Monday, January 11, 2021

Seth Klarman - Wikipedia

 Here is the wiki article. 

Seth Andrew Klarman (born May 21, 1957)[2][3] is an American billionaire investor, hedge fund manager, and author. He is a proponent of value investing. He is the chief executive and portfolio manager of the Baupost Group, a Boston-based private investment partnership he founded in 1982.

He closely follows the investment philosophy of Benjamin Graham and is known for buying unpopular assets while they are undervalued, seeking a margin of safety and profiting from any rise in price. Since his fund's $27 million-dollar inception to 2008, he has realized a 20% compounded return on investment. He manages $27 billion in assets.[1]

Forbes lists his personal fortune at US$1.50 billion and he is the 15th highest earning hedge fund manager in the world.[1] In 2008, he was inducted into Institutional Investor Alpha's Hedge Fund Manager Hall of Fame.[4] He has drawn numerous comparisons to fellow value investor Warren Buffett, and akin to Buffett's notation as the "Oracle of Omaha," he is known as the "Oracle of Boston."[3][5][6]


Investment philosophy[edit]

Klarman is a known proponent of value investing, and has stated that he has known he was one since junior year of college at age 25. During an interview at Harvard Business School, he stated: "It turns out that value investing is something that is in your blood. There are people who just don't have the patience and discipline to do it, and there are people who do. So it leads me to think it's genetic."[14]

When asked what drives his fund's overall investment strategy and how value investing fits into the capital markets he replied:

Firstly, Value investing is intellectually elegant. You're basically buying bargains. It also appeals because all the studies demonstrate that it works. People who chase growth, who chase high fliers, inevitably lose because they paid a premium price. They lose to the people who have more patience and more discipline. Third, it's easy to talk in the abstract, but in real life you see situations that are just plain mispriced, where an ignored, neglected, or abhorred company may be just as attractive as others in the same industry. In time, the discount will be corrected, and you will have the wind at your back as a holder of the stock.[14]


 

Sven Carlin: Intel Stock - I'm Buying For Earnings, Dividends & Buybacks

 Here is the link. 

"The single greatest edge an investor can have is a long-term orientation."


V stock: Growth Stock Analysis Tool - How To Analyze Visa Growth Stock Example

 Here is the link. 

Growth Stock Analysis Tool - How To Analyze Visa Growth Stock Example A tool that is extremely important when it comes to growth stocks analysis is the delta of the delta. We will use Visa as a growth stock example and by the end of the video you will have another valuable tool when it comes to assessing the risk and reward of an investment, in this case a growth stock. Video content: Growth stocks - The decade of growing valuations Visa Growth Stock Analysis Visa Stock Growth Performance Visa stock analysis and valuation Visa stock growth outlook Visa growth stock investment analysis The change in the growth rate – the delta of the delta growth stock analysis tool Growth stock analysis conclusion

AT & T equity research: AT&T bought DirecTV for $49 billion. It’s still paying a price for the deal

 Here is the link. 

Four years ago, AT&T purchased DirecTV for $49 billion, or $67.1 billion including debt. Now DirecTV is flailing badly enough that it is at the heart of an activist shareholder revolt against AT&T’s business strategy.

Elliott Management, an activist hedge fund, released a letter to AT&T’s board Monday in which it said that it has taken a 3.3% position in the company and wants to see changes. It specifically called out the DirecTV acquisition in the letter, saying the move has had “damaging results.”

So what happened?

Will Power, a senior research analyst at Baird, told CNN Business that AT&T bought DirecTV because it was looking for something that would expand its offerings and “help differentiate them in the market.”

“They were facing wireless competitive pressures and seeking a way to diversify,” he said.

...

At the end of the fourth quarter of last year, AT&T reported that the service had 1.6 million customers. It currently has 1.3 million. Analysts have predicted those losses will continue.

