Chump, there is a thing called Google. Try it out you may like it and find current information and news about SDRL like the additional 1.3 million shares JF bought yesterday.
And we have a new 13d filer. This is good news while we wait for the year end report. In addition KFS just bought more shares of PIH in open market purchases. Anyone out there involved in these two investments.
Joe, there are a lot of moving parts here. We have oil prices already taking another dip down. Putin was outright defiant in today's speech and showed no signs on backing down blaming Europe and the USA for Russia's problems. So this stock could go down again but if you are looking long term this is by far the most undervalued intergrated oil company by a wide margin. GAAP book is over $100 a share. Having said this I am still nervous with this position because of the #$%$ Russia pulled in 1998. On the other hand they joined the WTO in 2012 and any grabs would destroy them for any future investments from the west for a long long time.
Obviously the unlimited demand in China that Musk talked about never materialized. The firing of two key China executives in one year plus today's news points to trouble. I doubt they will meet their year sales forecasts.
Discussing the gross margin charade. The longs have been unable to come up with coherent rebuttal . So as usual they resort to name calling etc. LOL
Sold it . Now have a go fast CC. However I repowered the Bertram with twin 4 cylinder Yanmar diesels that burned 6 gallons a hour at cruise ( 12 GPH combined) . Cruise was 28 mph. Very economical.
If the OP posted a untruth then he was simply following the mantra of the Tesla management team. Lie, confuse and deceive under all circumstances.
Are you not leaving out the billions of $$ of dollars they will be sinking into the Giga farce. From what I have read the partners never materialized and they will need to put in the bulk of the money. I think their share will be like 4 to 5 billion.
Google Tesla Giga factory and you will find pictures of the construction site. It looks like they have broken ground and are working on the foundation. If they stop working on this project than the gig is up because many eyes are watching. Elon will have a lot of splaining to do. I can hardly wait to here the delay excuses. Where are all the partners that were supposedly biting at the bit to fund this this thing?
There has been almost no conversation on how Tesla will come up with the additional $ 2 to $ 3 billion needed to construct the giga factory. We know the cost is estimated to be $5 billion and Panasonic has agreed to run it and supply the equipment which is estimated to cost be $1 billion. Since no other partners have materialized it looks like Tesla's share is $4 billion since they agreed to fund the construction of the building. They have $2 billion in cash which is decreasing every quarter plus at 9/30/14 they have a current assets that are dwarfed by their current liabilities. So being generous where do they get the other $ 2 to $ 3 billion of cash needed ? As a side note Panasonic's commitment comes in after the construction is completed and is staggered as more equipment is supplied on a as needed basis. So Panasonic is really in a wait and see mode and really has no skin in the game.
As usual they fail to mention that that they have $850 million in accounts payable and current liabilities that eats into all the good stuff they mentioned. I repeat they need to raise a bunch of money n
ASAP while everyone still has their rose colored glasses on towards this company. In another few quarters they will be desperate .
This is a classic case of taking on to much at once. I think 2015 will be very enlightening . I also think they may have a rough time with this years audit. We shall see.