Mike Dedmonton
Solar Investor-
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About Mike Dedmonton
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Newbie
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Maybe the overcapacity problem won't be as large as everyone anticipates. http://www.pv-tech.org/news/solar-cell-and-module-capacity-expansions-absent-in-china-in-3q-2016
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Brookfield was not bidding on TERP primarily because of auction rules - but it won't give up what it holds now. Not sure if anyone has announced bidding on GLBL.
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Cleantechnica indicates the assets SUNE owed GLBL were sold. I am annoyed, but apparently market likes it - thinks we may get cash back. Think they are optimistic, but hoping for the 6+ buyout.
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Any thoughts on why JASO never enjoyed the post 2012-13 run up that other solars did?
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Thought this might be a good buy at $ 6, but not so sure now. BS doesn't look as strong as I first thought. Total current liabilities is 1.5 B$ (long term less than 0.5 B$). Inventory doubled from last quarter. AR slightly increased but accounts payable jumped by 50 %. Maybe this is normal for them, but now I wish I had jumped at $ 6. Anyone have a thought on what type of price this is fairly valued at, considering the down trend in the market?