Saj

http://barelkarsan.com
Total Rating:
0 / 0

37 Comments

    • Wed Nov 19th 15:58 PM | Rating: 0 0
      Commented on:
      Disney: Mickey Mouse Accounting
      Hi,

      Not at all. As you say, these should be considered assets as well as obligations (as alluded to in paragraph 5).
      View article »
    • Wed Nov 12th 17:10 PM | Rating: 0 0
      Commented on:
      Office Depot: Dialing for Dollars
      Hi DS,

      No cheapshot intended, just sending the message that investors must do their own investigation, and not simply rely on what they hear on the call.

      -Saj
      View article »
    • Mon Nov 3rd 18:48 PM | Rating: 0 0
      Commented on:
      Misalignment: Compensating Management with Options
      Hi Ex,

      You are right that restricted stock was also involved, but your claim he was not paid in options is false. Here's a video where Fuld specifically admits to exercising various options for hundreds of millions of dollars (1:35 mark of the video): www.youtube.com/watch?...
      View article »
    • Fri Oct 3rd 14:09 PM | Rating: 0 0
      Commented on:
      Common Size Comparisons: Coke vs. Pepsi
      You guys are correct. My intention was to illustrate to my blog readers how common sized analysis works. This should not be looked at as an actual comparison between Pepsi and Coke, but yes the seeking alpha title is misleading; I apologize.
      View article »
    • Tue Sep 16th 02:43 AM | Rating: 0 0
      Commented on:
      A Look at US Debt Levels as a Percentage of GDP
      Hi Hanumanj,

      The data is from the historical tables of the 2009 budget (www.whitehouse.gov/omb...). The article clearly states this chart is for public debt, while I believe you are quoting gross debt.
      View article »
    • Sun Aug 24th 21:47 PM | Rating: 0 0
      Commented on:
      Cramer Likes World Wrestling Entertainment: Should You?
      Strong balance sheet is how. Cash of almost $4 / share can more than make up the difference between income and dividend.
      View article »
    • Fri Aug 22nd 01:19 AM | Rating: 0 0
      Commented on:
      Is Harley-Davidson Losing Market Share On Purpose?
      Hi Mallarde,

      If you don't believe the market share numbers Grant and I are referring to, I encourage you to look it up rather than simply believing it's wrong. Let us know if you interpret the stats you find differently than we do.
      View article »
    • Wed Aug 20th 23:46 PM | Rating: 0 0
      Commented on:
      Shuffle Master Is No Ace
      Thanks for the update, Paulie. You are right they have now refinanced. Of course, the equity injection dilutes the value of each share, so that has to be taken into consideration as well...
      View article »
    • Wed Aug 20th 23:37 PM | Rating: 0 0
      Commented on:
      Is Harley-Davidson Losing Market Share On Purpose?
      Hi Grant,

      You are right that HOG buyers are getting older. As a result, Harley has been heavily shifting marketing spend towards younger riders (a couple of examples I've noticed personally is they advertise on digg and Ultimate Fighting), but of course there is no guarantee that they will be successful.

      But I think it's important to consider the price of this company. Surely there is a price for which you would buy this company (e.g. if the whole company was on sale for $1, would you buy it?). To me, the stock price has taken into account all the negativity you mentioned and then some.

      Hi Joseph,

      If you look at Harley's margins, you can see that they have a lot of room to cut prices and still make a profit. But rather than produce bikes to capacity, they've actually cut production to maintain price levels. This causes each bike to cost more to produce (fixed costs spread over few bikes). Therefore, what the CEO means by operating for the long term has to do with brand positioning. They'd rather remain a premium product priced at a level that many can't afford, rather than grabbing short term profits now (by filling production capacity and selling more bikes for cheaper) but losing that premium status.
      View article »
    • Tue Aug 19th 15:14 PM | Rating: 0 0
      Commented on:
      Is Harley-Davidson Losing Market Share On Purpose?
      Hi Grant,

