CSIQ is holding a Job Fair for its Guelph plant at a local hotel on Thursday,ja\Jan. 29,2015. Usually when a company holds such an event it is in anticipation of bulk hiring.
To-day ,on Sunday,25 , the parking lot was full indicating maximum capacity output.as was the case through much of December..
Drove past the Guelph,Ontario today, Satturday Jan.24th and at 2;15 the parking lot was full.Also saw a sign foe a coming Job Fair.Ihe fact is, things are booming at this plant.Will try to elaborate more on Job Fair on Mondaty.
You might like to know that all 20,528,700 shares that were short on Dec.31 plus those that shorted in Jan. are know losing money with the stock at a new high.
Volume to-day totaled 5,388,000 shares representing 9.8% of the total shares outstanding and 13% of the float.This did not occur because a significant number of existing shareholders similtaneusly decided that crude oil was going down and it would have a negative impact on CSIQ's earning.
No. It was the result of a combination of day traders,high frequency traders short sellers and naked short sellers joining forces to create a downward manipulation on the stock.
Earnings for AAL for 2015 are now $9.92, up $1.54 in the last 30 days. Meanwhile the stock in the same period is up less than $1.00.Look for an explosive catch-up next week.
Sentiment: Strong Buy
Coinsiding with rodays presentation at the Needham Growth conference by CSIQ. is a summation of the presentation on the CSIQ website.In it, is guidance for the 4th Q.It gives a range for sales and margins. According to my calulations,it shows a range o f$1.31 to $1.55 for the Q and $4.08--$$4.32 for the year.Concensus is $4.10 so the probability of a beat is high.
In spite of getting a double out of AAL in 2014, I believe that there is another 40-50% left in the stock.Lower fuel prices is taking the focus of major merger savings that are projected for 2015.Expect further earning estimes for 2015 by March.
Although I like AAL for the coming year,my homerun pick is Canadian Solar9CSIQ).
Latest short poition as at Dec. 15 totaled 21.9 million shares . With the current price of $51.80 and the 12 month high of $51.88, it means that virtually the entire short postion are losing money Bodes well for a great January for the longs.
Not a triple top but a breakout. Technical target of $73.50. Short interest to be announced after the close.It looks like the entire short position will be in a loss position. Go AAL
With the sale of 2 solar power plants recently. one of 10MW for $56 million and another of 20MW for an undisclosed amount.It is possible that by the end of the 4th Q. cash coulld reach $10.00 per share.Cash at the end of Sept. 30 was $7.42 per share.With $10 in cash and 2015 concensus estimates of $4.28 and a high estimate of $4.83 in 2015 ,,CSIQ is an extremely cheap and oversold . As a result I added to my position at $21.50.
Sentiment: Strong Buy
Yes,someone is buying. Unfortuneately it is the same persons that are selling. In the past 11 trading days 38.7 million shares traded or more than the entire float,Considering than institutions did own 46% it is obvious that CSIQ is being churned in a manipulation.a word that the SEC does not understand or even know how to spell.This does not even count the huge volume that occurred following the earnings when 32,3 million shares tradedin 2 days..I expect this pattern to revese going into the New Yearand the stock will reflect the $4.50-4.75 earnings that will be reported in 2015.
Sentiment: Strong Buy
In the pas t30 days WTI has fallen by about 18% ,from aprox. $80 to the current $66.07.According to Yahoo Finance esimates for AAL have risen fromm $1.50 to $1,52 for the 4th quarter and to $5.70 from $5.68 for the year 2014. Concensus target price is $56.
There are many ,many more estimate increases and revised target prices to come before the 4th quarter is reported in late .Jan
Yahoo's 2015 estimate for AAL is curantly $7.39 up only $0.09 in past 30 days.Meanwhile WTI has fallen 19.6% from $82.25 to $66.15 at Fri. close.Watch estimate soar as analysts play catch-up.
Oil as a source of electricity is nealy insignificant accounting for only 5% of the world's electric supply and only 1% in the US..The only relationship of the price of oil and its effect on the price of CSIQ is a misconception in the mind of the shorts.Natural gas is the energy source for new electric plants,not oil.