14:38/ 16:08

Expected returns by end 2030

  1. Best choice: 
  2. $50 - good economy
  3. Exuberance, lower debt
  4. 10% chance - 10x DIV - 250% Return
  5. Second choice: 
  6. $25 to $30 range
  7. 10 dividends - 50% chance
  8. Third choice: 
  9. Below $20 - 30% chance 
  10. Bad economy, higher rates, debt issues! Times will change



Sven carline: AT&T Stock Analysis - High Dividend Makes It Undervalued But Sell When Things Look Good

 Here is the link. 

AT&T stock is undervalued and if things remain as those are, you can expect a 10% long-term investing return. However, I am not sure things will remain as things are today and that is what make T stock a risky buy. AT&T's debt is so large that it would be the 40th ranking country qua debt in the world. That is a big risk and a key risk investors have to understand when contemplating buying AT&T stock. 0:00​ AT&T Stock Price 3:41​ AT&T Business Overview 5:26​ AT&T Debt Issue 11:10​ AT&T Stock Valuation 13:44​ AT&T Stock Forecast Intrinsic value template for downloat: https://svencarlin.com/wp-content/upl...​ What is this channel all about? Value Investing: https://youtu.be/2GFwfNOKWJM​ My 5 Core Stock Market Investing Beliefs https://www.youtube.com/watch?v=H_rNn...​ My passion is to look for low risk high reward investment opportunities with a long-term business owning like focus. I apply my accounting skills and investing experience in order to find the best businesses to own that offer the possibility to lead me towards my financial goals. If you are a sophisticated investor looking for in depth, independent stock analyses and investing ideas, here is my STOCK MARKET RESEARCH PLATFORM (business research and risk reward analysis, stocks to buy from my covered stocks list, my portfolio): https://sven-carlin-research-platform...

Sunday, January 10, 2021

Equity research: Is Intel Stock A Buy Right Now? Here's What IBD Charts Show

 Here is the article. 

Take my notes in the following:

  1. In 2019, No. 1 chipmaker by revenue - Intel
  2. In 2017 and 2018, No. 1 chipmaker by revenue - Samsung
  3. Intel - 15.7% market share in 2019, Samsung 12.% No. 2 vendor Samsung
  4. Intel revenue - 0.7% year over year drop, $65.8 billion
  5. Total worldwide semiconductor revenue fell 11.9% to $418.3 billion in 2019.

Chipmaking giant Intel (INTC) has had a rough 2020, which has rocked INTC stock. Intel stock climbed earlier this year on improving prospects, but tanked in the coronavirus stock market crash. It bounced back only to fall hard after its last two quarterly earnings reports. Still, some investors may be wondering: Is Intel stock a buy right now?

The Santa Clara, Calif.-based company ruled the personal computer era thanks to its close partnership with Windows software maker Microsoft (MSFT) in what was called the Wintel alliance. But the growth of smartphones and other computing devices diminished its influence.

In 2019, Intel was the No. 1 chipmaker by revenue, research firm Gartner said. It regained the top spot after Samsung took the lead in 2017 and 2018.

Intel had 15.7% market share last year, compared with 12.5% for No. 2 vendor Samsung. Intel's chip revenue slipped 0.7% year over year to $65.8 billion amid a semiconductor industry downturn. Meanwhile, total worldwide semiconductor revenue fell 11.9% to $418.3 billion in 2019.

Intel Stock Fundamental Analysis

On Oct. 22, Intel narrowly beat Wall Street's overall targets for the third quarter, but its data-center chip sales disappointed. Intel stock tumbled 10.6% on the first trading day after the report.

In the September quarter, Intel earnings fell 22% year over year to an adjusted $1.11 a share. It was the first year-over-year decline in quarterly earnings for Intel in over four years. Sales dropped 4% to $18.33 billion.

Intel's PC chip sales rose 1% to $9.8 billion. However, its data-center chip sales fell 7% to $5.9 billion, missing the consensus estimate of $6.22 billion

For the fourth quarter, Intel predicted adjusted earnings of $1.10 a share on sales of $17.4 billion. Wall Street was modeling Intel earnings of $1.06 a share on sales of $17.34 billion in the December quarter. In the year-earlier period, Intel earnings were $1.52 a share on sales of $20.21 billion.

