Seeking Alpha


Send Message
View as an RSS Feed
View i_am_seeker_2's Comments BY TICKER:
Latest  |  Highest rated
  • Update: American Airlines Q4 2014 Earnings [View article]
    CS upgraded LUV even as they downgraded AAL--

    >>08:35 AM EST, 01/28/2015 (MT Newswires) -- Airline operator Southwest Airlines Company(LUV) has been upgraded by analysts at Credit Suisse to an outperform rating from neutral.

    The firm also boosted its price target on the stock to $62 from $48 a share, which represents a potential upside of 35% from its Tuesday closing price.

    In Wednesday's pre-market activity, shares of LUV were up 2.4% to $46.97, moving within a 52-week trading range of $20.22 - $46.41.<<

    Funny to downgrade AAL on valuation when it is far far cheaper than the upgraded LUV.

    AAL getting hit again today--5% yesterday, 2.5% so far this afternoon. The market getting hit again, despite the Fed holding pat with their "patience."
    Jan 28, 2015. 02:36 PM | 1 Like Like |Link to Comment
  • Do You Believe Me Now? [View article]
    AAPL, EA and BA are all up 5-6% on the day so far.

    YHOO is a different beast altogether.

    Mr. Market is waiting for the Fed to talk later this afternoon before deciding on an overall direction.
    Jan 28, 2015. 11:39 AM | Likes Like |Link to Comment
  • Could Samsung Be Setting Up To Hurt Micron? [View article]
    He keeps writing pretty much the same article over and over again. Pretty amusing, really. Maybe he is a high school kid trying to get some loose change? Or maybe in college? Ingenious, if so. SA keeps publishing him, lol.
    Jan 27, 2015. 10:54 PM | 2 Likes Like |Link to Comment
  • Intel: A One-Stop Shopping Center For Apple [View article]
    CUPERTINO, Calif.--(BUSINESS WIRE)-- Apple® today announced financial results for its fiscal 2015 first quarter ended December 27, 2014. The Company posted record quarterly revenue of $74.6 billion and record quarterly net profit of $18 billion, or $3.06 per diluted share. These results compare to revenue of $57.6 billion and net profit of $13.1 billion, or $2.07 per diluted share, in the year-ago quarter. Gross margin was 39.9 percent compared to 37.9 percent in the year-ago quarter. International sales accounted for 65 percent of the quarter’s revenue.

    The results were fueled by all-time record revenue from iPhone® and Mac® sales as well as record performance of the App Store℠. iPhone unit sales of 74.5 million also set a new record.

    “We’d like to thank our customers for an incredible quarter, which saw demand for Apple(AAPL) products soar to an all-time high,” said Tim Cook, Apple’s CEO. “Our revenue grew 30 percent over last year to $74.6 billion, and the execution by our teams to achieve these results was simply phenomenal.”

    “Our exceptional results produced EPS growth of 48 percent over last year, and $33.7 billion in operating cash flow during the quarter, an all-time record,” said Luca Maestri, Apple’s CFO. “We spent over $8 billion on our capital return program, bringing total returns to investors to almost $103 billion, over $57 billion of which occurred in just the last 12 months.”

    Apple (AAPL) is providing the following guidance for its fiscal 2015 second quarter:

    • revenue between $52 billion and $55 billion

    • gross margin between 38.5 percent and 39.5 percent

    • operating expenses between $5.4 billion and $5.5 billion

    • other income/(expense) of $350 million

    • tax rate of 26.3 percent

    Apple’s board of directors has declared a cash dividend of $.47 per share of the Company’s common stock. The dividend is payable on February 12, 2015, to shareholders of record as of the close of business on February 9, 2015.

    Apple (AAPL) will provide live streaming of its Q1 2015 financial results conference call beginning at 2:00 p.m. PST on January 27, 2015 at This webcast will also be available for replay for approximately two weeks thereafter.
    Jan 27, 2015. 04:35 PM | Likes Like |Link to Comment
  • Update: American Airlines Beats On Earnings, Expects To Save $5 Billion From Low Oil Prices In 2015 [View article]
    I didn't hear anything fundamentally that would justify a 5% haircut.

    I think it is external factors, like the ones I cited above (the POO and short term traders). Perhaps some profit takers who had planned all along to sell in reaction to earnings. And perhaps some people who think that the economy is headed down the tubes, although if that is true then demand for oil would remain down and probably go even lower, which would lower AAL's costs even more, although it would clearly also lower their revenue.

    Pisses me off because in addition to stock I have some 53 strike calls that will expire on Friday and they got killed, turning a small but decent profit into a loss. Well, that is what happens all too frequently with short term call buying like that.

