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could you post a screenshot of L2 please? thank you alot. gl
:) PWER next earnings release 04.28.11 after market
Alexion Announces Two-For-One Stock Split
Heute : Wednesday 30 March 2011
Alexion Pharmaceuticals, Inc. (Nasdaq: ALXN) announced today that its Board of Directors has approved a two-for-one stock split, payable in the form of a 100 percent stock dividend.
The stock split is subject to approval by Alexion stockholders of an amendment to Alexion’s certificate of incorporation to increase the number of authorized shares of common stock from 145 million to 290 million, which will be acted upon at Alexion’s Annual Meeting of Stockholders on May 11, 2011. If the certificate of incorporation is amended, the stock split will be effected and stockholders will receive one additional share of common stock for every share they own as of the close of business on May 2, 2011. The additional shares are expected to be distributed on or about May 20, 2011. As of February 11, 2011 the Company had approximately 91.3 million shares of common stock outstanding.
Separately, Alexion announced that it has been included in the NASDAQ-100 Index, effective April 4, 2011, prior to market open. The NASDAQ-100 Index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization.
BEST RELATIVE PERFORMANCE IN THE OIL & GAS EQUIPMENT & SERVICES INDUSTRY DETECTED IN SHARES OF GLOBAL INDUSTRIES (GLBL, RES, IO, BAS, EXH)
Mar 25, 2011 (SmarTrend(R) News Watch via COMTEX) -- Below are the top five companies in the Oil & Gas Equipment & Services industry as measured by relative performance. This analysis was compiled based on yesterday's trading activity as we search for stocks that have the potential to outperform.
Global Industries (NASDAQ:GLBL) ranks first with a gain of 6.33%; RPC (NYSE:RES) ranks second with a gain of 2.26%; and ION Geophysical (NYSE:IO) ranks third with a gain of 1.99%.
Basic Energy Services (NYSE:BAS) follows with a gain of 1.76% and Exterran Holdings (NYSE:EXH) rounds out the top five with a gain of 1.64%.
SmarTrend currently has shares of ION Geophysical in an Uptrend and issued the Uptrend alert on July 26, 2010 at $4.55. The stock has risen 181.2% since the Uptrend alert was issued.
Write to Chip Brian at cbrian@tradethetrend.com
http://www.zacks.com/research/get_news.php?id=084l0678
Amid Oil's Risky Run-Up, RPC Pays Dividends
By PAUL WHITFIELD, INVESTOR'S BUSINESS DAILY Posted 03/03/2011 04:47 PM ET
Featured Stocks
*
CEO *
C N O O C Ltd Adr
RES *
R P C Inc (Added 03/07/2011)
* Top-Rated Company
Crude oil began to rise a little more than two weeks ago.
As the Industry Themes column noted Thursday, the last run-up to and beyond $100 oil, in 2008, lasted five months. Yet if history repeats, buying an oil stock solely for its dividend (not recommended) with a buy-and-hold strategy (not recommended) could be especially risky now if the short duration of the last major oil rally is any indication.
On the other hand, there's nothing to say an income investor can't reap most of his payout from capital appreciation.
RPC Inc. (RES) provides oilfield services and equipment to independent and major oil companies. The Atlanta-based company is a turnaround story.
Earnings in recent quarters were 9 cents a share, 21 cents, 31 cents and 38 cents — after weak-to-negative year-ago results. Revenue jumped 21%, 99%, 129% and 115% in the same period. The Street expects EPS to leap 367% and 119% in the next two quarters. Sales are expected to improve 85% and 68%.
The Sales + Profit Margins + ROE is only C, due to losses in 2009. But the Composite Rating is 97, which puts it above all but 3% of the stocks in IBD's database. The dividend yield is 1.4% on an annualized basis.
RPC could be forming a cup base, but has work to do on the right side.
China's CNOOC (CEO) delivered a 108% earnings gain and 106% sales pop in the past six months. (The company reports twice a year.)
The company's annualized dividend yield is about 2%. The Composite Rating is 97.
The chart needs work. The stock is below its 50-day moving average as it works on a base.
CNOOC carries unique risks. CNOOC's majority holder is the government, and China's government controls oil prices internally. The price controls occasionally lead to domestic shortages.
The controls also give companies an incentive to divert oil for export, where prices are often higher. The government sometimes responds with subsidies to keep the oil in China.