On July 23, Intel delivered better-than-expected second-quarter results, but disclosed a six-month delay for its next-generation processors.

INTC Stock Tanks On Chip Delay

Investors sold off Intel stock after the company disclosed a delay in production of 7-nanometer scale processors. Its shares declined 21% in the week after the news.

The delay puts Intel further behind chip foundry Taiwan Semiconductor Manufacturing (TSM), which is already mass producing chips at 5-nanometer scale. Intel's current state-of-the-art chips are at 10-nanometer scale. Circuit widths on chips are measured in nanometers, which are one-billionth of a meter. Smaller circuits translate to faster, more power-efficient processors.

Intel rival Advanced Micro Devices (AMD) has been leveraging Taiwan Semiconductor's advanced process nodes to take market share in processors for PCs and servers.

Intel said it has a "contingency plan" to outsource production of its 7-nanometer chips to a foundry, presumably Taiwan Semiconductor.

Apple, Microsoft Moves Rattle Intel Stock

On June 22, Intel suffered a blow to its reputation when customer Apple (AAPL) revealed that it is moving to its own chips for Mac computers. The switch from Intel chips to Apple silicon will take about two years to complete. Taiwan Semiconductor will make the chips from Apple's designs.

Investment bank Morgan Stanley estimates that Intel was getting 5.8% of its total revenue from supplying microprocessors to Apple.

On Nov. 10, Apple announced its first Mac computers using homegrown processors. Apple claims its M1 chip delivers up to 3.5-times faster central processing unit performance than Intel-based Macs. It said its M1 chip also has much faster graphics performance and better power efficiency.

Intel stock suffered another blow on Dec. 18 when Bloomberg reported that Microsoft is designing its own chips for data-center servers as well as its Surface PCs. INTC stock fell 6.3% on the day the news broke.

Intel Faces Call For Change

Intel was hampered in 2020 by production shortages for PC chips. That allowed a resurgent AMD to gain market share.

Meanwhile, Intel Chief Executive Bob Swan has been working to hone the company's focus by selling off non-core assets. On Oct. 20, Intel announced a deal to sell its Nand memory-chip unit to South Korea's SK Hynix for $9 billion.

On Dec. 29, activist hedge fund Third Point sent a letter to Intel's chairman urging the company to explore strategic alternatives, Reuters reported. Those alternatives reportedly include divesting its chip manufacturing operations and becoming a fabless semiconductor company.

"Intel Corporation welcomes input from all investors regarding enhanced shareholder value," the company said in a news release. "In that spirit, we look forward to engaging with Third Point LLC on their ideas towards that goal."

RBC Capital Markets analyst Mitch Steves said Third Point's recommendations appear to be the same alternatives that Intel is already considering.

However, Intel would take a gross profit margin hit of 30% or more if it were to outsource chip manufacturing to Taiwan Semiconductor or Samsung, Steves said in a note to clients. He rates Intel stock as underperform.

Intel stock hit a 19-year high of 69.29 on Jan. 24 ahead of the coronavirus stock market correction. INTC stock notched its all-time high of 75.81 in August 2000 around the time of the dot-com bust.

On May 20, Intel stock broke out of a cup-with-handle base with a buy point of 62.23, according to IBD MarketSmith charts. It stayed mostly in the 5% buy zone for a few weeks. But on June 11 it tumbled 6.5%. The next day it fell anew and triggered a stop-loss sell rule, based on IBD trading principles.

Intel stock ended the regular session Dec. 28 at 47.07. In afternoon trading on Tuesday, it was up 5.1%, near 49.50.

Intel stock has a lousy IBD Relative Strength Rating of 5, meaning 95% of stocks have outperformed it in the past 12 months. The best growth stocks typically have RS Ratings of at least 80.

Is Intel Stock A Buy Right Now?

