I keep that in mind,
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mystocks24 • 1 second ago Remove
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l like it when awzzh/w/o/l/e/s nd p!um!p!er!s $ sell nd move on
Even though l am the biggest loser here
Surprised why this crash didn't happen last week, daily chart looked soo sweet. I.tink sellers didn't like the fact they are shutto g down commercial nd lower gross margin ideas
New ceo is a huge positive
Cutting workforce % 19 nd increased rev is also a big Positive
MF moffid is gone now
Let's see how they will solve the cash issue
sociates, a publicly traded equipment leasing company.
Lacey also previously served as CFO of two multi-billion dollar publicly-traded companies, TeleTech and CKE Restaurants, as well as head of capital markets for a private investment firm engaged in aircraft leasing and alternative asset management. Earlier in his career, Lacey was an audit partner at Coopers & Lybrand.
David Belluck, RGS Energy's chairman of the board commented: "The board of directors has evaluated our company's prospects and we've determined our best opportunities for realizing greater shareholder value reside within the residential solar division. Given Dennis' highly successful career accomplishments—particularly with turnaround situations and more recently his strong leadership of our residential division—we have identified in Dennis the essential experience and skill set needed to return RGS Energy to profitability as we focus more on the residential segment of our business."
"Additionally, Dennis' deep knowledge and executive experience in public and private equipment lease finance companies will help us further develop this higher margin residential solar business," added Belluck. "The board and I thank Kam for his contributions and wish him success in the future."
Lacey commented: "As president of residential over the last few months, I have been fortunate to have already built effective working relationships with our employees while gaining essential knowledge of the operations of our business. So, I am able to 'hit the ground running' as CEO to immediately set into motion the initial steps to transform our business into a stronger and more profitable solar enterprise."
"I'm also fortunate to have played an instrumental role in the successful turnarounds of three public companies involved in the industries of equipment leasing, QSR restaurants and call centers," said Lacey. "Two of those industries are directly related to our future plans; we plan to use our own call center to reduce the cost of customer acquisition, and we plan to incorporate leasing into our strategy to broaden our financing capabilities and generate a new source of recurring revenue."
About RGS Energy
I saw 140k ask cleared at 3.30
No clear reason why it opened higher and stronger while other shippers are flat
Except sblk strong action
A total of 16 dry bulk vessels were chartered to export thermal coal cargoes to Indian buyers in the spot market last week. This is the largest amount chartered in over a year, and has contributed to the recent strengthening in panamax rates. The last time 16 or more dry bulk vessels were chartered to export thermal coal cargoes to Indian buyers in a single week was during the Week Ending March 15, 2013. Indian power plant coal stockpiles remain at critically low levels, while electricity demand in Indian remains robust. Coal stockpiles at Indian power plants have continued to decrease and now stand at only approximately 9.5 million tons. This is an extremely low level that is down by 6.6 million tons (-40%) from the start of the year. It is also 13 million tons (-58%) less than was stockpiled a year ago.
Hydropower production in India also remains relatively low, and a very weak monsoon season this year has caused hydropower production to see no year-on-year growth last month. Only 13.6 billion kilowatt hours of hydropower was produced in India last month. This is the same amount of hydropower that was produced in July 2013. Unlike thermal coal derived electricity production, hydropower production did not see any year-on-year growth. In contrast, 72 billion kilowatt hours of thermal coal-derived electricity generation was produced in July. This was 8.3 billion kilowatt hours (13%) more than was produced in July 2013. 13% year-on-year growth!
Overall, thermal coal-derived electricity production is continuing to surge in India and is leading do an even greater demand for thermal coal imports. A surge in vessels have been chartered to haul thermal coal to India during the past few days as a result. This has most affected the panamax market, and has contributed to panamax rates increasing by 10% today. A small amount of capesize vessels have also been chartered to ship thermal coal to India, so the increase in Indian thermal coal import demand
They didn't crash this today
Some will say because of strong market rally .scty almost closed flat so they could easily crash this to $1.70s we found. A strong support
That means impairment charges already baked in($6 to $2 crash )
Little good news will spark a.rally to over $3
Little better news will take us to $4
Breakeven or profitable q or $5m revenue next q ?