Sorting all these shifting elements can be tough. Other oil companies don't face troubles to this degree, though U.S.-based companies face their own regulatory problems.
http://www.investors.com/NewsAndAnalysis/Article/564855/201103031647/Amid-Oils-Risky-Run-Up-RPC-Pays-Dividends.aspx
RPC, Inc (RES) Downgraded by Zacks Investment Research to “Neutral”
Equities research analysts at Zacks Investment Research downgraded shares of RPC, Inc (NYSE: RES) from an “outperform” rating to a “neutral” rating in a research note to investors on Monday.
Separately, analysts at Canaccord Genuity raised their price target on shares of RPC, Inc from $30.00 to $37.00 in a research note to investors on Friday, December 3rd. They now have a “buy” rating on the stock.
RPC, Inc. (RPC) provides a range of specialized oilfield services and equipment primarily to independent and oil and gas companies engaged in the exploration, production and development of oil and gas properties throughout the United States, including the Gulf of Mexico, mid-continent, southwest, Rocky Mountain and Appalachian regions, and in selected international markets. The services and equipment provided include pressure pumping services, coiled tubing services, snubbing services (also referred to as hydraulic workover services), nitrogen services, the rental of drill pipe and other specialized oilfield equipment, downhole tool rental services and firefighting and well control. RPC acts as a holding company for its operating units, Cudd Energy Services, Patterson Rental and Fishing Tools, Bronco Oilfield Services, Thru Tubing Solutions, Well Control School and others. RPC’s service lines are aggregated into two segments: Technical Services and Support Services.
RPC, Inc last announced its quarterly results on Wednesday, January 26th. The company reported $0.38 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.35 EPS by $0.03. During the same quarter in the prior year, the company posted ($0.05) earnings per share. The company’s quarterly revenue was up 115.3% on a year-over-year basis. On average, analysts predict that RPC, Inc will post $0.46 EPS next quarter.
Shares of RPC, Inc (NYSE: RES) traded down 1.57% during mid-day trading on Wednesday, hitting $20.72. RPC, Inc has a 52 week low of $6.6067 and a 52 week high of $22.58. The stock’s 50-day moving average is $18.25 and its 200-day moving average is $16.63. The company has a market cap of $3.007 billion and a price-to-earnings ratio of 21.05.
For more information about Zacks Investment Research‘s equity research offerings, visit Zacks.com.
Stay on top of analysts' coverage with American Banking & Market News' daily email newsletter that provides a concise list of analysts’ upgrades, analysts’ downgrades and analysts’ price target changes for each day. Click Here to register.
http://www.americanbankingnews.com/2011/03/09/rpc-inc-res-downgraded-by-zacks-investment-research-to-neutral/
SunTrust (STI) Analysts Begin Coverage on RPC, Inc (RES)
Equities research analysts at SunTrust (NYSE: STI) initiated coverage on shares of RPC, Inc (NYSE: RES) in a research note to investors on Wednesday. The analysts set a “buy” rating and a $27.00 price target on the stock.
Separately, analysts at Zacks Investment Research downgraded shares of RPC, Inc from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, March 7th.
RPC, Inc. (RPC) provides a range of specialized oilfield services and equipment primarily to independent and oil and gas companies engaged in the exploration, production and development of oil and gas properties throughout the United States, including the Gulf of Mexico, mid-continent, southwest, Rocky Mountain and Appalachian regions, and in selected international markets. The services and equipment provided include pressure pumping services, coiled tubing services, snubbing services (also referred to as hydraulic workover services), nitrogen services, the rental of drill pipe and other specialized oilfield equipment, downhole tool rental services and firefighting and well control. RPC acts as a holding company for its operating units, Cudd Energy Services, Patterson Rental and Fishing Tools, Bronco Oilfield Services, Thru Tubing Solutions, Well Control School and others. RPC’s service lines are aggregated into two segments: Technical Services and Support Services.
RPC, Inc last announced its quarterly results on Wednesday, January 26th. The company reported $0.38 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.35 EPS by $0.03. During the same quarter in the prior year, the company posted ($0.05) earnings per share. The company’s quarterly revenue was up 115.3% on a year-over-year basis. On average, analysts predict that RPC, Inc will post $0.46 EPS next quarter.
