‘What Were You Thinking?’

by finandlife03/06/2022 06:30

Scott McNeely was the CEO of Sun Microsystems, one of the darlings of that bubble. At its peak his stock hit valuation of ten-times revenues.
At 10 times revenues, to give you a 10-year payback, I have to pay you 100% of revenues for 10 straight years in dividends. That assumes I can get that by my shareholders. That assumes I have zero cost of goods sold, which is very hard for a computer company. That assumes zero expenses, which is really hard with 39,000 employees. That assumes I pay no taxes, which is very hard. And that assumes you pay no taxes on your dividends, which is kind of illegal. And that assumes with zero R&D for the next 10 years, I can maintain the current revenue run rate. Now, having done that, would any of you like to buy my stock at $64? Do you realize how ridiculous those basic assumptions are? You don’t need any transparency. You don’t need any footnotes. What were you thinking?

Tags:

Psychology

DÒNG TIỀN ĐANG ĐUỐI DẦN?

by finandlife17/04/2022 17:00

Tăng trưởng thấp hơn 13% trong 2022 sẽ không đủ để bù đắp sự tăng lên trong suất chiết khấu

FINANDLIFE

Tags:

Psychology

Margin Monitor 13/2/2022

by finandlife13/02/2022 10:04

Tags:

Economics | Psychology

TIỀN TIẾP TỤC ĐỔ MẠNH VÀO CHỨNG KHOÁN

by finandlife04/01/2022 17:22

Tags:

Psychology

ĐỊNH GIÁ VS GIÁ CẢ CẬP NHẬT 15/12/2021

by finandlife15/12/2021 08:57

Tags:

Economics | Psychology | StockAdvisory

DISCLAIMER

I am currently serving as an Investment Manager at Vietcap Securities JSC, leveraging 16 years of experience in investment analysis. My journey began as a junior analyst at a fund in 2007, allowing me to cultivate a profound understanding of Vietnam's macroeconomics, conduct meticulous equity research, and actively pursue lucrative investment opportunities. Furthermore, I hold the position of Head of Derivatives, equipped with extensive knowledge and expertise in derivatives, ETFs, and CWs.

 

To document my insights and share personal perspectives, I maintain a private blog where I store valuable information. However, it is essential to acknowledge that the content provided on my blog is solely based on my own opinions and does not carry a guarantee of certainty. Consequently, I cannot assume responsibility for any trading or investing activities carried out based on the information shared. Nonetheless, I wholeheartedly welcome any questions or inquiries you may have. You can contact me via email at thuong.huynhngoc@gmail.com.

 

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