      Thanks for pointing that out. On Harley's conference call, the growth in the rest of the industry was attributed to the competition cutting prices and offering generous financing.
      View article »
    • Fri Aug 15th 22:33 PM | Rating: 0 0
      Commented on:
      Is Harley-Davidson Losing Market Share On Purpose?
      My fault, you are right Fujimo, 650cc+
      View article »
    • Fri Aug 15th 21:00 PM | Rating: 0 0
      Commented on:
      Is Harley-Davidson Losing Market Share On Purpose?
      Hi Craigla, the dealer financing is probably not a huge problem, as the financing is secured against new bikes on the floor, and those can be re-allocated among dealers. Consumer financing is where you are seeing more stringent requirements now and where recovery prices are below the value of the loans in some cases. It certainly is a concern that they are holding these loans on the balance sheet. They *could* sell them though, but they don't feel they're getting a price in the credit markets worthy of the sale, which is why they keep them. I do worry about these bloated, somewhat uncertain assets though.

      Hi Mallarde, Harley defines its market as engine displacements of 1250cc and up, so that's the market share I'm referring to. You are right, this doesn't include all bikes. Regarding the drop in units, I would agree with you that part of this is the fact that they probably don't want to take on risky loans, but its clear they have cut production, whereas they could have taken on the strategy of keeping production where it was and taking on these riskier loans to move product.
      View article »
    • Tue Aug 12th 18:16 PM | Rating: 0 0
      Commented on:
      Oil Demand Should Continue to Fall
      Hi Jim,

      You are right, the reduction in demand is going to have to come from reduction in fuel for vehicles. It will take a while, I agree, but we do see signs of it happening already.
      View article »
    • Tue Aug 12th 16:21 PM | Rating: 0 0
      Commented on:
      Oil: Does Supply and Demand Still Apply?
      Hi Cjworth. That's just not the case. The IEA predicts growth in supply for at least the next two years: www.forbes.com/reuters...

      Ozzy, I agree that the size of the wells is not identified. My intent was to show how a high price increases supply activity. If you have data on the size of the fields I'd love to see it. Regarding trends, I'm not saying we should look at the price trend, I'm showing that high prices result in more exploration which results in more supply. It is erroneous to draw a conclusion that we've run out of oil when it's clear from the chart that the oil price was so low for so long that there wasn't any POINT to finding new oil, which is why we're at where we are. By the way, well drilling peaks in 2007 not 2005, and only because that's the last year of data available! 2008 will mostly be higher still, again drive by incentives considering the high prices.

      Tern, In no way does this talk down the spot price. It takes time for oil exploration to yield results. My conclusion clearly states this is a long-term effect.

      MattB, agreed the supply side was simplified here. This is just one aspect of the supply/demand effect I'm trying to illustrate, but your points are valid.

      Lou, you are right, poor choice of words on my part.
      View article »
    • Sun Aug 10th 12:08 PM | Rating: 0 0
      Commented on:
      Oil Demand Should Continue to Fall
      Hi Xpert. You mean in the future? It most certainly would...this is the nature of cycles, as opposed to the "its different this time" argument we hear too often.

      Whisper, I agree. The high oil price makes research and development into alternatives viable for the time being, but if the oil price should fall, carbon taxes and other government mandates will be required to stop us from harming the environment.

      Thanks for the note Mekats. This article was simply about the demand side, the supply side will follow tomorrow. As for logarithmic charts, this article was intended to educate readers that don't analyze for a living, rather than confuse anyone with industry jargon.

      Hi Erew, the massive run-up we see in consumption since the late 80s shows that in the aggregate, the OECD does not appear to have learnt any lessons, allowing for some efficiencies to arise now that they are indeed paying attention.

      View article »
Loading...
Symbols:
Authors:
Quick Links:
Contribute an Article Become a Seeking Alpha Contributor

Transcripts

More Transcripts»