CSKH - waiting for the sun to shine
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what bozo painted the .018 close?
schmuck!
I refuse to look at my account balance, lol.
Falling wafer prices are killing the panel makers, but companies like CSKH are in the "sweet spot"
NEW YORK (Reuters) Fri Aug 19, 2011 - Rosy earnings from Chinese solar panel maker Yingli Green Energy on Friday stood in stark contrast to the dismal reports from its rivals, and the company said market signs pointed to a rebound in the second half of the year.
The solar industry has been battered in 2011 by steep declines in the prices for the modules that turn sunlight into electricity, shrinking profit margins and pushing some of the largest players into the red.
The MAC Solar companies index has slumped more than 31 percent so far this year, more than three times the drop in the S&P 500.
Yingli, however, managed to beat Wall Street forecasts with its second-quarter earnings issued on Friday as it shipments jumped nearly 37 percent from the first quarter, and it stuck with its forecast that it would sell more than 1,700 megawatts of solar panels this year.
That helped lift Yingli's share price more than 3 percent, gaining back a bit of the selloff that has wiped off more than 40 percent of its value this year.
"The stock has probably found a pretty nice bottom right here," said Mark Bachman, analyst with Avian Securities LLC.
"They were the first company so far this earnings period to come out and say things are looking better. We anticipate a year-end gold rush."
Global demand for solar panels sank in the first half as governments in the top two markets, Germany and Italy, pared their subsidies that make the technology competitive with fossil fuels such as coal and natural gas.
Those subsidy cuts came even as the major producers ramped up their production, causing a glut in panel supplies that swelled inventories across the industry, driving prices lower.
That price pressure drove Evergreen Solar, once an industry darling, into bankruptcy earlier this week after it struggled to keep pace with its Chinese rivals.
To be sure, those Chinese companies have suffered as well. JA Solar Holdings Co Ltd said its solar module sales prices fell 20 percent in from the first quarter, pushing it to a net loss in the second quarter.
China Sunergy Co reported a worse-than-expected loss on Friday, and chopped its 2011 shipment forecast.
On Monday, all eyes will turn to Suntech Power Holdings, the world's biggest solar company by production capacity, Its shares slumped more than 5 percent on Friday to challenge their lifetime lows.
LDK Solar, which makes the silicon wafers that are used to build solar panels, cut its revenue and margin forecasts after the market close on Thursday, and said it would write down the value of its inventories.
"The wafer market could face a prolonged downturn due to industry oversupply," said Wells Fargo analyst Sam Dubinsky, who cuts his 2011 profit forecast for LDK by about two-thirds.
Still, those low wafer prices help most of the module makers, since the wafers typically make up more than half their costs.
BETTING ON BRIGHTER SUMMER
Yingli, which said its net income nearly doubled to $58.1 million, or 36 cents per American Depositary Share (ADS) from a year ago, topped Wall Street forecasts and said it has seen strong interest from customers since June.
"We saw the sign of demand recovery triggered by the drop of module price," Chief Executive and Chairman Liansheng Miao said in a statement.
Its revenue of $680.6 million easily topped the $616 million that analysts had expected.
The turmoil from the first six months of the year may give way to a rebound in the second half, companies have said. Italian buyers have returned now that uncertainty about the subsidies has abated, and sales to new markets, such as the United States, China and other Asian countries are growing steadily.
And Germany, which bought only 1,000 MW of modules through May versus 1,700 in the same period of 2010, is expected to return heavily to the market now that panel prices have sunk.
"We have already signed several contracts for products for delivery from August through to the fourth quarter of the German end market," JA Solar Chief Executive Peng Fang told analysts on Thursday.
Yingli's American Depositary Receipts in New York rose 3 percent to $5.80, while LDK tumbled more than 17 percent to $5.43. The MAC Global Solar energy index fell 3.4 percent.
NITE keeps raising his offer. Better get'em while they're still on sale. AIMHO
I hear you, but those pump letters are never from the company, but from someone who has a boat load of shares to unload.
