The 50/50 allocation is another thing I was just thinking about... I don't know... I'm on the fence still... YGE is my biggest holding but I'm in 2 others that are doing well so it's like it's game over if YGE has a credit event but... sketchy situation that I should have never got myself in to :) I know better now but... that doesn't help me feel much better when this POS is tanking like this every day lol
Perhaps a 50/50 allocation?
I've read YGE needs in excess of 20% gross margins just to break even due to the interest on debt. This is not a good situation. The large qtr over qtr growth in gross margins in Renesola is worth noting, as is the fact they are expanding production 30% by mid-2015 through the use of OEM.
It just looks good, margins are going up in leaps and bounds and capacity is being expanded. That smells like profit to me.
All they need to do is the the pps up and do a capital raise and they're good to go... I just don't know why they didn't do this before and address all these issues when the pps was so much higher :|
Yan... I feel your pain brother... That's funny that you mention LVS and MPEL because I view those stocks exactly as I do this one and the whole solar sector really just recovering from the oversupply issues... I think you're probably right about what's going to happen with YGE... that's what my gut tells me too... SOL just seems like they don't have the threat of all that debt overhanging them... I been mulling the move all morning... I'll prob stay with YGE but not sure... thanks for the insights...
You are not alone. I am sitting in the same YGE jail for about a year as well. I was hopping that yge will make the same rally like in a year 2009. I just got wrong. I hate this shithole too. Most of yge investors are gamblers. I hope somebody will buy this cheap shithole so I can finally get out.
Been a tough week. My experience to never sell at the bottom. I always witness a surge in stock price when the fundamental changes from losing money to making money. I seen this with LVS, MPEL, The fundamentals changes is so huge from this reversal, the stock spikes up at least 200-300% in one year. Check out the past charts.
Sentiment: Strong Buy
I'm looking at moving YGE to SOL right now... Strongly considering it... I think YGE will pull through but SOL just has such better fundamentals...
Right above the support level. Buy and hold this for a while. Take nice .50 to .75 profit in about a month. Put a lot of cash at work. I have some more it test the 2.80 support level.
That is why im buying. It is holding the 3.10 support level. Time to make another .50-.75 on a $3.00 stock. I'm free rolling with all the trades that I have made at these levels.
what a joke YGE is. I am tired of losing money in this and I have been in since last year and cost average down for what - for it drop further. sad reality.
Both trading $3.12 as I write this. YGE has been underperforming and Renesola has been outperforming.
-Yge has roughly 300% the debt load of Renesola.
-Yge has roughly 82% greater dilution.
-Renesola's margins next qtr. are projected to be 15%-17%.
-Renesola is projecting 500MW delivery to U.S full-year 2015.
Obviously I think Renesola is a better investment, but I advocated well over 6 months ago to shift bets from YGE to SOL, this is when YGE was trading at a 30% premium to SOL. Of course, do your own DD, just an observation today.
Production is behind demand. The stock price keeps dropping, margins and demand keep improving, Forecast guidance is positive for the whole sector. Its like putting gas in your tank and as it fills up the fuel guage heads towards empty. Makes no sense and this is a full blown mjnd twister. Logic and analogy out the window. A fine example of herd mentality driven fear as the swine jump off the cliff into the ocean. And the worst part is that as soon as I sell shares the price action switches and goes back up to $4,50's where it should be right now. Just keep paying that big electric bill each month. forget that solar pays for itself in the long run.
3rd quarter ending. Tier 1 sold everything they could produce in this (3rd) quarter; shortage of Solar panels now. YGE should be able to make some profit and sell at higher prices, since others still have to build new factories (additional expense), to meet new demands.