Intel stock is not a buy right now.

INTC stock needs to form a proper base in the right market conditions before setting a new potential buy point.

Plus, Intel needs to show progress in shipping new processors to fend off AMD.

INTC stock ranks No. 21 out of 32 stocks in IBD's Electronics-Semiconductor Manufacturing industry group, according to the IBD Stock Checkup. That means there are much better stocks to investigate in the group.

The chip manufacturing group ranks No. 78 out of 197 industry groups that IBD tracks. Growth stock investors should focus on leading stocks in top 40 industry groups.

Intel stock has a subpar IBD Composite Rating of 34 out of 99. IBD's Composite Rating combines five separate proprietary ratings into one easy-to-use rating. The best growth stocks have a Composite Rating of 90 or better.

Sven Carlin: When To Sell Stocks - 5 Strategies Explained

 Here is the link. 

The easiest thing to do is to buy a stock. The difficult thing to do is to know when to sell. Selling stocks is always tricky because a stock can always go up just after you sold it. The first discussed strategy, that looks towards fundamental indicators and uses fundamental analysis certainly helps in avoiding selling too early or too late. Another strategy is portfolio rebalancing that makes things much easier as you have to mechanically sell when something appreciates. The third strategy involves buying something much better, i.e. 50% better than the other portfolio holding. A better investing opportunity can always arise but you shouldn't trade too much around it. The fourth strategy is about using a stop loss. I discuss the pros and cons of using a stop loss. the fifth is not so much a strategy as the reaching of a goal, when you did it, sell your stocks and enjoy your life.

Five strategies:


Sven Carlin: Long Term Investing in Stocks Explained

 Here is the link. 

Long Term Investing in Stocks Explained and how to take advantage of all the short term traders out there. I also discuss Methanex (MEOH) as a long-term investing example. Want to know more about my portfolios? Independent stock market analysis and research! STOCK MARKET RESEARCH PLATFORM (analysis, stocks to buy, model portfolio) https://sven-carlin-research-platform... Inexpensive monthly stock idea and analysis: https://sven-carlin-research-platform... I am also a book author: Modern Value Investing book: https://amzn.to/2lvfH3t

  • Fallacies
  • Principles


  1. Speculating vs investing, exciting or boring
  2. Stock goes down, buy low and hold long term
  3. Business analyst, invest on long term - it takes long time
  4. Fallacy - Never allow to sell the stock - 
Buy stock under intrinsic value, and wait it until close to intrinsic value. 

BC recovery benefit

Jan. 10, 2021

I plan to apply BC recovery benefit. The following is detail.  

BC省政府发放的one-time, tax-free payment Recovery Benefit可以从12月18号(周五)开始网上申请(12月21号电话申请)。


家庭:2019净收入低于 $125,000可获得全额$1,000补助;净收入超过$125,000但低于$175,000,补助金额随净收入的提高而递减。
单身人士:2019净收入低于$62,500可获得$500补助;净收入超过$62,500但低于$87,500,补助金额随净收入的提高而递减。

这里是BC省政府介绍这个补助的网页链接:https://www2.gov.bc.ca/gov/content/economic-recovery/recovery-benefit#didnt-file

Jensen Huang: 2019 WMIF | 1:1 Fireside Chat: Jensen Huang, CEO, NVIDIA

 Here is the link. 

Moderator: Keith Dreyer, DO, PhD, Chief Data Science Officer, PHS; Vice Chairman, Radiology, MGH; Associate Professor, Radiology, HMS Jensen Huang, CEO, NVIDIA


AMD CEO Lisa Su: Our Long-Term Strategy Is Paying Off | CNBC

 Here is the link. 

Bet on both of them

Gaming - data center - more data on cloud 

blockchain - idea of blockchain - not more reliable revenue - long term technology - three to  fourth year


Lisa su: Advanced Micro Devices CEO: Going after 'secular growth' in high-performance computing

 Here is the link. 