Shares of RPC, Inc (NYSE: RES) opened at 20.02 on Thursday. RPC, Inc has a 52 week low of $6.6067 and a 52 week high of $22.58. The stock’s 50-day moving average is $18.66 and its 200-day moving average is $16.95. The company has a market cap of $2.962 billion and a price-to-earnings ratio of 20.02.
Stay on top of analysts' coverage with American Banking & Market News' daily email newsletter that provides a concise list of analysts’ upgrades, analysts’ downgrades and analysts’ price target changes for each day. Click Here to register.
http://www.americanbankingnews.com/2011/03/17/suntrust-sti-analysts-begin-coverage-on-rpc-inc-res/
added on watch SMNPF
adding CABL on watch here.
SOMX back on watch here...
he brought eminem up as of what i know, he is still signed to dre`s label. :)
3 Stocks to Buy Before Everyone Else Does
By Jordan DiPietro | More Articles
March 18, 2011 | Comments (11)
Over the past month, I've had numerous friends ask me the same old question: "Should I buy shares of Apple (Nasdaq: AAPL ) or Google (Nasdaq: GOOG ) , or is it just too late?"
As I'm not a tech junkie and can't predict the future, the short answer is typically "I don't know."
The long answer normally involves me pointing them toward some lesser followed stocks and illustrating to them the advantages of small-cap securities. Read on and I'll show you why I'm actively looking for small companies to invest in, and then provide you with three great ideas for your investment dollars.
Not following the crowd
Buying companies like Apple or Google make plenty of sense, as both are drastically changing the landscapes in which they do business. The success of Apple's iPod and iPhone are already well known; now the company has given itself a massive advantage in the tablet world as well. As PC sales continue to decline, Apple should be able to scale up and increase revenues even more. The same can be said for Google: The company already has the lion's share of search traffic and has aggressively gotten involved in cloud computing with its version of Google Apps.
However, during the last five years, at a time where the market has been flat, Google has gone up by over 65% and Apple has more than quintupled in price. Add to that combination the fact that both have dozens of analysts scouring their quarterly reports, in addition to thousands of retail investors reading the barrage of media coverage that each company receives, it becomes difficult to make a truly intelligent decision. What is your advantage as an individual investor? What information or expertise do you have that someone else does not?
Now I'm not saying you shouldn't buy Apple or Google -- in fact, my foolish colleague Eric Bleeker recommended in early January that you scoop up shares of the iPhone maker.
I'm simply advocating that buying small-cap companies, ones that analysts typically ignore, can give you some serious advantages. Remember that the Apples of the world were once small companies too, and if you can find one of these gems before everyone else does, well, you may have just stumbled onto the next best investing opportunity.
Far from making the headlines
When I'm looking for hidden gems, there are a few traits I like to find. First, the company should be small: less than $1 billion market cap. Second, I want to make sure they are growing revenues at a rapid clip. I also want proof that management is adept at allocating capital (typically by illustrating a high ROE); and lastly, I want what everyone wants: a reasonable price!
The three stocks I've listed below fit those criteria to a T and would be great to add to your watchlist:
China Digital TV (NYSE: STV )
Power-One (Nasdaq: PWER )
Bridgepoint Education (NYSE: BPI )
Source: Capital IQ, a division of Standard & Poor's.
China Digital TV
Remember way back when, a few summers ago, all over-the-air television broadcasts were changed from analog to digital? Didn't seem like much an event in retrospect. But imagine that event occurring in China, a country with 184 million cable subscribers, and it becomes much more of a sea change. China Digital TV is the company that stands to benefit the most: providing the smart cards necessary to unscramble TV signals, selling the software that cable operators need on their end, and collecting royalty fees on each box (a set-top box is needed for the smart card).
Market researchers estimate that by 2015, about 200 million smart cards will be needed, and China Digital has its hands all over this business. The company has healthy gross margins (79%, up from last year), over $200 million in cash, and zero debt. The upside here is enormous, so add China Digital to My Watchlist in order to get in on the action.
Power-One
Power One designs and manufactures power conversion and power solutions for renewable energy and communications markets. It has the No. 2 position in market share, despite only having entered the market in 2007. A lot of investors are concerned about the future of solar infrastructure, given declining subsidies and the current state of the EU. However, the company's inverters are also used for wind power, and no single company accounts for more than 10% of its business, so it's not overwhelmingly tied to the fortunes of companies like First Solar (Nasdaq: FSLR ) or SunPower (Nasdaq: SPWRA ) .
