I get it, you are basing your hope on a buyout and you think the price is undervalued. This has all been covered once already. Have a good day.
Now come on, there is a huge difference between hoping the company will get it right next time and me expressing my observations and hoping someone can make a counter argument that might change my mind. I never claimed to know everything. I would like it if someone would present something I don't know and show my how the future is very bright for SGI. But since you and I seem to be the only two still following this company, I am not very hopeful it going to happen.
I think what you mean is why do I still own the stock. You make a very good point. I guess I'm hoping someone make a valid argument that could change my view.
anyone who has followed this stock for a long period of time knows that to be the TRUTH. Where exactly would you want me to post my displeasure with this company's performance?
Sorry, haven't been paying close attention. With the recent price move and the last minute cancellation to present at the Growth Stock Conference, I went back and starting looking at the numbers....not good! With lots of cash, you can make mistakes and still survive but now that luxury has been squandered.
Cash will start to be a real problem. Watch financing receivables should start to show itself soon. There is a price to pay for doing a bad job. My bet is that they have two years.
So you want to bet someone pays a premium to the current stock price jump in the whole SGI has dug . Why would they do that when all they need to do is be patient and let them keep digging. Just a few more missteps needed.
You minimize "not performing management". When Jorge Titinger took over from Mark Barrenechea who abandoned ship during an accounting scandal, the company had $179M in cash and ZERO debt. Now they have $79M in cash and $72M in debt. They have burnt thru $170 in cash over the last 3 years and still have negative earnings and you have the nerve to say "when companies go through some delays in contracts deliveries or other reasons that are of cyclical/temporary nature". This company has a pattern of misses and non-performance !!!
"This business is very lumpy due to the type of customers" who chose the type of customer they decided to go after? Blame the customer for a failing business is unbelievable.
Did you ever consider it's very cheap for a reason and there are hundreds of companies you should not bet on. Many companies that wish they had more time to get the job done, ie close on potential sales or meet their sales goals. It's hard to do a good job and execute on all fronts. When you don't, you have no choice but to cut costs. Good reasons (excuses) for not preforming is not what I am looking for as an investment. Someone said hope is not investment strategy.
No it's not just a bad quarter......When was the last time these guys had a profitable quarter? Let me answer it for you.....1qtr of 2014. You can't keep blaming the industry and market segment you chose. Investors remember $1 in earnings being touted and then nothing. Fool me once, shame on you. Fool me twice, shame on me.
Sorry dude but math is not your strong suit and real estate is defiantly not your background. Calculate return on investment !!! The real estate model analogy uses ZERO down similar to how SUNE finances its projects. Huge levered growth....think about it.
No confusion. Not sure how both can be correct? (coexist in my universe of truth) Your example has to be wrong if "SUNE makes no money simple math" is correct. Just sayin
Lets back up a little bit. SUNE has shown $3/shr in cash flow by the end of their fiscal 2016. Sure that number can change up or down by 2016 and my bet is it will go up. To pay a dividend from TERP and have $3/shr in positive cash flow with "SUNE makes no money" doesn't make sense. Your simple math model needs a tune-up.
toast, does the pic3 contest ring a bell? Pics for toast on 10/31/2011 were ABVA, BPZ, and HILL. I know this because we were battling for first place so I printed out the results. At that time SUNE was getting close to break below $5. Are you sure you don't remember the guru?
I'm a fan and looking forward to a long and profitable investment in SUNE. But, I still want to read and evaluate opposing views in an effort to stay sharp and current on my investment.
Re SUNE's debt.....If I was able to get a non-recourse home loan at somewhere near 100%, rent it out at a profit (in SUNE's case large profit) covering principle, interest, taxes, insurance, and maintenance, and lenders were willing to repeat this deal on many future properties, it's hard to believe most of us would not jump at the deal. This is an over simplified analogy of how I view SUNE's increasing debt.
Back in the WFR days, he was the boards resident expert and was referred to by many as the guru. He pounded the table on WFR and was its staunch defender all the way down from $90 to somewhere around $5 where he announced his departure to create a private website and invited followers for a fee....ha! I know there are still a few on this board who remember.
We surely don't need another. Skeptics are a good balance for this board. I remember many being villainized for trying to point out what was an unpopular observation at the time but turned out to be a correct interpretation of the tea leaves. The wordsmiths always dominate but their views need scrutiny too.
Fool me once, shame on you. Fool me twice, shame on me. There is always a good reason for missing the mark. Some view those reasons as excuses.