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JPV

JPV
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  • Recent Buy: IBM [View article]
    I like your article because it is factual and explains clearly your reasons to invest in IBM, including your averaging down after the drop.
    You also provide good reasons why you believe IBM will be able to reinvent itself.
    You make in addition the important point that to change a company like IBM that deals with large and complex business enterprises with big and complex IT needs will take time and patience.
    I am not aware of any company, other than IBM, that has the moat and the know how to innovate that segment of the IT business.
    So I think your investment will probably work out well over time.
    I am of the same opinion and long on IBM.
    Jan 30, 2015. 01:06 PM | 1 Like Like |Link to Comment
  • Johnson & Johnson: Beyond The Q4 Headlines [View article]
    Thanks for the article which reminded me of what a quality company JNJ is.
    Long on JNJ and adding at rare opportunities.
    Jan 28, 2015. 05:26 PM | 1 Like Like |Link to Comment
  • Colgate-Palmolive Represents An Attractive Investment Option [View article]
    The current P/E ratio for CL is at the high of its 5 year range.
    The P/E of the Industry to which CL belongs is currently around 23.
    Are you trying to illustrate a bad Investment Trick?
    Jan 27, 2015. 06:03 AM | 3 Likes Like |Link to Comment
  • Novo Nordisk - Curing The World One Dose At A Time [View article]
    Very comprehensive article on a succesful company that will continue to grow and be there strong 10 years from now. I look forward to read more quality articles like this one. Thank You!
    Jan 27, 2015. 05:37 AM | 2 Likes Like |Link to Comment
  • Buffett Financial Analysis Template: Coca-Cola [View article]
    The return on asset definition is correct in the Income statement table.
    In the text on the Balance sheet (15) above the table it is wrongly defined, between brackets as: (i.e. net earnings divided by revenues).
    Sorry for the late answer.
    Jan 27, 2015. 04:57 AM | Likes Like |Link to Comment
  • IBM: 2 Big Reasons For Optimism After Earnings [View article]
    IBM has to start dancing fast in a different way.
    That different way needs not only new and successful product but also a different culture and organisation.
    Today IBM has about 430K employees and sales per employee are about 230K
    while net profit per employee is about 38K!
    These are terrible numbers for a company.
    CSCO has 636K sales/employee and 106K profit/empl.
    MSFT : 923K s/e and 234K p/e.
    AAPL : 1974K s/e and 426K p/e. These data are for 2014.

    IBM has become a very inefficient organisation that has been able to show very good financial fundamentals for a long time through the share buy backs, but this will be no longer possible without a major and costly organisational overhaul.
    Jan 22, 2015. 04:56 PM | 1 Like Like |Link to Comment
  • IBM Reports On Tuesday: Let's Analyze It [View article]
    To me your scorecard looks quite favourable for IBM.
    I disagree with the conclusion that IBM does not invest in the future and in its business. IBM invest in what they know and what they believe their market will need in the future ( they spend lots on R&D ). I also am of the opinion that the innovation and development cycle for their type of enterprise value proposition takes besides capital also time. I think that IBM has quite a nice Ecosystem of Enterprise Clients that is very valuable and these clients have much more complex needs that require broad and deep solutions. The ecosystem of IBM customers and their need and interest for innovative, integrated and secure solutions is a tremendous business opportunity that few companies other than IBM will be able to successfully tackle.
    The results of the last Quarter of 2014 may be worse or better than expected but this will not change the very good scorecard you have shown for the company.
    All what is based on the short time is pure speculation.
    I am long on IBM and are happy that they care about their shareholders, pay dividends, buy back shares and have still enough money to develop the business.
    If someone has no confidence in the integrety of the management of the company, they should know very well why. I have so far no reason to get worried about that either.
    Jan 20, 2015. 05:51 AM | 6 Likes Like |Link to Comment
  • Polo Ralph Lauren Due For A Fall [View article]
    Thank you for this article and its conclusions.
    I have been watching RL for a long time as it is a quality company.
    I am glad that it is showing some weakness after an impressive period of growth.
    I concur with your conclusion that RL is currently overvalued but would see a price of 145 as a buying opportunity and not as a target.
    Jan 14, 2015. 12:04 PM | Likes Like |Link to Comment
  • Time To Speculate On IBM Again? [View article]
    If you do not calculate the yield on the price you paid for the stock it means that you do not own the stock and in that case it is indeed an illusion.
    I hope most readers on SA are looking for investment ideas rather than for trading ideas. The difference between traders and investors was well defined many years ago by BG.
    Jan 13, 2015. 05:13 AM | 1 Like Like |Link to Comment
  • Time To Speculate On IBM Again? [View article]
    You are only correct if you are of the opinion that IBM is a bad stock.
    Jan 13, 2015. 04:57 AM | Likes Like |Link to Comment
  • Buffett Financial Analysis Template: Coca-Cola [View article]
    I spotted a little error in the definition of return on assets(15) in your article: it is not net earnings divided by revenues!. Its correctly defined in the table below.
    Thanks for sharing the information and I will read the book.
    Jan 8, 2015. 04:31 PM | Likes Like |Link to Comment
  • Apple: iAd Is The Weakest Link [View article]
    GOOG and FB get most of their revenue from advertising. Without these they would not be making any money unless they start charging for their otherwise free services.
    AAPL is developing, manufacturing and distributing Hardware and software for the computer, telecommunication and digital media industry and end user markets.
    They give priority to market and advertising of their products and I think this should be their priority rather than providing a media for all sorts of product and services.
    AAPL has no need to open up its user community to the advertising industry and upset its own community by sharing their data. It would harm AAPL more than do them good.
    Dec 30, 2014. 11:58 AM | 3 Likes Like |Link to Comment
  • 3M: A Wonderful Company, But Not A Wonderful Price [View article]
    I have been looking at MMM for a long time and as you mention it seems always expensive. Today with lots of companies reaching new high's and expensive valuation ratios it seems logical and correct that 3M is wonderful and expensive.
    My buy below price is 148 and I hope that this will finally materialise in 2015.
    Lets hope it happens. Only patience will reward the investor.
    Dec 29, 2014. 01:08 PM | Likes Like |Link to Comment
  • Coach's Undervalued Stock, Prosperous Future, And How you Can Profit From It! [View article]
    Your optimism about the stock would be more credible if you would have given some strong evidence of the fact that the turnaround is getting some serious traction.
    Dec 29, 2014. 12:01 PM | 2 Likes Like |Link to Comment
  • Amgen - Not Worth Buying At Its Elevated Valuation [View article]
    I find this article not very convincing because this DRAG analysis is very subjective.
    Amgen is one of the oldest successful biotech companies and has also an interesting development pipeline which is not at all taken into account.
    I also think that it is impossible, because of the speculative nature of the pipeline value, to arrive at an accurate valuation of the company. So the DRAG based overvaluation of 10% has not very much meaning.
    My personal opinion is that Amgen is a solid company that has better earnings growth potential than the analyst community is anticipating.
    That analyst community has a short time bias and a preference for what is most in the news.
    Dec 26, 2014. 08:01 AM | 2 Likes Like |Link to Comment
COMMENTS STATS
251 Comments
299 Likes