This is also a company with barely any debt hanging over its head, so it should be poised to pop, as it has done in the past. With shares trading at a dirt cheap P/E below 9, you'd be prudent to add this stock to My Watchlist.
Bridgepoint Education
With massive student debt and declining graduation rates, the for-profit education industry has gotten completely battered as of late. However, various Fool analysts think that Bridgepoint stands out from the crowd and deserves your attention. Forget the market-positive demographic trends -- unemployment at record levels, 67% of the population above the age of 25 lacking a college education -- as that's just the beginning. Bridgepoint has been able to massively increase the number of students at its universities while boosting revenue by 57% and net income by 170% over the last year.
Granted the current environment and potential Congressional backlash on for-profit educators is a real risk, but with $280 million in cash and zero debt, the company seems to be trading at an EV/EBITDA multiple of just 3 (that's crazy cheap!). Check out fellow Fool Andy-Louis Charles' recent article for more analysis, and then add it to your watchlist to get the latest news and commentary!
The Foolish bottom line
There's nothing wrong with investing in the big blue-chips of the world -- they offer safety, consistency, and can be profitable. But if you're looking for the next big thing -- the one or two investments that have the potential to drastically reshape your portfolio, then you've got to have exposure to small-cap stocks. The three above have illustrated their ability to reward shareholders, boost revenues, and they happen to be trading at rock-bottom prices. You better grab these stocks before everyone else!
http://www.fool.com/investing/small-cap/2011/03/18/3-stocks-to-buy-before-everyone-else-does.aspx
OT: this is trully just a wow chart. lol :) they are growing because of their strong sales. amazing.
wow :):)
back to PWER. :)
OT: for thoose who are interessted, i updated basic information and charts on the JAZZ board. check it out if you want. gl :):)
updated iBox with basic information and charts. :)
gl to all.
thank you lol. yeah thats what i was trying to say haha. gl to you. gooo PWER. :)
this was probably the most stupid post i ever made. anway back to topic. lol
lol.
The snare drum is a drum with strands of snares made of curled metal wire, metal cable, plastic cable, or gut cords stretched across the drumhead, typically the bottom.
http://en.wikipedia.org/wiki/Snare_drum
so thats where i stand. wish me luck im oversees. trying to keep shit up. ehh, ya know me...
some jazz. ;)
im the snaredrum :). thanks. i think i am creative. gl!! :):)
lets do some more jazz research....
ive made a new song. this is pretty good, how you like? :):)
money is worthless when i come in fool. ;) huricane 123. BOOOM!
OT: Water as a Power Solution
All know how powerfull water can be, as we have seen what the tsunami did in Japan lately. Time will come when Mankind will be able to generate engery out of such natural events.
My queestion is, where will Power One, the company stand when it comes to water energy. We have wind and solar so far, but water, probably one of the most powerfull energy resources on earth is missing as of today.
interessting response. very nice. bought some shares here aswell. this stock has done good in the last year. im on a cash account.
MM Signals.
i relized thee same thing, maybe it has really something to do with the new FINRA Rule, maybe not. lol
another interessting seeking alpha article with good fundamental insight, best read and view on seeking alpha:
http://seekingalpha.com/article/258118-power-one-undervalued-energy-stock-at-an-attractive-entry-point?source=yahoo
Power-One: Undervalued Energy Stock at an Attractive Entry Point
3 comments | March 14, 2011 | about: ENER / FSLR / PWER / SATC
A phenomenon in the stock market that continues to fascinate me is the way in which closing prices become “fact”. What I mean by this is that investors behave in a way that implies that yesterday’s closing price was the mythical intrinsic value and today’s news, whether positive or negative, should result in some sort of delta from yesterday’s close.
Let’s imagine that stock XYZ is trading exactly at its intrinsic value of $10 and then announces negative news which fundamentally lowers its intrinsic value by $1 however market forces (see: evil hedge fund short sellers, high frequency momentum traders) send the stock down $2 and it closes the day at $8 per share. Now let’s assume that another piece of negative news comes out the following day which again decreases the fundamental intrinsic value of XYZ by another $1 leaving the intrinsic value at $8 per share. Despite the stock already trading at its new appropriate intrinsic value I will guarantee you that the market will send the stock down further and will view the prior day’s closing price of $8 as the base for which to calculate the magnitude of the second day’s trading. The obvious problem with this type of trading mentality is that yesterday’s price was not necessarily accurate.
