This China Not Stimulating has nothing to do with the Financing Chinese Solar companies; they (banks) have been instructed to assist the Solar companies that need help or at least loosing up on terms.
It's a Jungle Out there in the Financial Market, they'll use ANY "weapon" /"excuse" they can get for their gains.
Uncle don't see No Wheels coming off any car.
That said, without people selling, stalks can't just keep moving (without "bargains"). Uncle will only worry about what's for Lunch.
Too much nonsense to the China No Stimulating news from their Finance Minister or even Blame it to the Existing Home Sale. The way they talked about is Sick, what sort of nonsense is it to say "Investors paying Cash for houses Retreated from the market"? That's not a good gauge of the housing market, Uncle don't give sheet if the Communists buying our houses or not; they're laundrying their money here, which is not a good thing to do to jack up the rents.
"After four consecutive months of gains, existing-home sales slipped in August as investors paying in cash retreated from the market, according to the National Association of Realtors®. Sales increases in the Northeast and Midwest were outweighed by declines in the South and West."
They're killing it.
Greedy institutional refused to sell shares they bought for $68, they "bargained" for a 38% rise before they gave up some shares, also forcing the Underwriters to exercise their option to buy extra 48m shares at $68 to help Stabilize the trades. It was the Best IPO of all times with all the Top players and Brokers participated, they failed Uncle's order to bite at $75 and $80 entirely, butt Uncle still wants get some this week. Nothing else interests Uncle at this moment.
Send this Google Girl back to get a merger deal; Uncle will take 1 share of Google for every 10 shares of Yahoo.
"Hi, Boss, I have made Yahoo's Core Holdings $7bn below Zero; please take me back, Thank You!".
//I've heard concern expressed about Baba's ability to own Yahoo iven that it would be regulated by the Chinese govn't;"
Alibaba ain't the Chinese Government; it's the American Government that would care if Yahoo falls under Chinese hand.
Uncle got better Plan for Alibaba to Buy Yahoo and dismantle it or sell in parts.
1. Alibaba will get all the Yahoo's Cash. Currently, Net Cash of $1.55bn, plus Net $6.19bn from Alibaba IPO proceeds. that's $7.74bn Total.
2. Sell Yahoo Japan to Son or exchange their holdings in Alibaba; in such case Alibaba get more shares back from Son, plus the remaining Shares Yahoo holds.
3. The remaining of Yahoo? Give to Uncle Chang for $1 to run the chat board.
4. The shareholders can have 0.5 shares of Alibaba for every Yahoo share they own.
BABA has 2,465,005,966 shares outstanding after IPO, before underwriters exercise to buy additional 48,015,900 shares (to 2,513,021,866 shares outstanding).
Of the 48m shares agreed to be sold to underwriters, 18,260,870 shares will come from Yahoo, so Yahoo will end up with only 383,535,102 shares left on BABA.
Yahoo will Net (after 35% tax) 6,189,339,859 from BABA IPO, adding $4,850m in Yahoo Japan, $1,550m of Net Cash, and $36bn (without Tax consequences, just like your 401k), that's $48,599,450,628 total, or $48.86/share. But, Yahoo closed at $40.93/share, that's kind of "High" or "too low" since it's hard to really "value" that "$36bn" worth of Alibaba on the book, same as Uncle doesn't know how to value Uncle's own 401k and pension. It makes sense that Alibaba buys Yahoo, it really does.
//Have you noticed the past couple of weeks how strong Trina has been compared to the others?//
It's called "Sentiment Change". With the help of the analysts' waking up to the new development in China, the CEO's interview with Bloomburger, and their newly grabbed 300MW projects; all we need to hear is when and how much MWs of doenstream projects they're connecting to Grid. Don't mind if they announce a couple of millions of Line of Credits from Banks, or mentioning about improving ASP. Ha!
Time to Lunch Out. Waiting for Female Tiger....
Depending how you look at it.
Yahoo will be holding 383,535,102 shares or 15.26% of Alibaba after dilution.
They not only sold about 121m+ at IPO price of $68, also 18m more when Underwriters exercise to buy at $68.
