I hope you're right. Currently, I'd be most happy if it can make its way back to $35. This should not be a problem at all assuming earnings is good.
that is the only thing I can think of causing JKS to be so obscenely weak. Will gross margin be affected?
How often do you get a price target raised after a secondary?
Research, sorry for the previous post. For some reason, yahoo wouldn't let me copy and paste your statement.
You mentioned that if this is what JKS got and this is what the money was used for, you think we would shafted.
Could you explain that?
Research, you said that,
Why or how is that we get shafted by this? Isn't it good for us shareholders if JKS is using the extra capital to increase production? THanks.
No I don't think so. The gap will close once earnings is here. I think this is normal trading in a weak market as well as after a recent secondary?
It generates the greatest profits and its secondary offer I nearly 15% over current price.
Research, do you think we may have already hit the low in the upper $27s already? Or do you think we may dip even lower before the rise to the $40ish level? I guess it all depends on the market, but JKS just has too many good things going for them. The closer we get to earnings, the more the spring upward gets coiled. IMHO
Research, what's your target price at/post earnings? Do you think mid $30s is likely as well? I know you're ticked off with their secondary offer, but how else would they raise capital to increase production? Now if they were not profitable and doing secondary(s), then that would be a different story. But at least we should be glad that JKS got a very good price before this downdraft took place.
Research, I'm just as #$%$ as you, if not more, about the stock action. I lost so much this week, but JKS trade in a very very volatile nature. You can't compare SOL to JKS. Look at where SOL is trading today vs. JKS. I still believe that when we are close to earnings, JKS will be in the mid $30s and at least that after earnings. I think at this juncture, it is more wise to hold than to trade JKS. I think most people were saying the same things back in Dec when it hit $25 then only to retrace to a new high of near $38. This time, it will be near $40 when it comes back to life.
Research, the market is not doing so well either. In fact, we were doing pretty well for a moment even when the market was down. I think in the end, it's all about earnings. My bet is that we will be in the mid $30s by earnings time.
ATTAC, are you worried about the possible 10GW reality instead of 14GW for 2014? To be honest, no one really knows, but 10GW is the worst case scenario. Lets say if that is true, how drastic will that impact JKS's profit and share price? Thanks.
I think $100 may be a little high. Lets say they can continue to make $5 EPS and with a PE of 12, we're looking at $60 which is still an excellent price. However, maybe by that time, the public may be more aware of the viability of solar energy and with an "irrational exuberance" it may get pushed up?
Research, I disagree with you on JKS's share offering. They did a great job with that. Even the analyst said so and raised the price target to $45. Now if they low balled the price, then that's a different story. Their balance sheet is a lot healthier now and that should earn a few points on the PE valuation.