The market has spoken. No mo money for SUNE management to buy installers making with 80 million in revs for 2.2 billion.
Dear lord! 2.2 BILLION for a company that has 22 million per Q in revs???? LOL!!! This is an instagram price for a sell and install biz... Oh god. lord. Mamma, its the big one!
and is a going concern. You should buy VLSR. You get 9.89 in cash, $3.31 in stock and $3.30 in notes for every share of VLSR held. Great deal right???
Company is getting less then half the profit margin they SAID they would for their projects. The idea of cash flow positive or 'profitability' are not happening at 9% margin. Blackstone is try to offload a dead POS VSLR on to SUNE. Management was given a credit card by Wall Street and they went off like a drunken sailor... Sad. We really need these solar power plants. But we need them run by adults. Sold my shares yesterday at 5.07 (tiny profit) and selling my kids shares at a 37% loss. Good luck.
Johnson believes investors have lost faith in management’s forward guidance. The company had indicated on October 7 that it would sell projects of 50-70MW into the third-party merchant market during 3Q15 at gross margins of 18-19 percent. However, SunEdison sold 41MW of project at a gross margin of 9.6 percent, on a GAAP basis, significantly missing its guidance.
bummer they can't get cost under control. Too many crazy deals. They need to announce that they are walking from all BS deals.
Thats horrible logic. They also lost 52 cents on every dollar sold.
Company is sleep walking into BK. Thats too bad. CEO talking in emotional terms "boring"...? What? What were you doing on your manic buying spree? Obviously ping ponging around not sure what he is doing.. UGH!