They'll get around $6.2bn after paying 35% tax, adding the Yahoo Japan, their Net Cash, plus the remaining shares (WITHOUT Tax consideration, aka at Full Price), it equals to around $47.9bn. So Yahoo's Core is about $7.2bn below Zero.
The Street Always values Yahoo's Core Under Zero, the only explanation is the Tax consequences on their holdings on Alibaba. The stupid lazy, as most calls her, must come up with plan what they want to do with the Cash.
ps, Street Always values Yahoo's Core below Zero, but not by so much, when using full price of Alibaba shares they own.
Early indication $80-83, no sellers, only buyers on BABA. 30m shares to Buy.
Hard Open, gotta have sellers.
Some got allocated for $68 should sell a few?
All decisions made by the Fed are experimental; if they work don't change, if not keep changing till working.
All Uncle GreenSpanky did for so many years was to manipulating the interest rates, up or down, mostly based on the market conditions and employment situation. Even the Fed's dual mandate was to maintain market stability and full employment, butt seeing the market going excessive exeuberant or pessimism allowed the Fed to play the Fireman and keep busy. Dumbnanky was known, even before he took the job, to run the low cost PrintShop, he was not so lucky to take over the economy that was totally ruined at the end of GreenSpanky's watch due to his old age. Dumbnaky was the our pioneer in Printing, this boy did a fine job to turn the market around in record time and more he made us no choice butt keep gambling since we were so much squeezeed with so much money not knowing where to put them. We're still doing the same ole thing even now, nobody fights the Fed thus everyone must joint them, till everyone ends up with lots of tears in the end. Well, maybe not Everyone, mostly.
What to Bet morrow? No Blackjacks, we go MAMA and BABA.
Who's going to pray tonight that BABA doesn't open too high?
//the concept of "Buying Low and Selling High" is 100% correct, //
The Buying Part made you 50% Correct to Start with.
You're allowed to spend your money on ANYTHING.
Uncle will go BABA at set price or Uncle buys Next Weak.
Welcome to America.
Place Your Bets!
//Atleast based on share price market expects some from Trina while they do not for Yingli.//
Good that you're thinking their $450m inventory is "Normal" today, and everybody knows that the market is Expecting Trina to tell how many MWs of downstream projects will be connected to grid. They ain't tell nothing!
That's Over-rated news, the 500bn yuan 1-3 month SLF is equivalent to lowering interest rate by 0.5%, they're calling for real interest rate cut butt the government is slow to act. It's going to be Big China holiday coming next month, people need to spend money and travel. As far as Chinese solar goes, the policy is already in place, as long as investors have more confidence they'll get paid there's no liquidity problem nowadays.
Solar will be Hot well into 2015. Bank on it!
When the share price keeps Going Up and Up?
I'm all ears.
The 400MW bonded warehouse/inventory was the worst rumor Uncle heard when TSL was going nowhere butt Up. Haven't heard a word about it for 'long' time.
//The only thing that may be written off is their Poly commitments oversees due to tariffs in China.//
That's some "news" that Zangnut can include in the follow-up e-mail. Uncle only knows they had very little commitment with WACKER till 2015. Their bigger contract which is flexible is with 7.5GW of Wafer and Poly with GCL, which ain't overseas, 225MW Poly contract with SILFAB S.p.A ain't hurt a thing, that's about 45MW a year if there's any left for the rest of the year.
What am I missing?
//They have some $450M in inventory which is enough to make roughly 1 quarters production + project inventory not 1 months.//
Question 1: How much have they reiterated to Ship for Q3 and Q4 all together and how much they have already shipped so far in Q1 and Q2 when they said they've at full capacity. Hint: they had 3.6GW Cap end of June.
Question 2: When they reported their Q2 result in late August, do you believe they still have $450m of Inventory at the time?
Question 3: Would you feel comfortable that they will Meet or Exceed their Full Year guidance with their current Capacity if they had Low inventory at all? Didn't they just say they couldn't meet the demand?
Use Common Sense.
Use Both Sides of Brains.
Be Strong and Have Confidence or even give them the benefit of ALL doubts. (or just call them Liar Straight. I would do just that if I wanted to force them to defend themselves and give me some facts).