Sometimes love is blind, you just do what feels right, and CSIQ going to 45 and beyond feels right. You know it too but you're too stuborn to admit it. We're not selling so why don't you short away. LOL
Here's the deal, you believe what you believe and we believe what we believe. Let's leave it at that and invest accordingly. Go ahead and short all you want, I don't care what you do. I'll see you at 50 before 30 on the stock price, however.
If you're short you are the clueless one. The market perceives value in yieldcos. As he said look at SUNE and TERP. Then, look what SUNE did with negative earnings simply by announcing another yieldco. Fight the market's view if you want.
Were you not smart enough to cover already? You know, hard headedness will make you go broke. 40 soon, if not today, then beyond.
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.
OK Sport, lol. My last buy on CSIQ was at $19.53. I did take some profits today but still holding a few thousand shares. Will buy back on any dip sport.
Short away! Just let us know when you short so we can hold your feet to the fire as things get hotter and hotter for you.
Nah.......go look last year when it ran from 25 to 41 in six weeks or less. Even at today's price it's got a PE of a little over 8 compared to SPWR which has a PE around 22 and FSLR which has a PE around 16. CSIQ is a great value here and it's going much higher. Sorry if you are short. The earnings when it was $25ish, I sold in low 30's and felt great until it rocketed up. I got back in for the ride to $40 but gave up a couple of points by selling. Holding fast here. It may drop a point or two from here but it will go to $40+ before next earnings.