company now plans to raise $675 million by offering 45 million shares at a price of $15. The company had previously filed to offer 57 million shares at a range of $19 to $21. At the midpoint of the revised range, TerraForm Global will raise -40% fewer proceeds than previously anticipated.
The danger in trying to time this stock usually ends up costing you more to get back in and that's assuming you get back in at all. I believe SUNE should be treated as a long term holding and not played for short term bounces. Maybe play with a small percentage of your core holding but 80%?
Wonder if the TERP's presentation at the BAML Leveraged Finance Conference spurred interest in SUNE?
Regulated utilities like PG&E receive state-approved incentives to encourage customer energy efficiency, conservation, and use of renewable energy. Their prices are regulated and they actually make more money through these incentives than they otherwise would through increased usage. Generally speaking, their profits do not depend on how much energy they sell. Lower prices will eventually happen but I don't see it in the foreseeable future.
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