just because things don't move like you would expect them to move this does not mean that there's some kind of conspiracy going on. You just don't get the reasons behind the moves (despite I explained them to you in this case).
Everytime people fail to understand complex situations and events they are looking at higher powers at work. This has been wrong in the middle ages and is even more wrong today.
Get educated and stop blaming non-existing conspiracies.
there's nothing wrong with the company but THIS was a BAD move - selling almost half of the YieldCo for close to nothing. They could have taken in 5x that amount by ipo-ing the stake.
The market expected much more given the recent strength in the company's shares. It is not enough to issue pretty mixed guidance on the call. For another leg higher gross margin guidance needed to be much better. So people are taking their well deserved gains here. I re-shorted the shares in pre-market and looking for $22 today
for sure - but this still should happen but of course JKS will be diluted further beyond their currently remaining 55% ownership. Frankly this was a BAD move compared to what SunEdison managed to create in additional value for their shareholders. I am certainly disappointed. Given all these YieldCo craze in the market (just look at the Terraform Power nonsense hype) the company should have been able to get at least one billion for the 45% stake - if not much more.
why should anyone buy the company ? Their sales in the all important US market are BELOW $50 mln per quarter with the company under heavy pressure there. Any of the above mentioned companies would be better off to stay away from this business or better build its own from scratch. Sell.
no - rest of world especially EMEA looks pretty good but the US is indeed a disaster. Guidance lowered far below estimates and the US business won't turnaround anytime soon if it all. Company is lowering investments to remain profitable which looks pretty shortsighted given the problems in the US business. Debt more than doubled while cash went down further. Company is now in a net debt position and might require a capital raise going forward. SELL.
certainly a HUGE disappointment given the Terraform Power crazyness. YieldCo valuation will rise once additional capital is raised via the proposed public offering.
Ok - product revenues will come in at the lower end of expectations. That's usually not what gives a stock a boost. And Germany refused to clear Juxtapid at first try.
already elevated inventory levels to move even higher in Q3 - analysts are increasingly scratching their heads on the call
analysts pretty disappointed on dual sourcing and margin news - would expect some downgrades here - covered way too early
covered here - FY15 eps guidance looks ok - very nice gain despite being WRONG initially
shorted 5k shares in anticipation of the usual gameplay
nothing to get excited about here
Marcum is a tiny company with just around 75 professionals located in China. Their US exchange listed Chinese clients are mainly small and sometimes shady companies listed on the OTC or Pink Sheets.
As an example Marcum was appointed as the new auditor for Ambow Education in April 2013 following the resignation of PwC (does this sound familiar ?). Despite Ambow being a MUCH smaller company then NQ Mobile it took them 15 months to file their overdue 20-F last week.
Given the low staff level at Marcum and the complexity of the issues at NQ it is hard to see how they will be able to finish the audit in time for the convert deadline
bad work - remember the units consist of one share and just 0.5 warrants...while it was easy to make money here by shorting the shares into the expected offering the easy money on the short side has now been made. At least until their business starts to deterioate again or the market bubble bursts with a bang. This was at $2.50 (my short entry) shortly after earnings and outlook. It might have a few more shaky days after the offering but I firmly expect the shares to move up to $2 (at least) within a few weeks. I covered my short on Friday and went long 150k shares. So let's see what happens.
that's how things go - if investors would have to pay as much as on the stock exchange there would be no argument to buy the offering. I certainly prefer an equity offfering over costly bank debt.
no - as evidenced today with the improving business trends the company has no problems to access the capital markets while AVNW clearly won't be able to raise money currently. AVNW has underperformed their own cash flow projections by a wide amount in the recent past and things have only gotten worse so far.