Something snake and I can agree on. This has been a terribly run company for years. I'm embarrassed that I bought some shares a couple years back and even more embarrased that I didn't my losses at some point when it became obvious that they'd be right where they are. Glad this is a very tiny portion of my holdings, but still... seeing that big red % loss on my positions screen hurts. Knowing that I'll probably be lucky to ever see any of that money and am looking at it like a nice loss some year (maybe this one?) to offset some of my other gains on the quality solar names. snake doesn't need to use his other head on this one. It's obviously this company is in boiling water.
It's been a great run. Slow and steady climb. But tomorrow, we wake up and pinch our noses at another stinky earnings report from everyone's favorite little cousin Yingli. Or maybe even Yingli can smile tomorrow? Ok, probably not. Tomorrow is Gordon's ONLY day to say "See, I told you so!" And if Yingli makes us smile, Gordon may need to find some new clients and some new undies. Oh, Yingli. Sunergy can return from the dead, but the Yingli cat may soon be buried for good if this doesn't turn around with all the China business!
Do you ever sleep Uncle? I hear old men don't sleep. Middle aged men with twins don't sleep much either, but I don't think you sleep more than 3 hours per night. Enjoy your vacation and let's have a great Tuesday, ALL DAY!
Trina is well positioned for growth. But we already all knew that here right? I don't see a lot of holes in the boat for 2015 and beyond. Are they as far along as a CSIQ/JKS or even JASO in ways? No, but they're not YGE's big brother either. If Trina manages to continue to push the quality/efficiency of product and continues to build off of good existing relationships in key markets and has a major piece of the China project business coupled with good financing in place to make it happen... how is this not a great story for 2015 and 2016? Trina deals in quality and in quantity and is now finally diversifying to the project side all the while being the most favored Chinese solar company in America, all things considered. Balance sheet ain't bad, they've got access to financing and brand recognition.
I think the VSLR deal is more important than most think or give attention to. While that's not going to be big revenue necessarily, its consistent, stable growth in the US with a major installer who just went public and is aiming high. They're putting themselves out there on another level now. Yeah, the sales will be nice given the SCTY sales will dwindle in time, but the fact that VSLR is packing up the whole smart bundle and rolling with the TSL brand will bring more to the bottom line in the long run than SCTY every would have. Let SCTY make their own panels, they were only income. That can be replaced by VSLR. But now, Trina has income and brand recognition that'll reach beyond VSLR as American consumers become more familiar with solar and with the brand. It'll be a better relationship than SCTY. Factor in if the tariffs really get dropped to that tiny rate being considered in June, margins jump.
And if someone figures out 'the battery' sometime this year? Then all of a sudden, the media actually starts to talk regularly about solar as "energy" instead of whatever they consider it now. And the money flows in then. Lots to positive about.
Have a safe trip! I have to think Zangnut's Day will be a day of rest at this point. I hope that I'm wrong! Safe travels!
I can almost hear Gordon typing up a quick note to investors saying that China will never hit that target. Just like the solar for the poor policy. I can hear him saying that the poor won't be able to get financing to put solar on their homes. And that the solar companies will not receive prompt payment for projects related to that policy, ballooning the A/R next quarter and driving down margins in an already weak ASP region. Let's hear it Gordon, this China solar push for 2015 is going to be a total failure right? Chinese solars will only be selling to China and therefore will go out of business!!!! But wait, Vivint? ACME? Nah... can't save the Chinese solars! Especially that terrible CSIQ company.
Technicals. All about the technicals and what better day than Uncle's Tuesday to keep us in the upward channel which is no longer a bearish flag.
And you're right. They handled it well. I have the flu and was up very early this morning. Saw the news cross and photo too and was happy to hear about it. They did a great job of getting the news out.
Oil down, Jinko fire, what a perfect reason for a selloff! But on Uncle's Tuesday, it just isn't right. Hey Wall Street, guess what? Jinko said they won't have business impacted by fire. Also guess what? They have insurance! Just like the CSIQ fire, it won't matter much. But if you insist on setting shares on fire to, what a great excuse.
Not gonna say it won't keep going up. $100 is insane, but there are too many talking heads I don't like that pump that stock. I don't buy stocks based on what people DO like it, but I definately do NOT buy stocks when people I don't like are pumping it. I own enough exposure to it in TAN.