. 10:11 AM | 3 Likes Like |Link to Comment
  • Growlife: Derivative Liabilities, High Dilution And Possible Bankruptcy [View article]
    You're article isn't positive, but it isn't wrong. Shame on anyone talking badly on Tri, keeping your head in the sand isn't a great investment strategy.

    Any comments on the new director? If anything, this guy has been brought in to solve just the problems you describe. Never underestimate the resourcefulness of a group of smart and well connected people in a booming industry.

    "[PHOT] today announced that financial executive Mark E. Scott joined its Board of Directors effective May 21, 2014. Mr. Scott has served as Chief Financial Officer and held board and secretary positions for several publically traded companies. Mr. Scott will help advise the company on strategic growth investments, financial reporting and governance."
    May 28, 2014. 07:03 PM | 12 Likes Like |Link to Comment
  • GrowLife Strengthens Financial Management Core with New Addition To Its Board of Directors [View article]
    This is good for SEC listing as well as overcoming the terrible financing and dilution problems they face in the near (<12mo.) future.
    May 28, 2014. 10:52 AM | Likes Like |Link to Comment
  • Growlife Inc.: 3 Assumptions To Rethink [View article]
    Informative post Tri. The PHOT cheerleaders underestimate how negative these convertible notes are.

    Bank account closures aren't just a rumor. Confirmed in 10Q

    Closing of Bank Accounts

    On March 31, 2014, the Company received notice from one of its primary banking institutions that its bank accounts with that institution were going to be closed. The Company immediately transferred all of its funds held at that bank to its other primary banking institution. On April 7, 2014, the banking institution that the Company had transferred its funds into upon receiving notice on March 31, 2014, informed the Company that it would be closing the Company’s bank accounts effective May 7, 2014. Neither of these banking institutions provided the Company with an explanation as to why they were closing the Company’s bank accounts.
    May 16, 2014. 12:06 PM | 1 Like Like |Link to Comment
  • GrowLife Q1 Results [View news story]
    I don't know why everyone continues to flame you Tri. I read the 10Q and everything you said it there in plain english, you are just adding a reasonable business interpretation. A lot of these people seem to have their head in the sand IMO. Still, long PHOT.
    May 16, 2014. 11:46 AM | 3 Likes Like |Link to Comment
  • Growlife: Why It Got Halted And What You Need To Know Before Trading Resumes On Friday, April 25th [View article]
    Not having any luck filling orders with td ameritrade. no info on bid/ask, and placing a limit order results in TDA errors saying bid is far below ask and to check that i'm purchasing the right security.
    Apr 25, 2014. 11:43 AM | Likes Like |Link to Comment
  • Cannabis Investment: The Grass Ain't Green, It's Brown [View article]
    Good article, wrong venue. This reads like a humanitarian focused piece from the NY times instead of an investment piece. You seem to have a bear sentiment, but if I read between the lines I see bullish indicators of problems caused by success.

    Considering modern industrialized growing practices, weed wouldn't even require that much land area to meet the demand of the entire US. Something like 1-3% of the area used to grow Iowa corn would be sufficient space to meet the entire US market. California will have bigger problems than meeting weed production demands if a decade drought emerges because so little of the agricultural area is used for weed.
    Feb 6, 2014. 12:30 PM | Likes Like |Link to Comment
  • Axion Power Concentrator 292: Dec. 27 '13: Q3 '13 Results; Sale Of PowerCube™ ESS; John Petersen Joins EPower [View instapost]
    Cool, more exploding cars!
    Dec 27, 2013. 11:38 PM | 2 Likes Like |Link to Comment
  • Did Sony Botch PlayStation 4's Market Launch? [View article]
    Impossible? Justin Jaynes managed to do just that.

    He didn't collect and analyze the data of course, however he was creative in synthesizing market research which had already been completed. If only all authors dug a little deeper rather than basing their investment thesis on what they saw in their twice weekly amazon prime ritual.

    I find it hilarious JS keeps defending his "opinion". The guy is a troll.
    Nov 20, 2013. 11:53 PM | Likes Like |Link to Comment
  • How Snapchat Is Worth $3-$4 Billion, Mathematically [View article]
    Thank you for another enlightening article. I find it particularly interesting that valuation models present sane LTV numbers in the same ballpark as FB and TWTR. Google and FB didn't just pull 3B/4B from their ass.

    Folks are quick to jump on the bubble bandwagon, but we may be witnessing the birth of the next generation of advertisement where temporal and social content and contexts is the value item, not screen views, CPI or demographics. As you said, snapchat may better capture how people behave in groups (msg sent to SO vs. msg sent to to boys) as oppose to their characteristics as an individual (age, sex, education, location).

    Personally, I think the flaw of snapchat is lack of moat. The app itself may be a fad, but traceless & instantaneous communication in a world of NSA revelations and FB papertrails is here to stay. In otherwords, the internet knows you're a dog (to dig up an old joke from The New Yorker in 1993). The company actually deserving a 3-4B valuation is the one who figures out how to capitalize on the ephemeral data pipe of billions of contextual snippets per day.
    Nov 19, 2013. 06:56 PM | 1 Like Like |Link to Comment
  • Did Sony Botch PlayStation 4's Market Launch? [View article]
    As the author, the burden of proof is on you to demonstrate the randomness of amazon reviews. Good luck with that!
    Nov 18, 2013. 05:17 PM | 3 Likes Like |Link to Comment