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SunPower Corporation Message Board

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  • corgiwolf corgiwolf Apr 29, 2011 8:11 PM Flag

    SPWRA/Total deal is horrible

    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...
    GLTO.

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SPWR
35.64-0.47(-1.30%)Sep 29 4:00 PMEDT

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