Here is one and please check to validate. Institutional trading revenue for a 3 month trading period ending Sep 30 is about $24 million. Take about 15% of that for this client X that caused the fiasco and you get about $12 million. Times that by 4 and you get a rough number for the yearly revenue from the client X, which is $48 million. $48 million would seem like a drop in the ocean of $489 million generated in 2013. Well, it actually comes to 10% decrease.
Their last quarterly filing said that the largest client comprises about 14% of the company assets. Granted the client assets are simply the cash equivalents on their balance sheet, 14% of $1.7 billion in cash gives us $238 million. $238 million is close to the reported loss that started this whole fiasco. Therefore, the largest institutional client is the one that went under. Suggestions and inferences are welcome.
I dont think there is a doubt that they are benefiting from lower input costs. Question is, will it be a surprise factor on the next earnings call. I really gotta do my homework and find out how much diesel they use.
I never did the math on that. However, they did hedge. So a portion of it might be locked under a fixed price.
You take great logical leaps and that is problematic. In the 50's there were many many things dreamt up that never happened. Many false predictions that never happen just get forgotten. Why is it hard to remember most of your dreams? Because their are meaningless and have no relevance and they are many too. Hence the term "dreamer of dreams". Those things you see today that were dreamt up in 50s are a tiny minority from all the things that were dreamt up. As many things you see today from the 50s, they are an insignificant drop in the ocean of meaningless thoughts that will be forgotten. And that is evolution for you. You only know about things that happened.
"But but, solar is happening and will happen. you will see!" Sure, we believe you.
I cant wait till the day I can fly my car to work. I was watching this futuristic documentary science program, on Discovery channel, of how things will be in the future and I was blown away by all the inventions that were not yet invented.
I ask the same question. I also ask how do any of mining companies stay alive so long with negative earnings quarter after quarter. Cant recall last time nem had a positive earnings but their existence goes way back. They keep cycling. I cant explain how some stocks manage to stay alive.
Every hour of every day the USA burns over 100,000 tons of coal. These rates have been on the rise since we started recording. Then a dreamer of dreams came and suggested something else. Scratching my head. Hmm, which statement should we believe?
Dont think so. Now consider the following. EIA coal prices corrections are in and they show further weakness in spot prices. BTU and ACI and other coal players are responding the same way to common news. Doubt earnings leaked about all at the same time.
Was watching The Wolf of Wall Street and this stock came to mind. Just like the typical pink sheet penny trash stock that would be pumped out of the boiler room.
Solar companies get a terrible diarrhea. SLTD down more than 10% today. As mentioned before, solar is but a shadow of fossil fuels. Whoever loves solar, should start loving high fossil fuel prices. Whoever is new to this concept will soon learn how solar follows commodity prices.
Question begs to be asked: Was the democrat too much of a donkey to allow a label like that?
Elephant vs Donkey. Elephant was chosen for Republicans for its wisdom and memory, for you need memory to be wise. Donkey was chosen for Democrats simply for being a donkey. Donkey, an animal not worried about to tomorrow. He eats the hay in front of him and is happy. Personally, I don't mind picking certain democratic candidates. I do feel history is important though. Those party icons are still in use today.
Let me correct you again. Nobody bashed solar on the coal message board until you and your cohorts came. The post was for the strange bird like you.
That is one way to do it. Every time your solar stocks under perform, look at stocks that do worse. Not exactly "Aim for the stars" type of mentality.
dont think this board has been worried about pump at the top. We are far from the top. To the contrary, investors on this board need to worry about getting scared out of their position and sell at the bottom.