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SunPower Corporation Message Board

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  • billberggren billberggren Apr 29, 2011 6:38 PM Flag

    SPWRA/Total deal is horrible

    I am not a short or a long, but was planning on buying within the week. Hope Total comes in learns how to run things then kicks the present management on the street. however, the stock was divided into SPWRA and SWRB shares for this very reason, to prevent big oil from controlling it.

    All the money the government pumped in this company directly or indirectly to see it moved to France. What a bunch of clowns. Shut down the NREL screwups!

    I would like to see who owns the shorts, I would not be surprised if is Total itself so they can manipulate the price down so he idiots can see a 8 point move as something to get excited about.

    The poor saps that bought at 120 are going to settle for this low buyout.

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    • I'm ambivalent about this buyout. Bought all the way down (originally in at 28-30) because I've believed in this company, finally got my average share price to ~16, so in theory this should be a windfall.

      I agree it's prudent to sell some at near-price, I got burned by a buyout that didn't go through once (& the waiting is costly - Better 23 today than 23.25 later).

      But in this case, it reads like a done deal (not that we'd necessarily know now of a party or government liable to nix it), and it hasn't come close enough to the tender price to be tempting.

      Is anyone clear on our standing? If it goes through, do we all wind up having to tender all our shares? Will Sunpower continue to be traded, or is the goal to go private, with the other 40% held by a few major shareholders?.

      Though I trade a bit on ups & downs, I'd planned to hold most of my SPWRA well into three-digits.

      And your pointing out the likelihood that Total isn't going green but pre-empting renewable technology, Bilberg, just makes me even more depressed about this.

      One of my 2 biggest holdings goes up 35-40% in a day & I'm bummed about it. Go figure...

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