Agree with you generally but, in many states, the shares revert to "authorized but unissued" automatically. See:
AR Code Annotated 4-27-631. Corporation's acquisition of its own shares.
(a) A corporation may acquire its own shares, and shares so acquired constitute authorized but unissued shares.
In some other strates they do become treasury shares but can be cancelled and revert to "authorized but unissued" shares by resolution of the board of directors.
Not sure either of the above matters to the point being made on non-taxability.
I'm not agreeing that this is likely but, it is the only way the baba shares owned by yhoo escape permanent taxation. Baba buys yhoo stock, sells off the other businesses (which would be taxable), then liquidates, bringing the baba shares held by yhoo up to baba where they essentially revert to authorized but unissued shares in a non-taxable subsidiary liquidation.
I'm not sure either. I assume he got it right but I haven't seen the actual Deutsche Bank call. I was hoping your information was correctd.
There is a Sunday Benzinga article by Wayne Duggan saying Deutsche Bank has a buy on Trina and saying the following:
1. Trina Solar Limited (NYSE: TSL)
Analysts predict strong 4Q14 earnings numbers from Trina Solar after checking with customers and other participants in the Asian supply chain. Deutsche Bank estimates a 13MW UK project sale in Q4 and a 50MW project sale in 1Q15, both above consensus projections.
Analysts lowered their price target for the stock from $15.00 to $13.00.
Not much of a trader myself. I rode it from $39 to $47.50 and got out a couple of months back. Then I've been in and out since. Can't quite get those $2 swings right, only getting about 30 or 40% of that, leaving a lot on the table but if it's positive I'm not complaining. Good luck to you.
Now just $8 down to go to hit Friday's max pain number of $40 which is showing on the Yhoo max pain calculator. I'm definitely a buyer if it drops. I just can't figure out why it's dropping now and why max pain is so low this Friday. Still looking for thoughts.
Still curious why the max pain for this week's expiration is so low at $40. I can understand a dollar or two but $9? Can someone educate me on this please? Thanks.
I'm not options expert nor do I fully pretend to understand the max pain computation. I've always thought you could take it or leave it, although some stocks seem to end up on the even number of max pain more often than not. Yhoo's max pain on the Yahoo calculater has been $49 to $50 the last couple of weeks. For next Friday it is currently $40. Any explanation as to why it has dropped so much for this week?
In addition to 1031 not applying, if yhoo uses baba shares to make a purchase gain is triggered to yhoo on the baba shares.
Section 1031 does not apply to stock or currency so if Yahoo uses BABA shares or currency it will be a purchase not a tax free exchange.
Trina's rate was reduced to 1.82% from 18.32% for imports from May, 2012 to November, 2013. Subsequent reviews may impact imports after. I would think that this should provide an income and margin pop bringing back this amount for these 18 months. Thoughts? See PV-tech for the article explaining this.
On Monday there was also an article, not reported on Yahoo, that CSIQ had sold two utility solar plants to Renewable Energy Trust, and Shawn Qu was quoted as saying the third sale would take place early next year. Now if you google "Renewable Energy Trust and Canadian Solar" you will find reference to that sale but the articles are no longer available. Strange happenings.
Doesn't Apple have all of its manufacturing in CHina? At least CSIQ has some in Canada. They behave more like an SPWR than a JKS. Call it what you want but it will eventually be valued correctly more akin to SPWR. Who cares where they manufacture (think Apple).
Will someone read that and explain to me please? It's about the goofiest thing I've tried to read. Solar demand is slowing and polysilicon prices will correct lower? Seems like lower polysilicon would be good for solar and, as I recall, Trina is running full capacity and can't make enough panels. What am I missing or is Johnson getting desperate and just trying to spread fear?