SunEdison, Inc. (SUNE) has continued to drift lower and is now down almost 90% from its 52 week high. Shares of the solar company have been beaten down as investors become more concerned with the amount of debt on the company's books. One thing to note however is that the float is nearly 30% short meaning that any short term momentum could be the start of a parabolic move as shorts look to cover their positions and lock in gains or protect against further losses.
Arthur Frentzel article on seeking alpha lists assets. cash on hand 2.38 billion which equals $4.40 share price just for the cash aspect.
I live here. Don't even bother trying to reason with these people. The conversation is that Orcas are slaves and have been denied their rights.
Its beyond crazy
California should divest in San Diego. Nut jobs out here just keep up the assaults with the Coastal commission being the latest.
Just look up Voice of San Diego and the commentaries on the subject. Sea World is up against the land of fruits and nuts
as per .nasdaqtrader
The securities underlying the Series E Convertible Preferred Stock include 10,896,000 shares of our common stock issuable upon conversion of the Series E Convertible Preferred Stock and shares of our common stock issuable upon the exercise of the Series C Warrants.
Amen. Way overdone.....
“Despite market softness in small cell and some temporary excess customer inventory to work through in WiFi, we experienced only a modest sequential decline in total infrastructure revenue in Q2,” said Ron Michels, chairman & CEO. “While we continue to make progress in our core infrastructure businesses by launching new products, earning new design sockets, and gaining new customers, we expect the widely reported market softness in CATV and small cell to persist through the end of 2015. We believe the softness in both markets will subside in 2016 as deployments pick up steam. Most importantly, we are prepared with broad design-win penetration to meet the demand when strong market growth does, in fact, return.”
“To address the impact any core market softness may have on the Company’s financials, we are exploring capitalization options that may provide adequate cash infusion over the next twelve months,” said Terry Gallagher, executive vice president and CFO. “We further believe that if such a cash infusion is secured, the Company financials will be adequately strengthened to a level that mitigates any going concern risks that may arise as a result of continued infrastructure market softness. With a sound long-term growth plan and solid company execution, we expect any new capital infusion should contribute to the long-term value creation for our shareholders. While we are optimistic, we cannot guarantee at this time that we will be able to secure additional financing on satisfactory terms or at all.”