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Re: ClayTrader post# 922

Thursday, 11/12/2015 9:09:13 PM

Thursday, November 12, 2015 9:09:13 PM

Post# of 36208
Axiom Capital analyst Gordon Johnson, downgrading SunEdison (NYSE:SUNE) to Sell with $2 price target >>>> Quote: "Simplifying things, we no longer believe investors believe management's forward guidance," NOV. 12, 2015 >>>>> "Unless SUNE can find new cheaper sources of funding and/or sell projects at the high-teens margins it claims – the warehouses are NOT cheap, with rates around 6%, & tied to LIBOR – it seems likely fundamentals are set to worsen (i.e., our base case)."

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