Nov. 21, 2019

$1.80 -> $38/ share 

AMD - Lisa Su made it happen! 


im Cramer chats with Advanced Micro Devices CEO Lisa Su about why the chipmaker has to plan for business five years out and what it expects to see in the future of supercomputing.



Learn to invest: Intel Stock Analysis - $INTC - Intel's Stock Update - A Good Buy Today?

 Here is the link. 

PEG Ratio Explained: https://youtu.be/-cVkFyC4g4M Old Intel Video: https://youtu.be/M3HuI7hiM8k In this video we look at Intel ($INTC) to see if it looks like a good investment today after earnings were a bit disappointing.



 


Learn to invest: PEG Ratio Explained - Intel vs AMD

 Here is the link. 

Best Way to Value Stocks: https://youtu.be/XofzEFlwHcA Intel Analysis: https://youtu.be/M3HuI7hiM8k In this video, we look at what the PEG ratio is and how it can be used. We use the PEG ratio to compare AMD to Intel to see which one looks better valued today.


  1. Price/ EPS 9.3x AMD 112x
  2. AMD - one dollar profit to pay 112 times
  3. Growth INTC 3.6% - next 10 yrs, AMD 36.2% next 10 yrs
  4. EPS vs PEG - tell how much to pay for growth
  5. PEG INTEL 2.6 AMD 3.1
  6. PEG weakness - count the risk
Intel more risk? Due to operation issue.


Sven Carlin: Intel Stock - I'm Buying For Earnings, Dividends & Buybacks

 Here is the link. 

An Intel Stock Analysis has been what most of you requested so, because the stock is down but has good fundamentals and offers a very positive outlook, I went into a deep analysis. I also bought Intel stock for my portfolios because the risk and reward is on the positive investing side despite the murky short term outlook that many analysts have. When it comes to buying Intel stock, one has to differentiate between the negative news or noise that has pushed Intel's stock price below $50 and the fundamentals that still look good with high cash flows, strong buybacks and a growing dividend. Intel will definitely lose market share as the environment it operates is more and more competitive, but what is a key investment factor, the semiconductor sector is a growth one, and Intel can keep growing no matter the competition. AMD, NVDA, QCOM and others will do their thing for sure and eat into INtel's moat, but it is most likely Intel will keep growing. In a conservative growth scenario of just 3% per year, and investment into Intel now would likely lead to great long term returns and that is why Intel is a stock to buy now. There are also risks, Intel could end up like IBM, but it is more likely it will end up like Apple stock. Intel now reminds me of Apple in 2016 because the fundamentals were there but the analysts were all worries about the lack of innovation with the new iPhone and consequently lower revenue growth and no profit growth. They were completely right, but the stock went from $100 to the current $500. Enjoy the video: 00:00 Intel stock analysis 01:52 Intel stock price 05:13 Why Intel stock down? 06:29 Analysts downgrades 09:34 Market noise 11:34 Business environment 14:37 Business outlook 16:14 Intel growth potential 17:14 Intel Q2 Earnings 17:57 Comparison to AMD, NVDA 19:00 Intel guidance 20:09 Fundamentals 21:59 Intel buybacks 22:39 Apple comparison 23:49 $10 billion buyback effect 24:37 Intel CEO 24:58 Intel dividend 25:36 Intel stock valuation 27:26 Risk and reward If you enjoyed this Intel stock analysis, also check: Are you a sophisticated investor looking for in depth, independent stock analyses for investing ideas?Here is my independent stock market analysis and research! STOCK MARKET RESEARCH PLATFORM (analysis, stocks to buy, model portfolio) https://sven-carlin-research-platform... Are you an investor that is just starting? Sign up for the FREE Stock Market Investing Course - a comprehensive guide to investing discussing all that matters: https://sven-carlin-research-platform... I am also a book author: Modern Value Investing book: https://amzn.to/2lvfH3t Check my website to hear more about me, read my analyses and about OUR charity. (YouTube ad money is donated) www.svencarlin.com


Equity research: Wechat group conversation

Jan. 10, 2021

Introduction

I spent an hour to work on wechat group and try to have some conversations. I like to learn more about investing. 