I dub this phenomenon the “compounding of irrationality” and I see its occurrence as a major source of the mispricings that develop in stock market over time. As a fundamental value investor I am grateful for the “compounding of irrationality”, despite how maddening it can be in the short term, because it creates investment opportunities. A stock that has recently been punished by this folly is Power-One Inc. (PWER) which currently offers investors an attractive entry point.
Investment thesis:
PWER sold off -23% in one day last month after issuing guidance for Q1/FY 2011 that was below Street expectations. While certainly dramatic, some sell-off was warranted as the company warned of inventory issues in the channel and expectations for further feed-in tariff reductions. However it is the price movement after the big sell-off that I find most interesting and more relevant to the “compounding of irrationality” idea.
Following the disappointing guidance, PWER has seen its share price decline further on news of rumored changes to subsidies in Italy and lackluster guidance from peers Energy Conversion Devices (ENER) and SatCon (SATC). The isconnect is that these items have all just been a re-hashing of the same news that PWER announced in early February. The various and unwarranted declines have resulted in a compelling mispricing for PWER. PWER sells into a growing market that is benefiting from a positive long term secular trend as solar power becomes a larger part of the world’s energy solution. PWER has a pristine balance sheet with $1.21 per share (17% of stock price) in net cash. Given the undemanding valuation, technological expertise, brand recognition, and attractively located manufacturing facilities I think PWER could be an acquisition target at some point in the future.
Company overview:
Power-One (PWER) designs and manufactures power conversion and power management solutions for alternative renewable energy, data storage servers, wireless communications, and other industrial markets. PWER derives over 70% of revenue and ~100% of operating income from the renewable energy segment which designs and manufacturers inverters for solar power systems. Inverters are used to convert Direct Current (DC) electricity which is produced by most alternative energy generation sources into Alternative Current (AC) which is needed for most applications including connection to the electric grid and powering homes.
PWER sells products under the Aurora name and is currently the 2nd largest inverter company in the industry behind SMA Technologies. The remaining 30% of revenue is derived from the Power segment which designs and manufacturers power conversion devices for computer server, storage, networking, industrial, and transportation markets. PWER has manufacturing centers in China, Italy, Ontario, and Phoenix. Private equity firm Silver Lake Partners has a large convertible stake that could be fully converted into 32% of common shares outstanding.
Stock is mispriced given industry growth
PWER has experienced phenomenal growth over the past year, FY 2010 revenue was up +140% vs. 2009, however the rapid growth now appears to be behind the company as Q1 revenue is expected to show the first sequential decline in about 8 quarters although yr/yr the top-line is still growing +68%. At the current valuation I see the stock as being mispriced on a DCF basis even if we assume the top-line never grows again so any growth will be incremental upside assuming margins do not collapse. Guidance for FY 2011, which was released a few weeks ago, calls for +14% revenue growth.
PWER sells into a growing end market as solar energy becomes more utilized and economical. The rapid decline in panel prices coupled with the increased efficiency has brought solar energy closer to grid parity. My contact in the solar industry believes that grid parity could be reached in certain areas (areas with lots of sun and high electricity costs) by 2013. The decline in the cost of solar is slowing (good for solar pricing) and from here the driver to grid parity will likely be the rise of electricity rates.
Currently solar relies on subsidies to make the project economics work. A widespread cut in subsidies is the largest risk to the solar industry however once grid parity is reached subsidies will no longer be required and the industry will be able to stand on its own. Currently the US generates less than 1% of all electricity from solar power which pales in comparison to Germany which generated 14% last summer, this highlights the vast amount of “runway” for industry growth. The transition to solar energy should provide PWER with a growth tailwind for many years.
Historical Solar PV Shipments by Region (click to enlarge):
There is concern among investors regarding solar’s heavy reliance on European countries and the viability of continued subsidies amidst the stresses on government budgets. 2010 was by all accounts a banner year for the solar industry as solar installations were up +110% yr/yr.
