Management should announce deal is dead
Up until this deal, I think Ahmad did a great job of articulating the future of SUNE and the solar industry. However the market has said, you need to do two things undo the VLSR deal, and start to show a profit i.e clean up the balance sheet. If not his hedge fund friends will turn against him and remove him. We will wait and see.
He reminds me of Dan Dorfmann, who was a stock manipulator who was getting unrestricted shares to companies he touted on CNBC.
Could see 20 by the end of the week now that insiders are buying. Massive short covering. Nothing has fundamentally changed in company. In fact cash and liquidity have improved substantially.
Sentiment: Strong Buy
Sune has sold off in the last three weeks, all other stocks are taking a beating now and short sellers will turn their attention to other stock. Insiders now starting to buy which tells you that we have hit bottom.
It will come after the market closes so the shorts cannot get out. Why would Ahmad help the shorts by announcing something midday.
That is what activist investors/hedgefunds do if they feel the company is undervalued or has a bad business plan.
That is logical if you are looking to purchase a home, not in solar, energy and oil exploration. We will see over time, right now the market suggest they have bitten off more than they can chew. I think they should call off the Vivint deal. That was the catalyst for this fall, the market thinks they are paying too much for the company.
My point is at some point all companies have to take on debt to build the infrastructure. Look at oil companies, oil exploration is a big part of selling oil. Yes agreed they are profitable, but they are also mature business's. Solar is just taking off., before they became these big profitable companies, they were taking on debt and losing money. Just keep in mind the big picture
I agree and over time that will happen with Sune. You can't generate a billion in profits unless you put in the infrastructure. This is what Sune is doing, not for today nut for 10 , 15, 20 years down the road.
Its not meaningless when people are concerned about the debt. Youy obviously are short. A lot of the energy companies have a lot of debt.
This is a traditional gas and electric energy company. The debt is not the issue with Sune nor is the cash position.
Only $7.9 million in cash, will have to sell more stock have a reverse split or do someting.
Karen Finerman feels that since SUNE came down so fast that someone who may be interested in Sune could build up a big stake in a short period of time. The 13D does not have to be filed till the end of August.
Sentiment: Strong Buy