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  • Qualcomm's Growth In Q4 2014 To Be Driven By Higher 3G/4G Device Demand, Though License Business Remains Uncertain [View article]
    Great article, thanks.
    Nov 6, 2014. 09:41 AM | Likes Like |Link to Comment
  • Update: Coach Earnings - Little Light At The End Of The Tunnel [View article]
    Congratulations on your bearish call. Personally I'm long Coach and recently doubled up my position. However, I am fully expecting the stock to drop further and intend on buying more as the bears slam the stock.

    My view is that Coach is a extremely well managed company. They are also honest and transparent in dealing with shareholders. Every company has its ups and downs. Competitive threats like Michael Kors are a fact of life. Its how a company manages those competitive threats that will determine the long term prospects of the stock.

    Will Stuart Vevers turn things around? I DON'T KNOW! And neither does Coach or even Stuart Vevers. On the other hand, if he doesn't succeed, it seems to me that Coach will simply replace him for somebody else. Eventually something will work.

    However, there are three compelling reasons to own Coach Stock. Firstly, its got a very strong balance sheet. Secondly, its very profitably and well managed. Thirdly its got a high dividend which management appears to be committed to maintaining. Moreover, it is well covered by both income and FCF. If the stock drops in price, the yield will just go higher.

    In many respects you couldn't find a better long term investment. This is exactly the type of stock that I like to buy on weakness. The lower it goes the better I like it.
    Oct 31, 2014. 11:50 AM | Likes Like |Link to Comment
  • Report: Apple shutting down Beats Music (updated) [View news story]
    The question is not why would you want to damage the brand, but why the hell they bought the brand in the first place. They just flushed $3 Billion of shareholder's money down the toilet.

    Sep 22, 2014. 06:24 PM | 10 Likes Like |Link to Comment
  • Oracle CEO Larry Ellison Takes New Role - What Does It Really Mean? [View article]
    Hopefully we won't have to pay him the outrageous salary he has come to expect for the privileged of doing so.
    Sep 21, 2014. 11:49 AM | Likes Like |Link to Comment
  • Is Western Union Sending You A Message? [View article]
    Sorry, meant to say, buy the dips. If you can get a 4 % yield it's worth holding for the long term.
    Aug 29, 2014. 05:04 PM | 2 Likes Like |Link to Comment
  • Is Western Union Sending You A Message? [View article]
    Good analysis. If the stock gets trashed for whatever reason it's a good income stock to hold in ones portfolio.
    Aug 29, 2014. 05:01 PM | 1 Like Like |Link to Comment
  • Coach: Transformational Plan Is Unlikely To Bring In A Drastic Turnaround [View article]
    Classic contrary opportunity. Buy when everybody is shunning the company. Every company experiences setbacks and new competitive threats. It's only when a company dismisses those competitive threats (like Blackberry did with Apple) that you should dump the stock. In this case Coach has a strong balance sheet and is well capitalized to address the competitive threat. Despite its narrowing margins it's still profitable with good returns on capital. Taken togeather, this warrants averaging down.
    Aug 24, 2014. 02:18 PM | Likes Like |Link to Comment
  • Coach - Expensive Valuation And Facing Intense Competition [View article]
    Not a great or insightful analysis. I would be more inclined to believe this analysis if the author explained what prevents Coach from turnig things around.

    I am very happy for Michael Kors shareholders, but for one thing. Kors stock is expensive. Secondly, fashion is fashion, what's in this year can be out next year, that could just as easily happen to any fashion brand.

    What I look for in a company is a track record of success. Coach, has proven itself by posting high returns on capital and many years of consistency.

    Just because Coach has a bad year, or even a couple of bad years, means nothing. That's business, nobody bats 1000, and it's naive to have such expectations.

    What I will be looking for over the next few years is how coach handles itself during these challenging times. If it's honest, and forthright with investors and deals with its problems intelligently then that's all I can ask for as an investor. And I will continue to buy the stock as the monad morning quarterbacks drive the stock down in price.