Wechat group - my content  

陈建敏,vancouver, BC 10:54

大家有空看这个软件股票, SWI 的小伙伴。去年涨了250%。

陈建敏,vancouver, BC 10:55

APPN stock: Why Appian Stock Skyrocketed 324% in 2020

陈建敏,vancouver, BC 10:56

So what 

Appian's platform allows customers to easily and quickly build apps without having to know much about writing code. And as the pandemic forced companies to focus their attention on attracting and communicating with customers online, many companies turned to Appian to build their apps last year. 

The demand for an easy app-building service pushed up Appian's cloud subscription revenue, which increased 40% in the third quarter. In turn, the company's total revenue increased 17% in the quarter to $70.9 million, and adjusted earnings per share reached breakeven, outpacing Wall Street's consensus estimate for a loss of $0.17 per share. 

陈建敏,vancouver, BC 10:57

买股票我还是没有经验。看看我昨日总结GE

陈建敏,vancouver, BC 10:58

Here is the link. 

陈建敏,vancouver, BC 11:00

从左侧开始买, 如果总是365天最低, 就可以不要卖了。长期持有就可以拿100%。 2万美元买四个股票就够了。一个5000美元。

陈建敏,vancouver, BC 11:02

[weixinfile: https://youtu.be/CW0qeDtHKnw]

陈建敏,vancouver, BC 11:03

Long-term value investing principles

So, what are the principles of long-term investing

Buying below intrinsic value

Owning a business, not focusing on the stock

Selling when the stock is above intrinsic value

Buy companies that offer long-term quality - be it in the form of an asset, brand, location, scale or whatever.

Have patience and let those dividends and investment compound

Keep some cash on hand to take advantage of the opportunities the irrational - short term-oriented market offers

Be patient

陈建敏,vancouver, BC 11:05

Sven carlin: Long Term Investing in Stocks Explained

七条建议

陈建敏,vancouver, BC 11:07

看股民评论Intel 股票。我在思考500股什么时候跌什么时候买。做短线。

陈建敏,vancouver, BC 11:08

Learn from Yahoo -> finance -> conversation

$TSLA P/E=1700 !EXPLAIN THIS!
$AMZN P/E=93
$GOOG P/E=30
$BABA P/E=23
$INTC P/E=9

I’m crunching the numbers but according to my calculations Intel generated a larger profit in 2020 than Tesla generated in its entire history...

Wall Street is a popularity contest.
Who’s gonna be the cool kid for 2021?

陈建敏,vancouver, BC 11:09

Amazon didn't start with a PE of 93 remember?
In December 2012 AMZN P/E was over 3600
Stock price then was $180
Stock price 8 years later is over $3100


Irrational, and definitely won’t last.


TSLA market cap = about $1.6M per car delivered last time I checked. Ford: $16K per car.


Don't know of about Amanda much but goog is one of the most undervalued tech stocks on the market

陈建敏,vancouver, BC 11:10

The rationale some of the investors were giving was P/E ratio is not what matters, what matters is how many people are still willing to buy TSLA at PE ratio of 1500.

Seriously? Looked more like a greater fool theory to me. Traditional metrics of valuation are scoffed at, surest sign it is a bubble.

The bubble may not burst anytime soon though. TSLA may even hit 1 trillion valuation soon.
But this WILL unravel one day and it will be nasty for many gullible individual investors, the Wall St crooks know all exits to use as soon as the party ends, before others.


It really is over priced. Every car company is working on electric cars and new companies are starting up. The market really is not that large. It is just a replacement market for the current cars on the road. Over time they will switch to Hydrogen or Battery. The bottom will fall out of TSLA soon.

陈建敏,vancouver, BC 11:12

华尔街crooks 大家要小心。最大傻瓜原理 - 皇帝新衣

陈建敏,vancouver, BC 14:44

请问是不是觉得会涨, call Intc