Send Message
View as an RSS Feed
  • Annaly Capital: The Old Squeeze Play Could Hurt This Stock  [View article]
    Long term spread is .95 %. We're a long way from that.
    Dec 20, 2014. 10:34 PM | Likes Like |Link to Comment
  • Aviat Networks: Say No To Lone Star Proxy, Yes To Industry Consolidation  [View article]
    Interesting article, but you shouldn't be comparing them to other buggy-whip companies. Compare them to companies like Ubiquiti, Ruckus and Aruba and a completely different picture emerges. This is where the puck is. Others skated there long ago.
    Nov 22, 2014. 06:02 PM | 1 Like Like |Link to Comment
  • Update: Sprint Q2 2014 Earnings  [View article]
    Sorry you don't like my analysis, but facts are facts. First, of course you can and must include monthly phone costs because my current plan gives me a new phone every other year. That is apples-to-apples. What is your thinking? There are no interest charges, so it is truly a fair comparison.

    I'll leave your second point alone, assuming you're just angry for some reason.

    Third, that is exactly correct. I do refer to Son as a financier. Prove me wrong.
    Nov 7, 2014. 07:01 PM | Likes Like |Link to Comment
  • Update: Sprint Q2 2014 Earnings  [View article]
    So here's the thing I don't get. Sprints new pricing is all posture. There has been no meaningful price concession that I can tell. Customer service has sharply dropped off since Hesse left, but that's about it.

    I went into the store a week after they announced new pricing. Did an analysis of my 4 person family plan circa 2011 vs. the new and improved framily doo-hickey. When you took the new pricing and added in the financing of 4 new phones the price was...wait for it...


    CS agent agreed that was indeed the case, but pointed out that I was getting an extra discount (for being a credit union member) that I would no longer get. Subtracting that out still didn't make the new pricing lower. So this is all marketing BS. The reason they're losing customers is because they're not taking care of their customers - plain and simple.

    Anyone who doesn't believe me I challenge to go to your local Sprint store and see if you're really getting a better deal.

    Oh, and lest I forget, I was also offered a 20G per month of data sweetener. Of course my family of 4 geeks uses about 3G of data combined each month, so the initial 10 was plenty, thank you very much.

    I simply do not believe that Sprint has a pricing issue. They have the same issue they had in the late 00's.

    Sprint's opportunity was to capitalize on the trove of spectrum they picked up from Clearwire by rapidly building out infrastructure, and they have not even tried. Now, that spectrum is becoming less valuable as customers shift their connectivity plans to WiFi.

    The Softbank thing, which looked good at the time because it was seen as a financing deal to build out infrastructure, turned into a Napoleonic crusade executed by a financier who just doesn't seem to get the market.

    Oh well.
    Nov 7, 2014. 04:43 PM | 1 Like Like |Link to Comment
  • Sprint May Be A Great Buy At Current Evaluations  [View article]
    "substantial inroads into Verizon and AT&T's marketshare" Not gonna happen. Add up the plan, the fees, the equipment rental and the taxes, and you'll see that the plans are even more than they were before. Today, the gap between T and VZN, and S and TMob is much narrower than a year ago.
    Sep 9, 2014. 06:12 PM | Likes Like |Link to Comment
  • Sprint May Be A Great Buy At Current Evaluations  [View article]
    Same experience. All the time.
    Sep 9, 2014. 06:08 PM | Likes Like |Link to Comment
  • Sprint May Be A Great Buy At Current Evaluations  [View article]
    Well, I'm in San Jose, and though it's not gotten worse, it's consistently awful. Now they have all these new plans and when you do the math, you're paying more.


    1) I reject the argument that they're going to lose even more in the short term
    2) I'm going longer on the stock
    3) I'm a also quitting, but for TMobile who has better coverage in San Jose
    4) I'm going to track this one carefully, because the day will come when investors say "What happened to all the subs"?, and then the jig will be up.
    Sep 9, 2014. 06:06 PM | Likes Like |Link to Comment
  • The Real Reason For The Housing Bubble And The Financial Crisis - Investment Implications  [View article]
    It's funny - bad actors like Countrywide can be broadstroked, but just a few years earlier Firstplus Financial did the same thing, and the regulatory agencies learned nothing. So while greed certainly played a key role, the political environment was the incubator for the criminality. And so it goes...round and round...
    Sep 2, 2014. 09:18 PM | 2 Likes Like |Link to Comment
  • Sprint Needs T-Mobile Rather Soon  [View article]
    Also, Framily is like life insurance. You need to bring new customers to the party to get any sort of discount at all - something that's very disingenuous. Not only is it not going to attract subs, but it's going to leave existing subs very leery of the company overall. Maybe a Son idea, but clearly, a bad one.
    May 28, 2014. 11:18 AM | Likes Like |Link to Comment
  • Avoid Annaly Capital  [View article]
    Yes! Great philosophy. I would only add that intra-sector diversification can't hurt.
    May 8, 2014. 12:02 PM | Likes Like |Link to Comment
  • Avoid Annaly Capital  [View article]
    Thanks for posting that article. I'd never looked at CYS, but "largest discount to book in the industry" and "management mentioned the chance of ..." are good things???

    Sorry, but I'll avoid that one and eat crow if you're right. Too speculative for this piece of my portfolio.
    May 8, 2014. 12:00 PM | 1 Like Like |Link to Comment
  • Avoid Annaly Capital  [View article]
    Hear Hear! The jury is indeed still out. If this is really just a prepayment blip, I'd be surprised. I think they mishandled the hedging. I think that Mike's vision was sharper into the markets and maybe current managers are being a tad more speculative.
    May 8, 2014. 11:55 AM | 1 Like Like |Link to Comment
  • Avoid Annaly Capital  [View article]
    I bought some at $18! While I wish I had a crystal ball, I have no regrets at all!
    May 8, 2014. 11:51 AM | 1 Like Like |Link to Comment
  • Avoid Annaly Capital  [View article]
    On investors fleeing, I don't think so. I think it's clear that MREITs are the best income generators and Annaly is conservatively positioned and pays a relatively huge dividend. When Mike died and management tried to hide their compensation from investors, I split my MREIT portfolio between AGNC and NLY, and feel that was a wise diversification.

    This is not a good earnings report and I still worry about Welly's ability to execute, but there is nothing in this report that has me interested in remixing yet. LT, NLY has been a stellar performer.
    May 8, 2014. 11:48 AM | 1 Like Like |Link to Comment
  • U.S. mobile roundup: AT&T/T-Mobile cuts, Verizon strategy, SoftBank  [View news story]
    And I just exited my Sprint position. Pleased about Saw but little else. Framily is going to annoy more subs than it attracts and despite all the new money, rollout is not happening fast enough. I fear the opportunity to leverage all that great spectrum is past.

    Still a sub, but may soon move to TMob. Also might go prepaid. It just irks me that they haven't capitalized on this Softbank thing. VZN is pulling ahead even faster.
    Mar 10, 2014. 05:00 PM | Likes Like |Link to Comment