If we look at the different solar markets over time we see that different countries have taken the lead role in solar deployments at different times. Currently Germany and Italy are the major players in solar deployment whereas Spain which was the largest solar country in 2008 is now one of the smallest players. While the players at the top shift around I think it’s crucial to note that overall “pie” is projected to remain relatively firm which is inconsistent with how some of the solar stocks are being priced (PWER is trading at 3.5x EBITDA with zero debt). In 2011 overall solar deployments are expected to be flat yr/yr, deployments in the markets most relevant to PWER are expected to decline by ~4% yr/yr and then grow again +9% the following year (click on each chart to enlarge).
Germany is expected to remain a mainstay in the solar arena and has a healthy economy to support subsidies. Of the European countries that are facing sovereign debt concerns and budgetary stresses, Italy is the largest player.
While it makes intuitive sense that countries with budget concerns would look to solar subsidies as a way to cut government spending the reality is that solar subsidies are quite small in the scheme of things. For both Italy and Germany solar subsidies amount to only about 0.16% of GDP ($3.5b and $5.3b respectively) in 2010. This amount is inconsequential relative to the larger budgetary issues such as entitlement spending and public employee costs. As such I do not see budgetary stresses as being the driver behind subsidy cuts but rather I see grid parity and excessive investment returns on solar projects as being the catalyst.
Valuation compelling on absolute and relative basis as well as sum of the parts
PWER is trading at a compelling valuation on virtually every metric, it trades at a significant discount to the peer group (peer group EV/EBITDA: 8.7x, PE: 11x ) and looks undervalued on a sum of the parts basis. Currently 30% of PWER revenue is derived from the Power sales business which is a very low margin business. In Q4 the Power segment posted positive operating income which was the first time they had achieved that in awhile.
The future of PWER is clearly the Renewable energy inverter business so I would not be surprised to see PWER divest the Power business at some point. If we assume the Power segment is able to fetch a price/sales multiple that is given to the most commoditized electronics manufacturers (P/S: 0.32x) that segment is worth $.67 per share, add in the $1.21 of net cash, and the $10+ that I think the Renewable energy business is worth ($10 on a PE basis, $10.50 on a DCF basis) and PWER should be trading above $12. Given the low valuation, excellent balance sheet, and industry dynamics I think it is likely PWER gets acquired at some point.
Inverter space is more attractive and defendable than panels
The bear case for solar companies, which I see as the current consensus view given that the group has a very high short interest, is that there has been and will continue to be fierce price competition which will dramatically erode margins. It is likely that solar panels will face a supply/demand imbalance in FY 2011 resulting from a ramp up in manufacturing capacity.
According to IMS Research capacity increased +70% over the course of 2010. The expected oversupply should continue to pressure panel prices and lower the overall costs of solar which should drive demand for solar projects as it becomes a more economically attractive way to generate electricity.
The potential for this negative view to play out is possible although it is more applicable to the panel manufacturers such as First Solar (FSLR) because solar panels are becoming more commoditized. Invertors however are becoming more complex and are essentially the “brains” of a solar project. The increased complexity and varied performance capabilities lead to differentiation and competitive advantages for inverter companies which solar panels do not enjoy. Inverters compete on performance as opposed to price. An inverter is only about 10% of an overall solar project whereas the panels comprise 40% of the project cost. Evidence of this dynamic can be seen over the past several years as inverter prices have declined by much less than panel prices. Pricing for PWER on a per Mw basis was firm in FY 2010.
Huge short interest
PWER has a huge short interest with 45% of the float currently short. I estimate roughly 20-25% of this short interest is due to the convert outstanding but adjusting for that we are still at 15-20% short interest which seems like a dicey situation for shorts given the stock is at 3.5x EBITDA with $1.21 in net cash per share. The short call worked as evidenced by the -23% decline last month however it looks like many of these investors have kept the trade on. Any improving sentiment could result in a short squeeze with the short trade that crowded.
Risks
Government subsidies for solar power disappear as a result of budget tightening. This is the largest risk to the solar industry and inverter volumes which are dependent on solar project volumes.
Price competition grows within the inverter space.
Growing solar inverter market attracts new entrants. PWER is insulated by incumbent status and #2 market share.
Electricity prices fall worldwide making grid parity less likely. I see this risk as remote in our commodity inflationary world.
Interest rates rise which makes project financing more expensive and the economics of solar projects less appealing.
Technical obsolescence for Aurora inverters including the potential for future adoption towards micro inverters. I see no reason to expect PWER technology and products to be rendered obsolete, spending on R&D has grown over the past two years.