You tell me lol
Good luck to all
After seeing x nd MSFT climbed up after charges I m more optimistic nd long 40k well underwater
Basically rgse overpaid for companies it acquired
Look at another example X
Stock kept rising after this news
Steel reports third quarter loss on goodwill impairment charges
Mon Oct 28, 2013 8:49pm EDT
Oct 28 (Reuters) - United States Steel Corp swung to a third-quarter loss as the steel-maker took an after-tax goodwill impairment charge related to a writedown in the value of two of its North American units.
The Pittsburgh-based steelmaker took a goodwill impairment charge of $1.8 billion, or $12.24 per diluted share, as it was hurt by a prolonged slump in steel prices due to overcapacity and a weak global economy.
Shares of the company fell about 5 percent after the bell from the $23.42 close in the regular session Monday on the New York stock Exchange.
Chief Executive Mario Longhi said that fourth quarter operating income will decrease due to planned maintenance outages in the company's flat-rolled segment. The steelmaker's European segment, however, is expected to return to profitability from a loss of $32 million in the current quarter, helped by higher shipments and lower maintenance costs.
The net loss was $1.80 billion, or $12.38 per share, for the third quarter ended Sept. 30, from a profit of $44.4 million, or 28 cents per share, a year earlier.
U.S. Steel had warned earlier this month that the goodwill impairment charge - $1 billion at its North American flat-rolled unit and $800 million at its Texas operations - would lead to a big third-quarter loss.
On an operating basis, the company posted a loss of 14 cents per share.
Revenue fell more than 11 percent to $4.13 billion.
Analysts on average were expecting the steelmaker to report a loss of 43 cents per share on revenue of $4.32 billion.
Income from the steelmaker's flat-rolled segment, by far its biggest unit by shipments, rose to $82 million from $29 million, a year earlier.
A lockout shut down raw steel production at U.S. Steel's Lake Erie works in Nanticoke,
er”, said Commodore.
It added that “going forward, demand for capesize vessels is poised to rise even further as both Australian and Brazilian iron ore production is set to rise much further through the end of the year (the most significant element is that Brazilian iron ore production is set to rise by an extremely large amount and much less capesize vessels are available in the Atlantic basin — discussed in greater detail below). Coal shipment volume is also increasing in both the Atlantic and Pacific. European coal port stockpiles are at lows not seen since April, Indian power plant coal stockpiles are at critical lows, and China’s annual seasonal rise in rainfall (and hydropower production) is coming to end. Demand for coal in Europe, India, and China has increased this month and is set to find greater support during the upcoming months. This is supporting the capesize market, panamax market, and handymax market”.
According to the US-based analyst, “in total, 10 dry bulk vessels (including 9 Capes) were chartered to haul Brazilian iron ore cargoes in the spot market last week. This was 4 more than were chartered during the previous week and the most chartered in any single week since the first week of July. Vessel availability in the Atlantic basin has already been tight and the increase in demand for vessels to ship Brazilian iron ore cargoes is leading to a strong increase in capesize rates. Much more Brazilian iron ore will be exported during September through the end of the year, and capesize rates are set to rise to much higher levels this year. In particular, Vale’s total iron ore shipments during the second
reader respond to tnmile comment on Russian coal ban in eu
You misread the report. Ban on Russian coal shipment ban HELPS dry bulk market. Europe has to import coal from coal exporters located much further away.. lengthening ton miles.. described as “positive impact on the shipping markets through a lengthening supply chains”
“Besides the positive impact on the shipping markets through a lengthening supply chains, the Atlantic market could also see a sharp improvement through greater volumes of coal imported, as energy providers in Europe switch from LNG to coal. One ought to keep in mind these additional coal shipments would also have to come from regions further afield.
Mon, August 18, 2014 at 12:25 | Unregistered CommenterMike Malley
AuthorDavid Chinski | Comment1 Comment | Share ArticleShare
the only problem is we don't have tesla /elon musk supporting us with big cash, so they must be cash flow positive,(self sufficient ).
if that happens this stock worth even $20