    Unlike the poster, I AM an investor in COH stock, and will continue to buy the stock if I see the company behaving in an honest, forthright and intelligent manner.
    Aug 17, 2014. 07:36 PM | 7 Likes Like |Link to Comment
  • Cisco: This Could Be An Opportunity [View article]
    Good article and spot on. I already own Cisco and Apple. Needless to say, will be averaging down if it goes down below my cost price.
    Aug 15, 2014. 12:41 AM | Likes Like |Link to Comment
  • Why Apple Won't Build A Cheap iPhone... And Why It Should [View article]
    Let me ask you this, despite the Chinese Communist Party ruling that members of the CCP cannot use the iPhone (because they believe that the NSA is listening in on their conversations - which I beleive by the way). If you were an average Chinese citizen, you have two options. The first is to buy an iPhone spied on by the NSA or a local Chinese phone spied on by the PLA (i.e. the People's liberation Army aka The Chinese Communist Party).

    Who do you think is more of a threat to an ordinary Chinese citizen wishing to freely express their views, and using the iPhone as a platform for connecting with other Chinese citizens?

    In fact, I would argue that its in the interests of the average ordinary Chinese citizen to buy an iPhone because the NSA poses no possible threat to their activities, where-as a locally made smartphone is more than likely being monitored by the PLA.

    In the end all people want is the ability to communicate without their governments snooping into their private conversations.
    Aug 14, 2014. 01:08 PM | Likes Like |Link to Comment
  • Why Apple Won't Build A Cheap iPhone... And Why It Should [View article]
    Well, I totally disagree with poster's thesis.

    In fact, Samsung, which has pursued the strategy of maximizing market share at the expense of profitability, has already proven that this is the wrong way to go about things.

    Samsung produces a pretty good phone. But my understanding is, despite having the biggest market-share its struggling economically.

    By the same token, Apple has proven that its business model is far superior. Not only for its shareholders, but also for its customers.

    Healthy, profits are essential to produce a good product and a vibrant company. Apple has rightly understood that its customers are prepared to pay up for the best possible product.

    Let some other company service the low end of the market.

    All I care about as a customer is that they (Apple) create a worry free product. If cheapness was more important I'd buy a Samsung.
    Aug 12, 2014. 01:43 PM | 7 Likes Like |Link to Comment
  • Please Stop Using Ex-Cash P/E When Evaluating Apple [View article]
    I can't believe somebody would write a response like this one. If you believe there is no value in the article why would you bother reading it? Moreover, if its such a waste of your time why bother even responding to it?
    Aug 5, 2014. 11:22 AM | 6 Likes Like |Link to Comment
  • Please Stop Using Ex-Cash P/E When Evaluating Apple [View article]
    Excellent article. I really enjoy reading well thought out articulate articles like this one. Unlike some posters, I am interested in understanding a more nuanced view of security analysis.
    Aug 5, 2014. 11:20 AM | 1 Like Like |Link to Comment
  • Coach: Why I'm Staying Bullish On Shares Of This Luxury Retailer [View article]
    Hardly. I think you have to look at the broad sweep of its management experience. The company has produced phenomenal results in every conceivable metric consistently over the years.

    As for the blog you reference, certainly that is that person's opinion and he/she is entitled to it.

    On the other hand, just because management tries out a new strategy and it fails does not mean its "bad management". Business is risky and competitive threats arise all the time that change the dynamics of the business.

    From time to time even the greatest businesses run by geniuses are going to have bad years.

    Nothing I have seen has convinced me to sell my COH shares. In these situations I like to buy more to average my cost down.
    Aug 4, 2014. 10:21 PM | Likes Like |Link to Comment
  • Coach: Why I'm Staying Bullish On Shares Of This Luxury Retailer [View article]
    Your wrong about that. KORS makes a very healthy profit and has excellent returns on capital.
    Aug 4, 2014. 09:44 AM | 1 Like Like |Link to Comment