Guest Uncle Chang

Trina Solar (TSL)

2,505 posts in this topic

Yeah, can't say I'm really happy about that.  Seems company management shouldn't be rewarded for tanking the stock price through poor management, then reaping the benefits of that with a low-ball (compared to previous prices) takeout offer that leaves earlier investors with losses.

Not sure you could outlaw it, though.

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I'll take it.  Without the buyout, TSL would likley be at 5 or 6.  Within this downturn, I've realized gains on TERP, GLBL and TSL during the last couple weeks.  It's nice to see that alongside some paper losses on others in the sector.  I was also able to add to TSL when it briefly dipped into the 9's.  I'd love to know what the deal is with JASO -- obviously that old bid is off the table.

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It's true that without the buyout, TSL would likely be much lower--but they would also have the potential to rebound to the mid-teens and higher.  Indeed, management must be pretty certain that's where they're headed, or they wouldn't have offered a buyout in the first place.

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