    It would be a good day for AAL to be spending some of the $2b!
    Jan 27, 2015. 03:53 PM | Likes Like |Link to Comment
  • American Airlines earnings call: $5B in fuel savings on the way [View news story]
    Yes, you're right about the everyone traveling with you thing, I forgot about that. Good point.
    Jan 27, 2015. 02:22 PM | Likes Like |Link to Comment
  • American Airlines earnings call: $5B in fuel savings on the way [View news story]
    Get the AAdvantage credit card. You will get a lot of miles (40k or so), preference in boarding, a $50 credit on your first charge, and get one checked bag free. Also 25% off of anything charged on your flight.

    Pretty good deal, for the first year at any rate. After that, I think it costs something like $90. I'll probably drop it before then.
    Jan 27, 2015. 01:35 PM | Likes Like |Link to Comment
  • Update: American Airlines Beats On Earnings, Expects To Save $5 Billion From Low Oil Prices In 2015 [View article]
    re: debt
    Yeah, Parker said in the Q&A I think it was that they had paid down as much debt as they could, and would pay some more in the coming year. I gather there must be pre-payment penalties or something. They have also fully funded their pension plan at this point and won't have to make any more payments into the plan until 2019.

    IMO, the fall in stock price today is the result of two things (other than the obvious sharp overall market drop):
    1. extremely high expectations pulled in very short term money for a quick trade, and now they are dumping as quickly as they came in, and pulling other weak hands out at the same time;
    2. generally somewhat higher oil prices leading to higher prices of O&G stocks and expectations/hopes that oil has found a bottom. I don't know why people believe that today, but it appears from the stock prices of the oil patch companies that I follow (many of them are up between 2 and 7 percent) that they do. And if that hope turns out to be accurate, then the windfall in fuel prices that AAL expects will be muted and short lived at best.

    IMHO, we aren't seeing a bottom in oil prices, or if we are, it won't be a V curve up, it will be a very very gradual U curve. That said, predicting oil prices a year out is rather like predicting the weather a year out. Which is to say, impossible.
    Jan 27, 2015. 01:15 PM | Likes Like |Link to Comment
  • American Airlines earnings call: $5B in fuel savings on the way [View news story]
    Yeah, I see why they are selling off now. PE of 4 or 5 is a little rich for an airline (<ng> ).
    Jan 27, 2015. 12:56 PM | Likes Like |Link to Comment
  • Slow Train Comin' - Micron, Intel And 3D NAND [View article]
    Well, RSA, I'm sure that a clever and resourceful guy like you would have found something to do with your time that would have made you some money!

    However, human nature being what it is, you don't have to worry about running out of work.
    Jan 27, 2015. 12:19 PM | Likes Like |Link to Comment
  • American Airlines beats by $0.01, misses on revenue [View news story]
    If the author of this piece had actually bothered to read the press release, he would have seen this line:
    >>Total revenue in the fourth quarter was a record $10.2 billion<<

    SA ought to change the headline and the text.

    AAL probably shares a part of the blame, as they didn't put the revenue number in the first couple of paragraphs of their PR. They should know that many people don't bother to read more than that.
    Jan 27, 2015. 09:04 AM | 1 Like Like |Link to Comment
  • American Airlines beats by $0.01, misses on revenue [View news story]
    I don't understand what you are saying here. Their revenue was $10.2b, not 10.16b.
    Jan 27, 2015. 07:56 AM | 2 Likes Like |Link to Comment
  • Oil Supply Accelerating - Saudi Arabia Delivering On Its Promise? [View article]
    ISIL and Al Qaeda are Sunni groups and are most definitely NOT allied with Shia Iran. They are mortal enemies.

    And Iran is most definitely NOT "two months away from making a nuclear bomb".
    Jan 27, 2015. 06:27 AM | 9 Likes Like |Link to Comment
  • Report: IBM planning massive layoffs; +1.2% premarket [View news story]
    Well, it would be nice if SA editors did that kind of minimal amount of checking their sources before printing these kinds of rumors. Or maybe they could say "rumor" instead of "report." There is a difference, although Wall Street doesn't appear to make much of a distinction between them.

    Cringely/Stephens appears to be a real piece of work.
    Jan 26, 2015. 09:04 AM | 6 Likes Like |Link to Comment
  • Slow Train Comin' - Micron, Intel And 3D NAND [View article]
    As Jaret says, the employees are not supposed to use their knowledge of secrets from the original company. I find it hard to believe that that can truly be enforced at all times though.

    The opposite also occurs. There is a lawsuit that has been floating around Silly Valley for awhile now that accuses Adobe, Apple, HP and someone else I forget who offhand (Cisco?) of agreeing to not hire each others' employees. The only question at this point is damages due to the employees. The judge in the case rejected the first settlement offer.
    Jan 26, 2015. 06:03 AM | 1 Like Like |Link to Comment