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JPV

JPV
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  • The Bear Case And The Bull Case For Apple: Which Is More Convincing? [View article]
    Very good summary of both the Bull and the Bear case for AAPL.
    I would mention here that Steve Jobs was not only an Innovator leading the company to produce extraordinary products.
    He was also a very able and hard negotiator because many deals he made also enhanced his products. I think that the innovation is still there as there is a team of able managers around Tim Cook.
    I have no idea how good Tim Cook is when a key deal has to be negotiated. Hopefully we will see that after the launch of iRadio and iTV.
    Jul 15 11:55 AM | Likes Like |Link to Comment
  • A Different Perspective On Intel's Bay Trail [View article]
    Investing in microprocessors is always high risk because Capex and R&D runs high, product cycles are short and there is a lot of competition.
    The rewards for investing in this sector are not at all given and the definition of risk is the chance of losing money in the longer term because volatility is only a part of the risk short term.
    If you want to invest some money in this sector the best bet to make is probably to go with the strongest company that has an excellent historic record to show. I think that INTC is the safest high risk bet in this sector if one can buy at interesting prices. I would however keep my position rather low.
    Technical advantages are interesting but they are usually short lived.
    Jul 15 11:14 AM | Likes Like |Link to Comment
  • Should You Invest In Teva Pharmaceutical? [View article]
    As an investor I believe it is important to try to avoid mistakes in evaluating a companies long term competitiveness and value.
    TEVA has been one of the mistakes that I was not able to avoid.
    The generic business has been overestimated in terms of potential and competition. Major drug companies are competing effectively with branded generics. The MS therapeutic area is getting very competitive with many entrants and oral competitive alternatives.
    I also find TEVA not so transparant because the share is an ADR and the GAAP and Non GAAP statements divergences.
    After holding the share for quite some years I sold them and took the loss. Its the cost of recognising and admitting your mistake.
    Yes there is the new CEO who is going to restructure the company.
    Restructuring is however a bad sign for any-one considering a stock investment.I can only warn people that they should be very careful before committing to a company such as TEVA.
    Jul 4 05:04 AM | Likes Like |Link to Comment
  • 3M, A Dividend Aristocrat [View article]
    I think that the 3 companies are quite different conglomerates that are difficult to compare. According to my analysis HON is the one that is currently undervalued as I have 86.6 as fair value estimate.
    MMM I think is fairly valued at the moment and cannot be purchased with any margin of safety.(My estimated FV is 113.0).
    GE is hard to value because of it huge financial sector that makes it a mix between a conglomerate and a bank.
    Both MMM and HON are short term impacted by the economic growth expectations but will do well when growth continuous to pick up. Long term both companies will be good holdings in a defensive portfolio when they can be added with a reasonable margin of safety which you not seem to pay sufficient attention too.
    Jul 4 04:22 AM | Likes Like |Link to Comment
  • Baxter International: Favorable Risk/Reward Profile [View article]
    I like your analysis on BAX and I am myself long on the stock.
    My average cost is 40.8 which gives me a yield on cost of about 5%.
    Your analysis confirms that I am very comfortable to stay long in this nice company.
    Jul 3 12:44 PM | Likes Like |Link to Comment
  • Abbott Laboratories: Undervalued Potential [View article]
    All this data seems to be before the split off of ABBV.
    Even the dividend of 3.4% was for the combined company.
    ABT currently has a much lower dividend and it is very difficult to figure out how the split will work out based upon one Qtr. results as a split company.
    I do agree that the current ABT has an excellent diversified product range and as such carries less risk than ABBV who's success will be dependant very much on successful & expensive research.
    I sold ABT before the split and bought back the remaining ABT as I did not want to hold ABBV before the split, but I do realise that good visibility on the remaining ABT will require some time.
    May 23 12:18 PM | 1 Like Like |Link to Comment
  • A Sane Response To Some Of Apple's Insane Criticisms [View article]
    Nice, make sense article on what is an incredible company.
    May 10 01:57 PM | 1 Like Like |Link to Comment
  • Ranking The Russell 1000 Stocks By Debt And Growth [View article]
    Thank you for this article which shows an interesting approach as well as 20 interesting companies.
    The article supports that stock performance correlates with key fundamentals, in this case the thresholds set for your screening criteria. I was also impressed by the fact that these very low debt stocks had in general very good earnings growth as well as sales growth. All signs that each of these companies are competitive and independent financially.
    May 10 01:29 PM | Likes Like |Link to Comment
  • The Problems With Ackman's Thesis On Procter & Gamble [View article]
    PG is a company with great products and a lot of potential.
    That it has not been doing so well during the last decade is clearly due to the board, the CEO and his executive team.
    Fortunately there are some shareholders that keep poking and it is good that that happens because the board is since long asleep.
    May 10 01:01 PM | Likes Like |Link to Comment
  • Apple: There And Back Again [View article]
    Clear article that explains the business of Apple better that ever before. The forward looking statements are however questionable because the article does not address the increased level of competition Apple has to deal with. If iOS 7 is so good that it provides clear superiority by leading and innovating again the article's hope may come true. I personally think that it will need the next disruptive thing to give the shares a real boost.
    I agree that AAPL offers good value and I am long on APPL.
    Apr 29 02:19 PM | Likes Like |Link to Comment
  • Apple: How To Admit You're Out Of Ideas [View article]
    A company that has too much cash ( more than they need to adequately invest in the company) should return it to investors.
    AAPL is in the fortunate position to have more cash than it needs to run the company and the move to return some of that cash to shareholders in the form of dividends and share buy backs is a wise decision.
    There is nothing wrong with borrowing money at a lower rate if you have similar amounts of money earning more interest somewhere else.
    The book value argument makes no sense either because in the case of apple the book value is mainly intangible but nevertheless these intangibles are very valuable. Apple is today one of the best brands one can buy.
    The fundamentals of the company are as strong as you can get them!
    Apr 24 01:21 PM | Likes Like |Link to Comment
  • Sell Johnson & Johnson As It Is Over Extended [View article]
    Given your comments it seems that you guess that JNJ is too pricy.
    I think it is the opposite and think its fair value is around 83 and could go higher. My valuation is mainly based upon historical P/E values.
    Mar 15 12:58 PM | 1 Like Like |Link to Comment
  • The Most Overvalued Stocks Versus The Most Undervalued Stocks - Part I [View article]
    Interesting way of looking at it. I like AAPL, INTC, APA and will check on CRUS.
    Mar 7 10:48 AM | Likes Like |Link to Comment
  • Apple: Time For Shock And Awe [View article]
    I completely agree with prescott and think that AAPL should focus on what they do best and that is making successful products.
    I am also convinced that the AAPL board and management has sufficient access to the best financial advise in terms of taxes and how to best use their financial resources. Financial resources are extremely important in the very competitive environment and sector they are operating in. If they become dependant on Banks they could loose the freedom of acting as they may require in the future.
    Mar 7 10:23 AM | 2 Likes Like |Link to Comment
  • Hot Stocks Of 2004: Where Are They Now? [View article]
    Never believe any hot stock list, even even it is published by a well know publication. Its part of the hype Wall Street likes to trow around.
    Even if suggestions look interesting, one should always check them against good quality criteria.
    If you do that you must not be disappointed when very few or nothing passes.
    Mar 5 02:21 PM | Likes Like |Link to Comment
COMMENTS STATS
195 Comments
200 Likes