Basically you are buying a very cheap utility at current prices.... They will continue to own more and more power plants that will become a stream of profits plus they continue to manufacture solar panels. At current prices given the big growth in solar the next 5-10 years this looks like a no brainer for a LONG term BUY!!! Now what am I missing??? Sector just out of favor?
They go from profitable to a loss and now are more leveraged than ever. I am sick of non gaap earnings. So they will make $1 in non gaap earnings. Growth is gone as organic growth was only 4%. With all of the China pollution this should be a no brainer! Long term its a buy but if the market starts to turn this will make a new low. I want to see $7.
Look at the share count. It continues to go lower. They have around 406 million shares outstanding currently. They should continue to buy stock at current levels. Above $40 I thought it was overvalued (they wasted money buying stock at these levels). Unfortunately as the price goes lower they will likely suspend stock buyback. I will look to buy below $25. At that level it will have a dividend yield of around 4%. At $20 close to 5%. Would not mind a big market pullback to get into this one.
August 2006: 828.5 million shares
September 2007: 798.2 million shares
September 2008: 711.4 million shares
September 2009: 697.8 million shares
September 2010: 618.8 million shares
September 2011: 510.2 million shares
August 2012: 480.9 million shares
August 2013: 467.5 million shares
August 2014: 434.8 million shares
August 2015: 406.7 million shares