We have very low dilution now, so this should move big when the time is right. I threw another grand at the offer today. .019 is just too cheap to pass up.
btw, here's what 1mw Solar Installation looks like. It is enough power to supply electricity to approximately 700 average households every year.
Bank of America to lay off thousands
By Zachary Roth
By Zachary Roth | The Lookout – 4 hrs ago
Thousands more people are set to be thrown out of work by one of the banks that played a key role in the mortgage mess.
Bank of America is going to shed 3,500 jobs, the Wall Street Journal reports. And as part of a broader restructuring, it could cut another 10,000 or more--around 3.5 percent of the bank's total workforce.
The Charlotte, N.C., bank's profits have been hit by the weak economy, as well as a string of lawsuits and losses related to its investment in the sub-prime mortgages that triggered the financial crisis.
As if in response to the news, last night the Bank of America tower in New York City was hit by lightning.
The Lord works in mysterious ways.
I see dilution is nicely under control
OS: 213,635,970 (08-03-2011)
OS: 211,057,421 (05-09-2011)
OS: 206,271,976 (03-31-2011)
I added at .0188 (NITE's offer)
Buy weakness! (sell strength)
Volume and interest are dropping.
A Friday PR to the rescue?
I hope weakness doesn't breakdown our long consolidation (any further)...
$0.0190 400 OBB 10:39:24
$0.0190 1,300 OBB 10:35:37
$0.0190 1,000 OBB 10:35:06
$0.0170 10,000 OBB 10:20:31
$0.0190 30,000 OBB 08/17
$0.0190 1,000 OBB 08/17
$0.0170 5,000 OBB 08/17
$0.0200 5,000 OBB 08/17
$0.0200 20,000 OBB 08/17
$0.0205 1,000 OBB 08/16
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$0.0205 1,000 OBB 08/16
$0.0180 29,800 OBB 08/16
$0.0210 1,000 OBB 08/16
$0.0180 300,000 OBB 08/16
$0.0190 8,000 OBB 08/16
$0.0210 1,000 OBB 08/16
$0.0180 9,000 OBB 08/16
$0.0180 25,000 OBB 08/16
$0.0190 6,000 OBB 08/16
$0.0200 10,000 OBB 08/16
$0.0220 5,000 OBB 08/16
$0.0220 20,000 OBB 08/16
$0.0190 15,000 OBB 08/16
$0.0200 5,000 OBB 08/16
$0.0200 5,000 OBB 08/16
$0.0200 50,000 OBB 08/16
$0.0200 10,000 OBB 08/16
$0.0210 100,000 OBB 08/16
$0.0210 100,000 OBB 08/16
of to my real job, this one pays poorly, lol.
Go CSKH!
maybe if they read this board they'd have a clue.
I'd sent him a link to a post on this board, maybe a year ago, In hopes he would "pick up' on it. Somehow I think he missed the opportunity.
NITE and ARCA stepping in front of one another, grinding the offer lower. Not a good sign.
One the other hand, the lead up to today's 10Q shows no big sellers unloading (like last time). I'll take that as a positive sign.
If the numbers are decent a "power hour" release would be a strategic move!
good observation!
let's hope they release it in the morning
Or during market hours. maybe we can
get some mo mo going for a change.
Buying a rooftop solar array costs in the neighborhood of $30,000 depending on the size, before a 30 percent federal tax rebate and state incentives. Solar panels themselves, though, are far less than half the cost of the entire system. Installation is about half the overall cost and other hardware, such as inverters, figures in as well.
The research company projects that grid parity will come to commercial rooftop solar installations first, with 10 countries reaching that point by 2016. Hawaii, which has the highest electricity rates in the U.S., is the exception with residential grid parity expected this year.
Read more: http://news.cnet.com/8301-11128_3-20091696-54/falling-solar-costs-good-for-buyers-bad-for-makers/#ixzz1Us2SCpFV
CSKH, a pure play solar installer!
CSKH's business new plan is executing well and should begin to bear fruit in short order. AIMHO
Nice to see you here Frank
.0201(2) x .0210(2) how weak can this stock get?
Paddles!
