I read the CC transcript and now I have questions..
1-Mono-crystalline versus polysilicon. What are the differences between the 2 technologies . Which one is the future ? what are the market shares?
2-It is my understanding that YGE is manufacturing their polysilicon ( or will be manufacturing ?) and will expand the plan, but they are outsourcing the mono-crystalline from overseas suppliers. Am I right? Can't they manufacture it ?
3-What does OpEx means ? or means to YGE?
4-Is the poly plant still scheduled and ontime for the second half of this year?
5-What is the difference between their standard lines versus their new Panda line?
6-And is the new Panda capacity expansion still scheduled and ontime for Q3?
7-So far I have read good things for the company. how come the stock has not appreciate ? please list a few problems with this company you foresee...
Thanks for your help !
We have a board terrorist that has no scruples and will say anything to misrepresent the company and people who try to have civil discourse on its merits. I'm sorry you were duped by his false id of me. Since the stock has received a few upgrades he has resorted to gorilla warfare on the board. Some things are beyond my comprehension and left better to be judged by a higher being. I am heavily invested in AAPL stock and have witnessed every manner of false posts on that board from false reports of Steve Job's demise to every conceivable lie about the company's finances.
Despite 80% of this misinformation the stock continues to make new high daily. At some point if Yingli executes it too will go much higher. In the short term stocks are like the Wild West with no sheriff in town.
signed the original OG (orangutan gorilla mah-ah fackahs!!)
Elvn, the Ditzl with the 60/male is THE Ditzl.
As for your 11.50 in the near future well that might happen after earnings, depending on what they report. How long we stay in this range of 13.00 to 13.65 don't know. Just got to play this one day to day.
Hi Stephane, You will notice that there are a lot of impostors, as has already been pointed out to you. You, too, will likely find that someone starts to make fake ID's for you, too. Whoever it is is short and wants the price to come way down.
One thing to keep in mind here is to be in cash and not margin. The price moves so dramatically either direction that it is impossible to be on margin and stay with it. Those who have been long, me included, have done well, but we also have a high pain tolerance. We longs know that eventually the price will break above of the trading range which is roughly from the $11's to the $19's. It can move as much as 11% even 14% in a day. Mostly you'll see 3 - 4%. That's a lot.
Good luck and welcome.
OK I did goggle a bit and this is what I got.
(As far as market share, I still don't know)
2- ? still don`t know if they are allowed to fabricate mono, of if they are even interested in making mono..?
3- OpEx is operating expenses thank you ditzil (I thought it had to do with OPEC (Organization of the Petroleum Exporting Countries )(English is not my native language..) :-(
4&6 - Combined with the existing 600 MW production capacity in Baoding and the 100 MW capacity under construction in Hainan Province, this new expansion project is expected to bring our total production capacity to 1 GW by the end of 2010.
5-On the Project PANDA pilot line, we have already successfully produced next-generation cells with an average efficiency rate of 18% or higher. Looking ahead, we expect to increase the average efficiency rate to at least 18.5% on the commercial production lines by the end of this year
7-future earnings seems to be one problematic aspect
what else do you think ?
thanks to ditzil for his help
everyone welcome to comment or add please.
OK I got the answer to question 2.
2-YGE manufacture mono in their Panda line...
300 MW PANDA mono-crystalline silicon-based manufacturing capacity expansion project at its Baoding headquarters
Use your google skills to compare the two kinds of silicone. OpEx is operating expenses. Google Panda Project. The primary problem is translating revenue to appreciating earnings. As a low cost producer they are getting contracts by being the low bidder. This gets them market share but lowers their earnings. We have to see what earnings drop to the bottom line when they increase capacity to 1GW.
Stocks are generally undervalued when their growth rate exceeds their PE. Yingli does not have a track record long enough to warrant an expanded multiple. Capacity is increasing exponentially but we don't know how much earnings that will generate. Recent estimates from an analyst said they would make over a buck. If that's the case a multiple of 15 times should mark us up. Then we look to 2011 for more expansion and better earnings.