Twitter as a business is absolutely sensational,said Larry Haverty,portfolio manager at GAMCO Investors.The growth of the global ad revenues are divided by the big three:Facebook,Twitter and LinkedIn.At close to a 40 billion valuation,I can't make Twitter grow fast enough to justify the price.You've created an artificial shortage.This is a hoarding apple,not an investing apple.
There's speculation going on.People are just buying it.It's going to make a lot of money,but with a 40 multiple on it,five years from now I get a stock valuation where it is right now.God forbid something happens to the business like to an AOL and previous speculative companies.Once I see how the numbers look,seeing how the people behave at the conference call,I'll be able to judge it better.I just can't do that right now.*
I would still be a buyer of Google.Right now it's a technological conglomerate.Basically it eats on ad dollars.It's returning 5%.I think Google glass will be a phenomenal success.*
Macau in the next five years is gonna double.*
With Sony,one thing I like is,they're finally figuring out how to make money in the music business.Profits are gonna start going up as these services allow them to start monetising.
The real call option on Sony is the electronics business.Ultra HD TV is gonna be all over the Consumer Electronics Show.Sony is gonna have a seat at the table.Three to five,you have the entertainment business and a turn in the electronics business with PlayStation 4,somebody's gonna make a fair amount of money with Sony.*
In the next few weeks,Liberty Media will buy Time Warner Cable.*
Sony Group(SNY),Twitter(TWTR),Google(GOOG),Time Warner Cable(TWC),Liberty Media Corporation(LMCA)
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