They start a streaming business. Try to knock NFLX in the 70s-80s then they buy. This is the oldest trick in the books. Apple can't built a streaming business just like MSFT couldn't. They have to buy NFLX.
One would think they would pick off another oil company in this downturn like when they bought Mobil in the 1999 downturn. But that would be stupid now as there is a strong movement to solar. I think they will surprise everyone and go for the biggest solar company, SUNE!
The deal with Dominion shows they will have no trouble getting partners to expand business. More deals have to becoming because solar is growing 20%-30% a year. Every time a deal is announced shorts are in trouble. Once earnings season is over they have to tough it for another 3 months.
Maybe their quarter runs from April to June and they knew in advance the full loss.
Think about it. May and June financials were done and company knew what July was going to look like by the 20th. So what does this mean? They can handle the purchase with the loss and doing what they think should be done or are a bunch of fools. I will go with the former since they are executing well. The CEO has skin in the game with plenty of stock. I'm sure he is listening to what the market is saying and will pull a 180 if he sees any miscalculation on his part.
Sune is being taken down since hedgies knows this means it costs less $ to buy Vivant. Brilliant. Then SUNE will rise. This is the oldest trick in the book: Arbing SUNE and Vivant.
In Q2 they start building solar projects after the winter but they will be selling them around November getting hundreds of millions of dollars. I've seen this happen time and time again year after year. That's why they have the big losses, they doubled in size. But you wait till Nov. They will sell twice as much!
Doesn't anyone understand the reason the stock is tanking is so the hedge funds can take out the stop loss limit orders? Then stock reverses and they double money. This is what happened last October..
Maybe he will sell some projects to get some net income for q3.
If it was big name, respected company who could push the clean energy agenda forward then I think it would be a good thing for the company to be in stronger financial hands.
The losses are just tax loss carry forwards in a buyout. Solar lovers like Buffet and Google could come in and buy the company and get the #1 company in the industry.
I was right and I sold for a profit. Buy around here. Everyone will be in a better mood Nov-Dec; retail will be loved and will rally as they usually do.
Split adjusted only 8 million shares traded with an hour to go. Two earning ago it was 100 million. The pros are just waiting for kids using daddies money to buy shares at these levels and them dump on them.