NVDA : Intensifying competition and execution issues

July 17, 2008

Nvidia (NVDA) is the company which pioneered the development of the GPU, a class of chips dedicated to graphics processing and found at the heart of all displays cards. Nvidia’s stock took a dramatic dive right after its recent earnings call that revealed 3 major problems. Firstly, some of its laptop display cards are failing […]

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LPSN : the numbers

July 7, 2008

Following my previous article on the business model of LPSN, I now present a financial analysis of the company. In 2007, LPSN had revenues of $52.2 million, and the last quarter of that fiscal year includes revenues from the Kasamba acquisition. Of that revenue, $49.4 million is from its SaaS business, and $2.8 million is […]

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New money management rules

July 2, 2008

I’ve recently done some soul-searching over the failure to adhere to my own money management rules in the past half-year. I’ve identified two main causes of failure. Firstly, I over-committed, putting too much of my net worth into stocks. Furthermore, I designed my portfolio with too few positions (only about 10), and therefore had too […]

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LPSN : A niche product in e-commerce

June 29, 2008

In keeping with my goal of writing more often, I’ve decided to publish my preliminary research about stocks I have yet to make up my mind about. This is the first time I’m doing so, and this article is about an interesting small-cap stock that came up on my insider buying screen. LivePerson (LPSN) is […]

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The dangers of share ownership

June 10, 2008

I’ve just finished a chapter in Dan Ariely’s delightful book, Predictably Irrational, which discusses how we get attached to things we own, and tend to value those things more than an objective observer would. This attachment explains the proliferation of the 30-day money-back guarantee; we fail to anticipate how attached we will get to the […]

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Intel’s anti-trust woes

June 7, 2008

Intel’s (INTC) anti-trust problems are all over the papers recently. In South Korea, anti-trust regulators have just fined Intel $25.5 million for anti-competitive practices (a judgement that Intel will appeal). In Europe, the anti-trust regulators are expected to conclude their investigations and issue a judgement soon. And in the US, the FTC has just formally […]

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Does value investing always work?

June 2, 2008

Right now, I am reading Michael Mauboussin’s new book “More Than You Know: Finding Financial Wisdom in Unconventional Places“, an excellent collection of short articles that capture snippets of investment wisdom. One article touches on attribute-based investment (value, growth, momentum, charting etc.) versus circumstance-based (e.g. Soros-like styles) investment styles. Mauboussin believes that there are two […]

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Investment strategies in a weakening US economy

June 1, 2008

An article in the New York Times says that another blow to the US economy is about to come in the form of reduced state and city government spending for the coming fiscal year beginning July 1st 2008. Apparently, state and city spending makes up $1.8 trillion in the $14 trillion US economy, and they […]

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Blogvesting revived

May 31, 2008

I hadn’t been researching or writing about investing for quite a while, as shown by the complete lack of posts for the past half-year on this blog. A sudden intensification of project activity at work, the poor investing climate in general, and the trauma of watching my biggest position disintegrate in particular, have all conspired […]

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FMD : Mea culpa

December 22, 2007

The recent dramatic gyrations in the stock price of FMD has prompted me to re-evaluate the company. FMD’s stock price first declined when an FBR analyst delivered a report which stated that TERI may not have enough cash to cover its obligations in the face of losses which are running above expectations in some of […]

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