Furthermore there are fewer competitors in the inverter space. There are over 200 suppliers of solar panels versus fewer than 20 for inverters. Currently PWER has the #2 market share and offers some of the highest yielding inverters relative to competitors.
The inverter market is somewhat insulated from new competition as inverters also compete on service capabilities and warranty credibility which new upstarts have trouble competing with the name recognition, proven field hours of reliability, and balance sheet to match incumbents like PWER. The market is wrongfully extrapolating the intense price competition that has been seen in the solar panel space onto the inverter space which is unwarranted because the inverter industry is less competitive, less commoditized, and requires more technological and design expertise. At 3.5x EBITDA I think PWER offers plenty margin of safety should some price competition emerge.
Disclosure: I am long PWER.
http://seekingalpha.com/article/258118-power-one-undervalued-energy-stock-at-an-attractive-entry-point?source=yahoo
here we go, if the weekly turnarround steps in we could see a gap close. #winning
Re: eastunder post# 191 Post # of 202
PWER: Open Gap
Direction Date range
down Feb-04-2011 11.46 to 9.35
seeking alpha article on PWER and Social Media links from the company.
Adding to My My Power-One Position, Despite Losses
9 comments | by: William Kabourek March 13, 2011 | about: PWER
I'm still learning about alternative energy conversion as I lose money on my initial Power-One (PWER) purchases. So far I've convinced myself that I will still do well with the investment, but it's starting to feel lonely as there are plenty of sellers and naysayers.
The three questions I constantly ask myself are:
1. Is solar/wind energy going away?
2. Is PWER a leader/survivor?
3. Am I over-paying for the company?
My recurring answers are No, Yes, No.
Economical or not, every country in the world is gravitating, to some degree, to alternative power generation. Subsidized yes, but becoming less so as oil prices increase. No one likes being hostage to oil producer states.
Alternative energy, when produced, needs to be converted into grid power and that's where PWER, and a slew of competitors, comes in. They also do about a $300MM business in power management for data centers and have about $200MM in cash, but evidently the market doesn't care! Power-One does about $700MM in inverter revenue and is the world's second largest inverter seller. New factories in Arizona and China are spearheading expansion into those two large markets for renewable projects. With a number two industry position, new factories, plenty of cash, and virtually no debt, I don't think PWER is facing failure. They could get acquired though by an Emerson (EMR) or GE (GE) if they wanted to get serious about the market.
At a $7 share price, I can live with a poor first half of 2011 as plants are started up and inventory gluts are worked out. The company and analysts are still very upbeat about the full year performance, but if wrong, it's been priced into the share price. If margins fall dramatically and SGA gets out of control, causing net income to fall to $.50 a share, that 's only a P/E of 14 for a leading growth company.
Today I upped my ante and bought some January 2012 $5 calls. I paid about $2.85 for the options so I'll start, hopefully, breaking even at about $7.85. PWER finished the day at about $7.25. I liked the company in the $8s range, so I was happy to add to my position at an even lower price. PWER has 10 months to prove the naysayers incorrect and Crusty wise. In the meantime, I continue to learn more about the industry.
Disclosure: I am long PWER.
http://seekingalpha.com/article/257954-adding-to-my-my-power-one-position-despite-losses
Twitter
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Jazz Pharmaceuticals Announces Fourth Quarter And Full Year 2010 Results
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– Fourth quarter net product sales grow to $52.4 million –
– Guidance for 2011 adjusted earnings per diluted share in range of $2.70 – $2.90; 2011 GAAP earnings per diluted share expected to be $2.22 – $2.41
PALO ALTO, Calif., March 7, 2011 /PRNewswire/ –Jazz Pharmaceuticals, Inc. (JAZZ: 27.30 +0.19 +0.70%) today announced financial results for the fourth quarter and full year ended December 31, 2010.
Total revenues for the fourth quarter of 2010 were $53.4 million, compared to $38.3 million for the fourth quarter of 2009. Full year 2010 revenues were $173.8 million, up 35 percent compared to revenues of $128.4 million for 2009.
GAAP net income for the fourth quarter of 2010 was $24.5 million, or $0.56 per diluted share, compared to $5.7 million, or $0.17 per diluted share, for the fourth quarter of 2009. GAAP net income for 2010 was $32.8 million, or $0.83 per diluted share, compared to a 2009 GAAP net loss of $6.8 million, or $0.23 per diluted share.
