Wednesday, March 29, 2017 3:51:26 PM
1.) It would appear anyone who went short on the ER, is really hurting right now. What was expected by others to be a terrible showing, again surprised everyone. Share price is up, which means shorts are underwater, and well, with a new CEO ANYTHING IS POSSIBLE. Covering might be a good call right now.
2.) The company is NOT headed towards bankruptcy to say otherwise is to be unmasked as short. The reality is they company has shown they can be profitable, and although there were one time bonus' paid in 2016, and weather issues, and Q1 isn't going to be great...it doesn't negate the rest of they year beyond Q1. Beyond Q1 is more profitable installations. The company has said they have enough cash to get through the year, and the company has previously stated >70M is profitable. The current projections are over 100M rev, so they plan to be profitable, and I expect the new CEO to really show off his talent.
I was very skeptical about this report- and I'm sad to see JN step down, but it is what it is. I look forward to Chuck going gangbusters with this.
As for the cell- I mean come on- we knew this. So either get on board with installations or sell and go away. This is an installation company now, and the management has given you the confirmation.
GL to all here, GL in 2017. GL to JN, and Good luck to Chuck!
LONG SUNW/SUNWW
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