SOLAR POWER MANUFACTURING IS DOOMED.
I have said before and I'll say again here.
In my opinion, solar power is still a doomed business.
Cost against savings are still too high and as such, savings returns are still too far out in the future to make it an appealing energy alternative.
Continued STOCK price success in these companies is due in large to the ability of the sales force to generate new business and not on the results of the product.
Sunedison like the others, is doomed to wallow in the $20 or below assuming good management and reliable products until one or more of these things change.
a) Mfgrg costs decreases 50% or more.
b) General pricing decreases 50% or more.
c) Oil cost makes a 300% plus increase.
d) All fossil fuels are banned.
Unless you get one or more of those situations, Solar is still glitter on a volkswagon.
"There Is a Strong Likelihood That The Debtors Will Successfully Reorganize" from paragraph 21
(file:///C:/Users/Mike/Downloads/M126116969806-rep-2311070734%20(2).pdf)
Is merely defendants attys motion for temporary relief against lawsuits imposed upon the Directors and Officers of the company. You would expect the atty to say that.
It has not been approved by a judge.
Realistically speaking What I read in this is that they were stupid. Not that they didn't know how to make what they made but that they were stupid.
Based on previous success (Dec 21, 2007 $91.07/shr), I expect that assuming the company does reorganize and assuming the stock is not dissolved in the process, Sunedison will emerge with obviously less assets (due to global debt settlements) but key management intact leading one to assume that if they start all over again, some degree of success is to be expected.
It is also my opinion that expecting the D&O to turn over a new leaf may be foolish but some degree of success is still to be expected before potential notorious behavior starts again and as such, stock pricing in the $10 to $20/shr area is not out of the question.
Based on no current POR stip, stating an intent to dissolve existing shares, the current odds are definitely better for a recovery to $10/shr from $0.15/shr than buying a lottery ticket as some who post on here might lead you to believe.
Good luck.
AI
