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Snoopy1

Snoopy1
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  • Apple: Don't Lose That Magic [View article]
    I agree camus111. remurraymd really bothers me - always bragging about what they supposedly did using 20/20 hindsight and parroting sell-side price targets and technical analyst views rather than say anything of actual value.
    Jul 25, 2012. 08:42 PM | 2 Likes Like |Link to Comment
  • Sell-side reports pour in on Apple (AAPL -4.9%): most defend the company, and suggest investors look ahead to the next-gen iPhone and iPad Mini. William Blair notes Apple trades at just 9x its FY13 EPS estimate (exc. cash). Sterne Agee maintains a $780 PT, but is worried the new iPad's retina display is affecting margins. JMP, which maintains a rare Neutral rating, thinks "compelling Android alternatives" are as much of a problem as next-gen iPhone anticipation. (more) (transcript)  [View news story]
    kmi, if you want to sound credible, please don't make up numbers like your sub-$100 tablets.

    Most of the Kindle is manufactured in China and Amazon doesn't make money on the actual product. So tell me how some other company can sell a Kindle-like Android product at half of Amazon's cost?
    Jul 25, 2012. 07:59 PM | 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]
    So you think AAPL is worth less than 10x 2013 ex-cash?
    Jul 24, 2012. 11:11 PM | Likes Like |Link to Comment
  • Buy Visa Now For A 37% Upside [View article]
    I largely agree with ChuckXX - the author's 22x forward P/E target is way too aggressive.

    Yes, Visa is a quality company with a strong moat, but I use a more realistic 17.5x forward P/E for my target. Cal2013 EPS of $7.25 gives a 6-month value of $127 or just slightly above the current $126. Sure, V could reach a 20x P/E but I sure wouldn't base my buy prices on this possibility.

    I would wait to buy under $115, although it looks like the trendline suggests support closer to $118-120.
    Jul 21, 2012. 12:10 AM | Likes Like |Link to Comment
  • Cramer's Lightning Round - I Still Like Lululemon (7/10/12) [View article]
    Wow, Cramer's suggestion to buy deep ITM calls on CMG just lost a fortune.

    Anyone who listens to this charlatan deserves to lose money.
    Jul 20, 2012. 03:59 PM | Likes Like |Link to Comment
  • Buy Herbalife, Avon Over Procter & Gamble [View article]
    Since you are so bearish on HLF - why do you think Einhorn hasn't said whether he is short nor has he advanced a bearish thesis?
    Jul 19, 2012. 07:20 PM | Likes Like |Link to Comment
  • Buy Herbalife, Avon Over Procter & Gamble [View article]
    I'm suspicious that Einhorn has anything on HLF given he repeatedly fails to make a case against it or even disclose his position.

    If he was short, why would he not tell people? That would drag the stock down and he could then move to the next investment. I'm pretty sure Einhorn has always been forthcoming regarding his shorts.

    I own HLF and also recently bought Nov 47.50/60 call spreads.
    Jul 19, 2012. 01:17 PM | Likes Like |Link to Comment
  • Building A Portfolio, One Wish-List Stock At A Time [View article]
    Agree - I would suggest just 12-20 stocks over 5-6 industries with the heaviest weights in those with the best projected risk-adjusted returns.

    Any more and you risk practicing "diworsification" - why put money in your 20th best idea?

    My individual stock portfolio is 24 stock with 2/3 of funds in the top 10 positions with no stock more than 15% weighting and the small 1-2% sized positions are "watchlist" stocks.
    Jul 16, 2012. 07:13 PM | 1 Like Like |Link to Comment
  • Why Goldman Sachs Is Worth $200 A Share [View article]
    I agree.

    The author using a target 2x BV destroys his credibility as GS traded at those levels only during a capital markets bubble with massive leverage and a different business model (significant proprietary trading).

    On a normalized basis (moderate leverage and decent capital mkts), GS should be able to produce 12%+ return on tangible BV so 1x tBV seems very reasonable (currently $124/share). Obviously, this may be conservative as shown by the fact Buffett never unloaded his GS $115 warrants even above $150 last year so he probably thinks a normalized return on tBV is materially higher than 12%.

    This is a "time horizon arbitrage" - it may take a while to reach fair value due to a lack of catalysts, but the discount seems to justify buying a starter position and averaging down.
    Jul 14, 2012. 05:02 PM | 1 Like Like |Link to Comment
  • Part of the $7.25B settlement that merchants reached with credit-card networks and card issuers means that merchants can charge a higher rate (as a "checkout fee") for consumers using a card for payment. After hours: V +1.7%; MA +1%. (Statement from MasterCard)  [View news story]
    Do you know what the investor expectations were for a settlement? I know V just stated that there will be no impact to guidance so I assume it was better than expected.
    Jul 14, 2012. 12:44 PM | Likes Like |Link to Comment
  • Activist Bill Ackman's New Target [View article]
    He could always buy options like he did with his one stock fund that owned TGT. That fund was a disaster.
    Jul 14, 2012. 12:06 AM | Likes Like |Link to Comment
  • Part of the $7.25B settlement that merchants reached with credit-card networks and card issuers means that merchants can charge a higher rate (as a "checkout fee") for consumers using a card for payment. After hours: V +1.7%; MA +1%. (Statement from MasterCard)  [View news story]
    Why are V and MA up in the aftermarket if there may be a reduction in swipe fees?
    Jul 13, 2012. 09:18 PM | Likes Like |Link to Comment
  • Part of the $7.25B settlement that merchants reached with credit-card networks and card issuers means that merchants can charge a higher rate (as a "checkout fee") for consumers using a card for payment. After hours: V +1.7%; MA +1%. (Statement from MasterCard)  [View news story]
    That's my point. I pay off my credit cards every month so I pay no interest but gain airline miles. With credit cards, I don't need to keep track of my checking account balance and I just pay my credit card bill from my brokerage account where I earn interest.

    To me, paying by debit card implies that one lacks discipline as there is no reason to use them otherwise. Am I missing some other benefit of debit?
    Jul 13, 2012. 08:50 PM | Likes Like |Link to Comment
  • Part of the $7.25B settlement that merchants reached with credit-card networks and card issuers means that merchants can charge a higher rate (as a "checkout fee") for consumers using a card for payment. After hours: V +1.7%; MA +1%. (Statement from MasterCard)  [View news story]
    Why do you use a debit card rather than a credit card? Nobody has ever been able to explain the benefit of debit cards, unless you lack spending discipline.

    If you pay off your credit card each month, there is no reason to use your debit card and using credit cards may give you airline miles etc.
    Jul 13, 2012. 08:20 PM | Likes Like |Link to Comment
  • The Traders Did It! [View article]
    Ooops, I meant who is still against regulation - republicans.
    Jul 13, 2012. 02:13 AM | 4 Likes Like |Link to Comment
COMMENTS STATS
1,120 Comments
1,536 Likes