People will wake up and realize the JV is creating a great brand "Dazen". It is beating Huawei on every fronts, and could be another Xiaomi-like success.
WUBA last Q peak was $53.5ish and now recovered to $46ish, with yoy earnings decrease and guided for more decrease to come; while YY last Q peak was $96 and now under $80, with earnings grew 87% yoy and guiding for further growth. Same recovery in price as WUBA did should put YY above $83. I was amazed how people tolerated WUBA's guide-down while punish YY for mentioning competitions in game broadcasting.
new to this board: I wonder whether the company followed through with that Nov 2013 announcement of management buyback. Also, has the company done any buyback?
someone must know better than rest of us...
Anyone has any idea how to check if some key funds like icahn sell? any volume or price indications?
I am puzzled why people are so bullish about AMZN. Is the company a winner in retail? probably yes especially when they have the advantages of not paying sales taxes. Will AMZN stock make new investors rich? most likely not. Why? because the money the company made went all (and more) to the pockets of management and key employees. Just looked at their recent 10Q: they generated $3B cash from operations in last 12 months. They spent $1.9B in capex. They spent $1.2B in stock buybacks (bought back 5.3 million shares alone in Q1 2012). You would think their share counts would decrease after the buyback, right? Check again, total shares outstanding increased from 451M in Q1/2011 to 453M in Q1/2012! Now one got the full picture: Net net, the company made some money, those money went all to management and key employees, plus they increased share counts by 2 million for the past year! Sad for average investors, especially long term shareholders, they'll get nothing eventually!
i am amazed to see all the comments about hedge funds holding this name up. Go look at the top holders list, they are all mutual funds, those are the people who have lots of cash on hands and who don't care about performance or absolute return. Hedge fund managers, like David E, who felt AMZN a puzzle, are not top holders as they care about valuation and absolute return. Some day when AMZN is down, I can bet the bag holders will be mutual funds and their unsuspected average investors who placed their trust in those mutual fund managers.
I agree that CPWR is an undervalued company that
has turned to an upward trend.
is a stock report from http://www.ehomesweet.com.
The site has many investment tools too(asset
allocation, stock valuation, market volatility watch, stock
Analyst: John Chiu, Sept. 10,
Consistent earning growth. CPWR is one of the fast growing
software company with high profit margin. Its EPS growth
rate was 4% higher than industry average in the last
five years, and about 3% higher than the industry
averages in the most recent year. The company's core
software license and maintenance gross profit margin (93%)
compares favorably with other major players (MSFT 88%,
BMCS 91%, CA 95%, IBM 83%). Its service business is
growing 36% mrq, much higher than IBM (14%), CSC (16%),
or EDS(10%), because of acquisitions. However, the
gross margin of service (14%) is low compared to other
players IBM (28%), CSC (21%), or EDS(18%). This is
understandable because they are building this business. CPWR's
net profit margin is trending up in recent years, at
24% for mrq. With the anticipated faster growth in
lower margin service business, the net margin is
expected to decrease slightly over
Account receivable is too high. Currently, it is
approaching 140 days of sales, if the receivable in the
non-current account is included. It is much longer than the
typical 35 days of MSFT or BMCS. Among major software
companies, only CA's days sales outstanding is higher than
CPWR's. This raises some doubts about CPWR's quality of
earning, and the strength of its products market power. It
is probably not a big issue as long as the economy
is going strong and account receivable is not
becoming non-receivable. However, if it is due to
management's manupulation of earnings, the stock could tank
The recent stock price weakness also arises from
concerns of slowing growth of core software license in
Europe. However, the company's expected growth rate of
32% is much higher than CA (17%), ORCL (24%), MSFT
(25%), and BMCS (27%). Suppose instead the company is
going to grow only 27% for 8 years, using current FY
EPS=1.21 and a required return of 10%, our StockCal gives
a current intrinsic value of $49.7 per share. With
current stock price at $30.5, a buyer is paying 61 cents
for the dollar, or with a margin of safety of 39%.
The assumed 8 years of growth is shorter than the
implied years of growth for MSFT (11.1 years) or ORCL (10
Risk and Performance Profile
experienced a large daily price drop (-22.9%), the largest
drop in three years. In the last two years, the
highest daily gain is 16.8%. Even with this big one day
drop, however, the annualized return volatility ratio
in the last three month is 0.94, considerably higher
than its lifetime average of 0.57. Technically
speaking, the stock has gain upward
For sellers of CPWR in the last year, the next day
price high of CPWR can be 6.6% higher than previous day
close with 10% chance. The maximum number of
consecutive up days is seven days with an average of 2.2
days. For buyers of CPWR in the last year, the next day
price low can be 7.3% lower than previous day close
with 14% chance during the last year. The maximum
number of consecutive down days is six days with an
average of 1.9 days. For the most recent three month
data, please refer to our stock report cards.
Wadudem, your reply is very well done. There is
some disconnect about the number of shares, however.
In yahoo profile, it shows 23.4M. In one of the
research note posted earlier, it is 27.3M. In the
companies quarter report, it is 35.7M. The price/sales
ratio would be 1.2. Still attactive for a company
growing >100% sales profitably.
the Net2phone IPO: currently, the price/sale ratio of
Internet companies is 37. suppose N2P IPO at this price,
it would worth 37*13=$481M. Own 66% of N2P means
IDTC has $317M worth of Internet business, or $8.9 a
share (317/35.7). The non Internet business thus worths
only $12 a share, a price to sale ratio of 0.73.
(12*35.7/590). Compare this to any other phone company! Also
compare the growth rate to other phone company.
With this analysis, I think IDTC is a value play at
Dell missed REV concensus last quarter, like IBM
did in the December qtr. IBM decreased from 190 to
170. Then, IBM came out with a +REV surprises for the
March Qtr. The stock went from 170 to 219 then to 240.
Can Dell deliver us a positive REV surprise? Let's
wait and see!
Personally, I value DELL at $52 a
share. I won't sell now.