this will trade around $1.50 later today - listen to the call any you know why. Leaving the commercial space, running low on cash again, no forward guidance. Next quarter's revenues might come in around $15mln
Roth the first to downgrade this morning - target $1.85
still a good chance to make money shorting the shares in after hours. Shorted 30k shares and looking for $1.50 tomorrow once analyst downgrades kick in
lol lol lol - what does this joke of a company might have to offer a proven industry leader like Solar City ? Get out while you still get a lot of money for worthless shares.
what a disaster - management hasn't really answered a single question on the call so far.
selling commercial projects at a huge loss brought in $15 mln in revenues for the quarter which will be gone going forward. The company will operate at a quarterly revenue around $20 mln and continue to lose money (which they don't have). This will end up in chapter 11.
look at the cash position - another offering is just a matter of days. This will end up in chapter 11 and this is well deserved.
company goes back to remain a residential solar installation company. Hard to assign any value to the equity here.
they bought bummed out competitors mainly to access their remaining cash positions and to a lesser extent enter new markets but clearly this was an ill-fated strategy.
that's no real loss - they have the upfront costs but harvest the cash over the lifetime of the leasing arrangement. That's just the way leasing works. RGSE leases nothing, they just do project work so far. And they lose REAL money.
nice one - while revenues will come in significantly higher than the one analyst estimate (most likely due to the inclusion of 6 weeks of Sunetric revenues) the latest acquisition spree fires back on the company quite rapidly. Obviously legacy projects brought heavy losses and the need to impair the ENTIRE goodwill of ALL acquisitions made within the last twelve months. The charge will eat up the remaining shareholder equity on the balance sheet and leave the company in dire straits.
The Company expects its net revenue to be in the range of $34 to $36 million for quarterly period ended June 30, 2014, compared to $20.7 million for the quarterly period ended June 30, 2013. The Company expects its net loss to increase significantly for the quarterly period ended June 30, 2014. As a result of its negative financial performance, the Company is evaluating the fair value of its goodwill and other assets as compared to their carrying values. Because the Company has not yet completed its purchase accounting for its business acquisitions done earlier this year, the Company has not been able yet to complete this impairment evaluation, but anticipates it will record an impairment charge in the range of $18 to $20 million. The Company estimates that its net loss for the quarterly period ended June 30, 2014 will be $20 to $22 million, compared to $2.9 million for the quarterly period ended June 30, 2013.
NO institutional buyer would ever touch this reverse merger scam. The company has a very murky history and shouldn't be touched AT ALL. Interest costs are up substantially due to the new wholesale strategy which will ultimately fire back on the company once the oil price picks up volatility again.
estimated por-forma net income effect just around 15%
a poor deal - shorted a huge amount of shares
I guess MNST management knows exactly why they don't hold a conference call to discuss this ill-fated transaction. Would expect several downgrades tomorrow for MNST.
Coke unloads its struggling energy drink business onto MNST and pays a $2 bln penalty in return - AND takes away all the non-energy brands of Monster leaving the company a one-trick-pony. Sell.