InvestorsHub Logo
icon url

bowonwing

08/20/09 6:41 PM

#2063 RE: TenaciousD #2062

Not really. After IDM disappointment, I changed gears and mainly looking at larger cap stocks. However, I do have one, and only one.

SATC @ $1.92 ($1.08-2.57)
"SatCon Technology (SATC) is a leading supplier of inverters for large scale Photovoltaic and Wind farms. The company is not currently profitable, although analysts currently expect profitability in 2010. Between then and now, Satcon needed to find the money to fund at least another year of operating cash losses, which amounted to $10M in 2008. On July 3, the company raised $25M in additional preferred and common equity capital, which is enough to give the company a comfortable cushion." See SeekingAlpha article at SATC Yahoo.

Earnings: 2009 -$0.50; 2010 $0.06. Has 32 FPE right now, so pricey at current price. One of the institutional investors I follow is Essex and they added +2,773% of this in Q2-2009 and holds 230K shrs, worth $430K. Q2-09 low was $1.70, so pull back to $1.70 may be buying opportunity. But a lot of unknowns here, be careful. See www.nasdaq.com for current ownership.

I was looking at CRY, but did not know the FDA approval for patch was coming (about two weeks ago) and it exploded +40%.

Looking at DAL @ about $6.60, SYMC @ $15.25 and SPWRA @ $27.
DAL: Janus added 2,291%, +$233M in Q2-09 and holds 34.6M shrs, $243M. I have a buy on this <$6. Q2 low was $5.50. Sell target $12.
SYMC: Q2 low was <$15, near that price. A lot of institutional investors I follow added in Q2 or in Q1-09. A lot of negativity swirling around this stock right now (MFE). Sell target $21.
SPWRA: Q1 low $21, if stock gets anywhere that and I still have some cash free, I am buying. Look at projected growth. Many more buyers in Q2 than sellers.

Still DAL is #one at anything <$6. I believe economy is rocky and oil will stay <$80 a barrel, >$60. See oil chart $WTIC.