Ingersoll-Rand Plc Message Board

best of luck to investors voting against the merger.

Too bad I sold SPWR at 12.33 and tripled by PWER which at that time made smart idea.

Didn't realize how bad my decision was.
SPWR went from 3.51 to 22 now!!

While I feel robbed by the CEO on my potential profits from PWER, I see no point in holding further. Let me know what you think.

1) Someone (ABB? Or associates) buying lot of shares at 6.35. There is no incentive for anyone other than future holders to buy shares at the buyout price. Considering 120M+ shares traded around this price, they might already got 51% of the shares ....if not more.

2) there is no voting from shareholders for this merger. Instead, it's a shareholder meeting held at??&$@ I don't think anyone would travel to the meeting on their own dime considering Silverlake with 17 million shares already voted for approval.

3) Last time I was in this situation, Etrade charged me $437 on 1K shares for making this cash buyout transaction.. When I talked to them today they couldn't give me exact number but mentioned all kinds of fees which I think might run into almost thousand for me compared to $9.99 transaction fee.

Whatever happens, I would like lawsuits to win against this acquisition by a Swedish company and personal compromising the share price for personal benefit get their karma payback.

Announcement says Power-one shareholder approval will be at a special shareholder meeting. That means, no chance for us to vote NO on the merger from home without having to travel to location of the meeting.

If I get a chance, I will be voting NO on the approval. I understand Silver Lake needs cash and we don't have a chance but at least I need to express my opinion..

from announcement
"The transaction is structured as a merger and is subject to the satisfaction of customary closing conditions, including approval of Power One's shareholders at a special meeting and receipt of customary regulatory approvals."

ABB bought the company with cash in hand of $266M. Now PWER generated additional $36M in Q1 and usually they double that in Q2 (being their best quarter and all factories are running at full capacity).

This money shouldn't be sucked up by ABB but we should get special dividend.

Currently Silver Lake is pursuing taking Dell private along with other investors. Their need for cash may have led to accepting all cash offer from ABB versus looking for other potential higher offers with a combination of stock + cash from other potential bidders.

1c difference on millions of volume makes good money for those high frequency trading guys.

First thanking shorts for letting me accumulate 92K shares at low prices recently. Regular members reading the board know what I am talking... I have moved my 3.2 X profits from SPWR into this recently.

I feel the buyout offer is on low side because tech companies sell for 8-10X EBITDA which translate to $1.5B at middle..
Two factor impacting it. PWER is at their lowest point in downcycle turnaround and Silver Lake might be looking for money to fund their Dell purchase. Silver Lake bought PWER below 30c during transformation from Data Invertors to Solar Invertors.

PWER should have hired JPMorgan or some other investment bank to shop/sell the company rather than just take ABB offer. PWER rumored to have received offer before for $15 and management pushed it off. CEO said stock is very cheap at $9 but now takes a $6.35 offer.

Now it's highly unlikely others will bid. Emerson is a clear loser here for not buying it. ABB stole PWER very cheap.

I would have been happy with a higher offer but regretfully, it's time to move on...
Congrats to ABB and fellow longs...over the last 2 years!!

IMO, Solar stocks are over priced now and will be waiting on the sidelines.

You can read on google finance.
17. APRIL 2013 | BY: POWER-ONE
Power-One, Inc., today announced that the first solar park in Chile deploying inverters is up and running highly successful.

More than one year after the completion of the installation project developer KRAFTWERK Renewable Power Solutions flew to Chile to visit and inspect the plant on March 11, 2013 together with power grid operator Emelat S.A. and confirmed its operation is performing to or better than expectations.

KRAFTWERK Renewable Power Solutions, a German company specializing in the development and implementation of intelligent solar power plant solutions, planned and built the 307.2 kWp installation for Subsole, which is one of Chile’s largest fruit exporters. It was completed and opened in January 2012.

In total, one AURORA PVI-330.0 central inverter as well as six AURORA STRINGCOMB string combiners were installed by a team of German and Chilean specialists to convert the energy produced by 1,280 PV Canadian Solar modules. The solar park, which was designed for agricultural use, is located in the Atacama desert in the north of Chile.

This region is one of the most arid, and also has the highest level of sun radiation worldwide, making it the perfect location for a solar installation. Spread across one hectare of land, the solar park is expected to generate approx. 600,000 kWh of electricity per year, which will be used primarily to operate the ground water pumps for irrigating the table grapes grown on site.

Thanks to a sophisticated schedule for the irrigation, which “follows the sun”, more than 90 percent of the generated solar energy are used directly. The weather data from an on-site weather station as well as daily energy consumption measurements conducted on the water pumps build the basis for this.

Any excess power Subsole produces will be fed into the public power grid. The company, which now is no longer affected by high Chilean electricity prices, i

Sentiment: Buy

First - Trading action shows shorts are at PWER again anticipating earnings warning. They have been successful last 2-3 quarters so why not keep doing the same. We should see earnings date and possible outlook next week (either Tuesday or Thursday). I am not expecting a warning.

- I expect PWER hitting bottom (financially) in February and recovering in March and continuing to recover from here on. My revenue expectation is around $180-$181M on earnings of -4c.
- PWER is paying heavy price for strategic mistake of not moving quickly in U.S. Market like SPWR and FSLR did anticipating the growth of U.S. Market and dramatic decline of European market. PWER started their transition Q4, 2012 (a year late) and introduced new products for U.S. market Jan 2013. I will be looking at their plans for U.S. Products in Q2-Q4. Their main products were in beta testing in Q1 and should be ready for scale up now.

P1's plan is to capture 20% share of U.S. invertor market in 2013 from near zero. This is the primary metric I will be watching this year. At this time, capacity seem to be the problem. In addition, they have huge tax loss carry over from data invertor days in Arizona plant which will help keeping more money.

Italy & Germany currently provide 66% of the revenue for PWER. Need to have balanced market approach. Middle-East solar market is growing double digits and should help compensate down side Europe little bit.

FSLR and SPWR increased their revenue and income forecasts for next 2 years. That means solar market is growing and shifting to quality. Who is supplying invertors to these major projects? If PWER can gain share in U.S. market, we should start seeing revenue and share price growth.