Published: November 25, 2019
With Disney and Apple entering the arena, we reviewed some of the ideas posited by SumZero contributors to examine how these two giants are shaping the competition for subscription-based video and how companies like Apple and Netflix – the 6th and 7th most-searched for companies on SumZero – are ...
Published: July 22, 2016
Ever since legendary business magnate Carl Icahn sold his Apple shares earlier this year, many investors lost faith in the company’s future and withheld from taking a position in the tech giant. But history shows that following the herd mentality, even if propagated by someone as prophetic as Ica...
Published: October 28, 2015
Bitcoin’s largest volatility events have been for the most part attributable to news events. Such events have involved bitcoin companies, global macroeconomic crises, law enforcement actions, regulatory developments and so on. The most notable of these have been the Mt. Gox collapse, the arrest o...
Published: October 16, 2015
Mobileye is a small piece of a much larger puzzle which doesn’t support long term monopolistic margins predicted by the sell side. Especially if you know the automotive industry, it’s easy to be highly suspicious of sell-side assumptions that assume a market that is a few million units today is g...
Published: June 26, 2015
Any time a business sells a product that you’re intimately familiar with, where you understand pricing power and competition, I think an investor should always carefully evaluate it. In my case, many of my friends own a GoPro, I’ve seen their videos, I’ve used their product on vacation, and I und...
Published: January 30, 2015
We are initiating coverage of Oracle Corporation with a BUY rating and a 24-month price target of $63. Oracle is a money machine that prints $1.2 billion in free cash flow per month. Oracle has an extremely valuable “razor and blades” business model, which is being substantially undervalued in it...
Published: April 30, 2014
Founded in December 2007, Two Fish Management, LLC is an options focused investment management firm that aims to provide excess risk-adjusted investment returns over conventional benchmarks through a variety of unique strategies for individuals, independent financial advisors, broker/dealers and ...
Published: April 07, 2014
These rapidly increasing costs are primarily due to the licensing fees required to maintain Netflix's expansive streaming content library. Netflix is in constant content-bidding wars with a number of other big name companies such as Amazon (AMZN), Apple (AAPL), Google (GOOG), and Outerwall (OUTR)...
Published: February 28, 2013
SKUL has been a dog, but there is a good chance its net sales deceleration is stabilizing – at least for the next quarter. On the Q3 conference call, SKUL management tightened the FY 2012 guidance to $290-$300M from the previous range of $280-$300M. This is a fairly noteworthy event as $280M in ...
Published: February 01, 2013
Let’s start with the base retail business. It reminds me of an old Saturday Night Live skit where a banker explains that his business plan is making change. ‘we’ll give you 5 nickels for your quarter. We can even give you ten pennies for your dime…How do we make money? Simple: Volume!’ Do you rem...
Published: January 17, 2013
Our research shows that returns drop the minute one ventures into high-price firms. Warren Buffett is a clear exception to this empirical finding, but let’s be honest, none of us is Warren Buffett.
Published: January 14, 2013
Dell is a dirt cheap, misunderstood company (not primarily a PC company, and not a fixed cost one at that), and there is a good chance Michael Dell will take it private.
Published: December 18, 2012
The dramatic and accelerating evolution of technology is, however, quickly turning the prospects of investing in a historically great business into something more akin to sleeping on top of a ticking time bomb. You don’t know when it’s going to go off, but sooner or later, it will. Owners of thes...
Published: December 13, 2012
We estimated that this current year (FYE June 2013) net additions will be approximately 50k and will turn negative from next year. There are 2 main reasons for this. First of all, we think the UK DTH market is very mature and near saturation. The second, and more important, reason is that competi...
Published: September 25, 2012
While I do not typically peddle Eric Jackson's commentary, I thought he put out a good note on Yahoo! the other day regarding the hiring of Jackie Reses. He believes she brings a private equity mindset to the Company, and will prove instrumental in Marissa Mayer's turnaround strategy:
Published: September 24, 2012
I am recommending a short position in Pandora. At the current valuation, by my estimates, the Company needs to grow its' audience by almost 300% and increase its' mobile pricing by 120% (desktop still grows at 25%). While it may be able to accomplish one or the other, I think it is unlikely that ...
Published: September 06, 2012
Most people in North America (my main audience) have a mobile phone and at the very least a vague sense of what Apple is. Therefore most people have an opinion on the mobile phone market. You mention Nokia and they recoil in horror. This vague notion of what the company does and the associated be...
Published: September 06, 2012
Facebook shares sank after BMO Capital analyst Daniel Salmon wrote that many advertisers appear to be reducing the amount of money they're spending on the website. Two out of every three advertisers contacted by Salmon divulged information that was negative for the stock, the analyst wrote.
Published: August 29, 2012
The availability of affordable smartphones (less than $130) will trigger explosive smartphone adoption in China. China Mobile (CHL) is a leader in the voice segment, but was losing ground in the smartphone segment. However, its main competitive disadvantage (lack of handset variety) is now fixed....
Published: August 10, 2012
Despite being among the leaders in its respective industry, HP’s trading multiple is at a steep discount to most technology companies. HP is trading at historical lows despite being significantly larger as measured by revenues
coupled with improved operating performance.
Published: June 06, 2012
Everybody knows, or thinks they know the company, but the more time I spend talking to professional investors about Apple, the more clear it becomes that 90% of those who consider themselves 'informed,' and possibly directly involved in the name, know little about the applicable metrics, growth r...
Published: September 11, 2012
Contributor: John Griffin
Title: Portfolio Manager
Firm: Wildehond Capital
Location: New York, NY
Notable Stock Expertise: ZLC, CVS, GME
Undergrad: Colby College
Post Grad: Wharton, University of Pennsylvania
Recommendation: Short
Timeframe: 6 Months to 1 Year
Recent Price: $630.00
...