We are heading in that direction but nobody can't predict the eow closing price. However, the bk rumors have disappeared, the management reorganization was important as well as resolvement the margin loan issue. Anybody who is now short are halfass backwards.
Rarely does a stock progress or regress at its fair value however you calculate it. It's always likely to overshoot, up or down, relative to value. I agree with you that the price is overshot on the down side. Besides the VSLR issue, I hope something can be down with leadership. Can you imagine what would be done to middle management if their actions created what the CEO did? They would be sacked, of course. There is also, perhaps, an activist investor along the lines of Bronte that can stir things up.
We have to have access to the original agreement to say for sure. At the very least, I want to see a revision. Chatila being sacked is really what I want. If that happens I would expect a doubling of the pps. But even then, there is a long stretch ahead to SUNE to stabilize.
Compassion, I believe, has the same roots of altruistic concern, but it's manifested in flexible ways. In the case of Chatila, compassion can be served by putting him in a position where he can't run a company into the ground. Remove his CEO title and let him do something else in the company. Most likely, his hubris would rebel against this idea, but it is up to him to grow when given this opportunity. As someone else said, the wins he has had are illusionary, and are not sustainable. A true winner is where all stakeholders share in the growing and postive results, and that includes holders of common stock.
You make a good point, but silence during this period of free fall can lead one to change position.
"SunEdison's acquisition of Vivint Solar is a logical next step in the transformation of our platform after the successful execution of our First Wind acquisition in January 2015," said Ahmad Chatila, SunEdison chief executive officer and TerraForm Power chairman. "We expect the Vivint Solar transaction to create significant value for our stockholders through the accretion in our TerraForm Power ownership, the acceleration of our Incentive Distribution Rights and an immediate expansion of our capacity and bandwidth to grow our residential business in the U.S. and globally. As of the fourth quarter of 2015, our organic growth and recent acquisitions will put SunEdison on track to deploy more than 1 gigawatt per quarter."
They can give it a try, but management doesn't have negotiating skills as already been proven. If they find a buyer, they will probably do so a distressed price.
There are 316 million SunEdison shares outstanding and - at pixel time - which is still before close - 128 million have traded.
There will be plenty of day-traders.
But even then there is likely to be one or two very large new shareholders. I have no idea who they are.
Whatever: I can't imagine them leaving Ahmad Chatila (the CEO) in place.
He has refused to resign, doesn't speak to reputable credit analysts and is responsible for the VSLR purchase.
The only remaining question: how bloody is the fight over his removal?
Mr Chatila should resign quickly and leave it to the new shareholders (if they wish to identify themselves) to pick his successor.
Ultimately he won't have any choice - but going without a fight will minimise the damage.
Whether the new shareholders are new bag holders is yet to be seen. I don't think they will be but the market disagrees with me.
Believes that refinancing of margin loan and executions of pending transactions could act as a positive catalyst.
Pending transactions: Did that refer to acquiring VSLR? Wind farm? There was no details that I could see.
Wasn't DB the bank that extended the margin loan?
Don't understand their rules.