Tepper is not known as an "activist". He's a whiner. Any disagreement he has with SUNE management should be done close doors and not use the media as his circus.
Since the conference call, things have changed (psychologically) for the better. Potential stock buyback and raising the dividend.
remaining shareholders don't want a ride on his new boat. If you are burned already once, why would you stick around again? He may even sink the ship and let you fend for your live while he calls up his drone to pick him up. :)
That's not a lot of cash when you have to further write down your inventory. In addition, they may have to further reduce their selling prices if the inventory doesn't move. It's a snowball effect. In order for them to be ahead of the curve, they will need to expense mega R&Ds and marketing costs to move the needle. Yet, competition is NOT sitting idle either!! Xiomi? Amazon? Sony? Polaroid? Apple? Point is, why would anyone even need an action cam? My iPhone6 does a very good job. It has its own mounting case.
I have been a bear ever since GPRO went IPO. Camera on a stick was just a fad. I've watched how Cisco folded Flip cameras and knew GPRO was nothing but hype. Furthermore, Nick isn't the CEO type to be running a hyper growth company. The guy may have lucked out copying Flip cameras from the back of his van. He was nothing more than a drive by wonder boy.
GPRO will eventually fold and file for BK. It could be sooner rather than later if Amazon ever does enter this space. Anyone want a "Fire Cam" by Amazon?
The stock buyback will be a flush down the toilet. When I first heard of the buyback, I knew all along that Nick was NOT the CEO caliber type.
It's a dead company! Why do you think Cisco wrote off on the company that made the Flip cameras?
it's a ONE trick pony that has NO innovation.
I think there motive is to drive down SCTY stock since bashing SUNE will have a direct impact on the sector. This is to avoid conflict of interest. Get it?
9200 shares at avg $3.05. Rode it up to $6.65 and rode it down to low $2ish. I don't care. All I know is that the insiders have heavily bought at the $10-11 range. They have MORE to lose and will do everything possible to steer this ship and keep it afloat.
The last time FSLR traded in the teens, everyone was talking about BK. Hello. Look at it now..
SUNE will survive. Don't let the talking heads scare you off!!
Definitely noises. However, the noises coming out of Gordon's mouth on SUNE is an indirect slam on SCTY as we know he and his buddies are shorting SCTY. This way, there's no conflict of interests... Tada!! Perhaps MF is also in on it!!
The bigger question is if Einhorn still owns SUNE after this recent plunge in January..
As you can see, this THUG talks out of his #$%$. He's a no good thug trying to make a name for himself. I've seen his true color while investing in Chinese solars a few years back. To say that SUNE or anyone else having trouble selling off their projects is utterly ridiculous!! SUNE is a highly reputable company in the industry. PERIOD!
SunEdison Inc. is selling three of its major solar energy farms in Hawaii that are worth $350 million to a group that includes D.E. Shaw Group, Madison Dearborn Capital Partners IV LP and Northwestern University as part of a larger effort to get rid of $336 million of its debt, a spokeswoman for SunEdison?s Hawaii office confirmed to PBN this week.
Dont' let a black man rob you of your shares. Once a thug, it's always a thug. He did the exact same thing on the Chinese solars. Guess what? Chinese solars are not only thriving but they too have yieldcos that is generating lots of cash!!
To say that SUNE will have trouble selling off the projects is totally laughable! This is from a guy who is supposed to be an "expert".
I think MF and Axiom are bashing SUNE to get SCTY stock to come down as well. They may not be short on SUNE but perhaps short on SCTY instead...