I think the market has yet to hit its low. Despite the double bottom there has been no true capitulation. I think it needs to test the 1820 level before all is clear. I've moved into some small market short positions through SQQQ and SRTY. Will add to these if I see more deterioration. Would be nice to pick JKS back up below 20. Patience is hard for me but I'm learning.
I sold yesterday at a $26.28 average price. Next week is options exp and the market is feeling overbought to me. Maybe end of day or maybe Monday I think we get some selling. Looking to pick Jks back up sub $23 by next Friday. Good luck.
Every time I try that the stock goes up then I buy it back too soon. I have found that I'm better off to hold and not try and time it.
EBITDA is always bigger than earnings. The "B" stands for before. Earnings before subtracting interest, taxes, depreciation and amortization.
They are not going to try and spin off baba shares without an IRS ruling. Would be disastrous with tax and penalty if they tried it.
I believe it would trigger gain to Yahoo on the appreciated shares. Then, it would be taxable to the shareholders, as well, (unless the shareholder is an IRA, etc).........but still tax at Yahoo's level.
Don't know the answer but that was one of the factors in Goldman establishing the effect of the Yuan devaluation on companies such as Trina. For Trina, they determined an increase of profit equal to 5.6% for every 1 percent decrease in the value of the Yuan. 3 to 4 % decrease in the Yuan this week bodes well. I'm assuming that 5.6% took into account the denomination of debt, manufacturing and export cost changes and I'm hopiing it also included foreign currency effects on sales to China.
Goldman says Trina profits will rise 5.6% for every percentage drop in the Yuan:
As dust starts to settle, we want to know how a cheaper yuan impact the earnings of Chinese companies. Does China Southern Airlines deserve losing 14% of its market value?
Goldman Sachs provided us with a list.
Two mining companies Zhaojin Mining Industry (1818.Hong Kong) and Zijin Mining (2899.Hong Kong) will benefit quite a bit from a cheaper yuan. Goldman estimates that for every percentage depreciation in yuan versus the dollar, Zhaojin and Zijing will see their earnings rise by 8.7% and 8.3%. Yesterday, Zhaojin and Zijing rose 5.7% and 8.5% respectively.
Solar company Trina Solar (TSL) is also a major beneficiary. Its earnings will rise by 5.6% for every percentage drop in yuan.
The tariffs apparently are retroactive, otherwise a reduction for the 2012 case would be meaningless. So, a positive for the 2012, a negative for recent and going forward. Will those be recognized this (3rd quarter) when CSIQ became aware or for past quarters? Thanks.
Or the opposite. SPWR has a PE of 31.53 (per Ameritrade) and CSIQ has a PE of 8. If SPWR acquired CSIQ for $75 a share, in theory CSIQ's $4 earnings would add another $51 value per share to SPWR. That would be value added to SPWR of 6.78 Billion at a cost of $4.18 Billion acquistion cost. Would neatly manufacture $2.6 Billion in value by the combination alone.
Actually, understanding the yieldco strategy, I thought FSLR's drop was unwarranted and I picked up a few thousand shares of FSLR at $56.57 BE and I'm quite happy with the prospects. I see a $10 rise in the next 6 weeks to go along with my CSIQ where I see a $5 rise in the same timeframe.
Baba is going to test 50's 60's before it rises again. That's my reluctance on buying Yhoo. Plus, the Spinco does nothing to solve the tax issue, the tax carries over to Spinco. Smoke and mirrors.
Good morning Sport, how's your morning looking? I suppose you are going to tell us that you covered in premarket at $34.20? I would expect that from an astute trader like yourself.
Said my last buy was 19.53. My average was in mid 20s. Held them down to the 18's bottom and continued to hold 10K shares until 30s and started layering out. I did OK. It may pull back some at which time I will buy back for the ride to $45.