The pipeline is now stuffed, so, say $4M comes in the front end, then $4M will be coming out the back end, woo! woo!
maybe not in Q2, but from Q3 onward we are going to see robust rev's booked!
yes there is, we need to get over a dime!
thanks abc, good info, news to me. The DTCC has been putting "chills" on penny stocks, even reporting ones.
printed at 15:59:15, definitely a paint job to the downside
The dow was down 630 yesterday, and up 430 today. Scared money was separated from their positions yesterday.
CSKH, locked and Loaded!
Hope so! I just whacked the ask for 50k
This market sell off won't last. Its way over done.
don't get me wrong, I'd love to see good numbers come Monday!
I'm just trying to temper expectations. I'll take any surprise to the upside though with joy.
penny stocks rarely report even one minute before they have to.
It would be nice to see millions in rev's but I'm still thinking real good numbers won't start showing up until Q3.
Simply because they have to completely finish these jobs and then collect the $$$ before it can be reported.
Seeing this fall below .02 today was p a i n f u l l.
What lies ahead for shareholders this week? duck and cover?
notice that post was from Jan, 2009, hence some tickers have changed
Oh the humanity!
#msg-34727210
Scared money will be selling at the bottom. Smart money will be loading up!
Today's tape Volume: 964.97 k
$0.0230 5,000 OBB 15:23:50
$0.0200 3,500 OBB 15:16:20
$0.0230 5,000 OBB 14:39:13
$0.0191 1,250 OBB 14:37:10
$0.0185 46,400 OBB 14:33:37
$0.0185 67,600 OBB 14:33:35
$0.0180 5,000 OBB 14:31:28
$0.0197 1,000 OBB 14:31:26
$0.0200 10,000 OBB 14:31:23
$0.0200 5,000 OBB 14:31:23
$0.0210 5,000 OBB 14:31:21
$0.0210 45,000 OBB 14:26:33
$0.0220 5,000 OBB 14:25:09
$0.0220 500 OBB 13:53:37
$0.0220 4,500 OBB 13:53:27
$0.0220 2,260 OBB 13:17:24
$0.0220 33,500 OBB 13:17:05
$0.0220 10,840 OBB 13:17:03
$0.0220 25,000 OBB 13:17:01
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$0.0220 30,000 OBB 12:36:38
$0.0220 15,000 OBB 10:59:06
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$0.0220 1,500 OBB 10:34:33
$0.0220 100,000 OBB 10:34:02
$0.0220 10,000 OBB 10:17:00
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$0.0220 32,500 OBB 10:11:56
$0.0225 50,000 OBB 10:09:06
$0.0230 20,000 OBB 10:06:13
$0.0231 40,000 OBB 10:06:11
$0.0231 100,000 OBB 10:06:10
$0.0240 50,000 OBB 09:36:31
$0.0240 4,000 OBB 09:31:02
$0.0240 4,500 OBB 09:30:41
$0.0240 18,500 OBB 09:30:01
$0.0240 3,835 OBB 09:30:01
$0.0220 5,000 OBB 09:16:20
$0.0220 5,000 OBB 09:05:45
$0.0240 5,000 OBB 08:54:26
$0.0245 1,000 OBB 08/05
$0.0240 45,000 OBB 08/05
$0.0240 5,000 OBB 08/05
$0.0241 5,000 OBB 08/05
$0.0241 38,000 OBB 08/05
$0.0243 12,000 OBB 08/05
$0.0245 1,000 OBB 08/05
$0.0243 8,000 OBB 08/05
$0.0245 5,000 OBB 08/05
$0.0249 1,000 OBB 08/05
$0.0242 10,000 OBB 08/05
$0.0242 14,000 OBB 08/05
$0.0249 1,000 OBB 08/05
$0.0241 20,000 OBB 08/04
$0.0241 4,000 OBB 08/04
.03 next week?
Lets hope the accountant change will help us investors next Monday (8/15)
Why wall street likes to short solar stocks is beyond me. Do they feel it's their duty to keep the industry down?
Maybe now that the market as a whole is rolling over solar shorters will find other juicier targets.
Looking at the tight range CSKH trades in our money is relatively safe here in this otherwise risky market, compare...