Adjusted net income for the fourth quarter of 2010 was $27.2 million, or $0.63 per diluted share, compared to $10.8 million, or $0.33 per diluted share, for the fourth quarter of 2009. Adjusted net income for 2010 was $61.0 million, or $1.55 per diluted share, compared to a 2009 adjusted net loss of $1.5 million, or $0.05 per diluted share. A reconciliation of GAAP net income (loss) to adjusted net income (loss) and the related per diluted share amounts is included with this press release.
Net sales of Xyrem® (sodium oxybate) oral solution increased 36 percent to $42.9 million for the fourth quarter of 2010, compared to net sales of $31.6 million for the fourth quarter of 2009. Xyrem net sales for 2010 increased 47 percent to $142.6 million, compared to $96.8 million in net sales for 2009. Net sales of once-daily Luvox CR® (fluvoxamine maleate) increased to $9.4 million for the fourth quarter of 2010, compared to $5.7 million for the fourth quarter of 2009. Luvox CR net sales for 2010 increased to $27.4 million, compared to 2009 net sales of $18.3 million. Both fourth quarter and full year 2010 net sales of Luvox CR include $2.0 million of revenue recorded as a result of a change in the timing of when revenue is recognized; the company now records Luvox CR sales upon shipment to distributors net of estimated returns. The profit associated with this change has been excluded from the company’s fourth quarter and full year 2010 adjusted net income.
“In 2010, our first full year of profitability, our progress included strengthening our balance sheet, enhancing our commercial business management team, significantly increasing Xyrem sales, and broadening our patent protection for sodium oxybate,” said Bruce Cozadd, chairman and chief executive officer of Jazz Pharmaceuticals. ”We look forward to improving our performance in 2011, as we continue to grow and protect our Xyrem business and advance our intranasal clonazepam product candidate for acute repetitive seizures in epilepsy patients.”
Research and development expenses for the fourth quarter of 2010 were $4.1 million, compared to $6.3 million for the fourth quarter of 2009. Research and development expenses in 2010 were $25.6 million, compared to $36.6 million for 2009.
Selling, general and administrative expenses for the fourth quarter of 2010 were $17.1 million, compared to $15.7 million for the fourth quarter of 2009. In 2010, selling, general and administrative expenses were $69.0 million, compared to $58.7 million for 2009.
Interest expense for the fourth quarter of 2010 was $1.1 million, compared to $5.8 million for the prior year period. Interest expense in 2010 was $12.7 million, compared to $22.8 million in 2009. As of December 31, 2010, cash and cash equivalents were $44.8 million, an increase from $22.9 million at September 30, 2010.
2011 Financial Guidance
Jazz Pharmaceuticals is providing full year 2011 financial guidance as follows:
– Total product sales
$ 232 – 245 million
– Xyrem
$ 200 – 210 million
– Luvox CR
$ 32 – 35 million
– Gross margin
greater than 90%
– R&D expenses
$ 20 – 24 million
– SG&A expenses
$ 87 – 93 million
– GAAP net income per diluted share
$ 2.22 – 2.41
– Adjusted net income per diluted share*
$ 2.70 – 2.90
* A reconciliation of GAAP net income to adjusted net income and the related per diluted share amounts is available in a table with this press release.
http://www.dailymarkets.com/stock/2011/03/07/jazz-pharmaceuticals-announces-fourth-quarter-and-full-year-2010-results/
looks like they are holding the 8$ level, 3rd day in a row....
LOD 7.88$ wich is still 8.00$ worth.
thanks b00n. updated iBox with information and added charts.:)
the company has blown away all past analyts targetprices, will dig deeper into this. they have aswell a headquater in Lausanne. :)
GLTY
andrew
1. Alexion Pharmaceuticals, Inc. (ALXN): Drug Manufacturers Industry. Market cap of $7.66B. Street Insider and Benzinga identified the company as a takeover target. Analyst rating has changed from 1.41 to 1.67 over the last three months. Short float at 5.41%, which implies a short ratio of 5.43 days. The stock has gained 80.44% over the last year.
Read more: http://community.nasdaq.com/News/2011-01/12-takeover-targets-seeing-worsening-analyst-sentiment.aspx?storyid=54088#ixzz1FNvkRS4X