How much is $2.38B in cash worth after you consider that they also have $11.7B in debt? Negative $9.3B or negative $29/share. ROH OH.
Are you seriously comparing Google and Apple, two companies that are hugely profitable, to SUNE? SUNE, a company that has not shown a profit in 5 years?
Since it looks like many of you don't know where to find the balance sheet of SUNE. It's right here on Yahoo finance. Go the to SUNE page, go to Financials on the left bottom side, select balance sheet, and select quarterly data for the most recent balance sheet. You're welcomed.
The FMV is $3.25/share based on Wednesday's close. The book value is $3/share based on the last 10Q. Looks like it's trading where it should be.
Look at the 10Q or look at the balance sheet on Yahoo finance. The excess of assets over liabilities is approximately $1B. On a per share basis, that is around $3/share. It's not that hard.
See my post on the actual fair value of SUNE. I wanted to see how many dummies where on this board investing in SUNE. Apparently, there is a lot, including you.
LOL at you downvoting me because you don't know how to read a balance sheet. That is like the most basic of basics in investing.
Assets net of goodwill = $20.2B, Liabilities = $19.2B so book value is approximately $1B . Divide this by 317M shares and the book value is $3 per share. This is easily found on the quarterly balance sheet. Laughing at all of you who somehow thought this was worth $28/share. This is why you have lost so much money in this company. Do some basic research. It's not that hard to read a simple balance sheet.
Now that I have gotten your attention, the fair value of SUNE is not $9B, it's $937M. Assets net of goodwill = $20.2B, Liabilities = $19.2B. Divide this by 937M shares and the fair value is $3.02. This is easily found on the quarterly balance sheet you dolts. Fair value is $3.02 period.
What big investors are supporting this stock? The latest news is that they've been bailing out of it.
Now you guys see why DB had these ridiculous price targets that were so off from reality. They needed SUNE to survive long enough to get their cash back.
"SunEdison said on Tuesday it has repaid all but $5 million on a $410 million margin loan the company took out with Deutsche Bank in early 2015 when financing its $2.4 billion acquisition of First Wind."
Looks like DB got their money back so they don't need to prop up SUNE's stock anymore. Enjoy longs.