The Saudis plan to spend 100 billion dollars on solar;. Its cheaper to generate electricity with solar than to use oil. It is logical they they would buy Sune rather than outsource the work. They would go with the #1 company in Solar for their buyout.
At 80, NFLX will have a market cap of $35 billion. That's down from $52 billion at 130. A 50 point correction is like a 350 point correct pre stock split. With 100 million total subscribers in another 4 years and in 200 countries I really can't see this going to 50 or 60 like others suggest.
That 560-840 pre split for you home gamers. I see stock hovering around 100. It will be up on news like expansions in new countries. Down when Apple. Amazon, Hulu has streaming news. Traders can do good since it moves about 5% every day. They will do as much as possible to keep it near 100 and sell spread options at 100
1. It's probably the only purchase Exxon can make to move the needle
2. Exxon needs to make a big purchase at oils low since alot of their projects in the future won't make any money below $90 bbl.
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.