Comments on Jon Jacksonn's articles RSS Syndication from SeekingAlpha.com http://seekingalpha.com/author/jon-jacksonn/articles http://seekingalpha.com/article/109877-suntech-power-now-a-takeover-target?source=feed#comment-326271 326271 Thu, 11 Dec 2008 09:38:19 -0500 http://seekingalpha.com/article/109877-suntech-power-now-a-takeover-target?source=feed#comment-325678 325678 Wed, 10 Dec 2008 13:03:51 -0500
Bottom line: in this financial environment the debt to equity ratio on its balance sheet is a serious drag on STP's stock price compared to its peers.

The Chinese government may protect STP from going bust as a long-term energy play but in the short term China's electric companies are having a hard time selling their existing capacity - making it that much less critical to develop alternative - and still expensive - electricity source alternatives.

Q-Cells of Germany, one of the two largest makers of solar panels in the world (after Sharp) yesterday reversed its rosy guidance of just 3 weeks ago and has joined the chorus of solar companies announcing maintenance shut-downs of existing capacity over the short-term.

Reemphasizing that excess capacity, Dr. Shi was recently quoted as saying that 2009 will see a glut of panels on the market.

That being the case, there seems little likelihood STP will be able to earn its way out of the financing crunch that is less than 14 months away.

As noted by others, the author of this article clearly has not done his or her homework.
]]> http://seekingalpha.com/article/109877-suntech-power-now-a-takeover-target?source=feed#comment-325428 325428 Wed, 10 Dec 2008 09:23:28 -0500 http://seekingalpha.com/article/109877-suntech-power-now-a-takeover-target?source=feed#comment-325422 325422 Wed, 10 Dec 2008 09:20:10 -0500 ]]> http://seekingalpha.com/article/109877-suntech-power-now-a-takeover-target?source=feed#comment-325395 325395 Wed, 10 Dec 2008 09:03:45 -0500 http://seekingalpha.com/article/109877-suntech-power-now-a-takeover-target?source=feed#comment-324927 324927 Tue, 09 Dec 2008 15:47:05 -0500 http://seekingalpha.com/article/109877-suntech-power-now-a-takeover-target?source=feed#comment-324734 324734 Tue, 09 Dec 2008 12:21:17 -0500
If you want to encourage sentiments about STP, better to make the most out of this sentence:
"What makes STP extremely attractive is that China has set ambitious, long-term national goals that have helped to create a backdrop for a growing renewable energy industry such as a national renewable energy standard of 15% by 2020 and a commitment to invest US$180 billion in renewable energy by 2020."]]> http://seekingalpha.com/article/109877-suntech-power-now-a-takeover-target?source=feed#comment-324604 324604 Tue, 09 Dec 2008 10:20:32 -0500
Of course, this author doesn't seem very credible. Anyone who says

"As the top two solar companies, Suntech Power (STP) and First Solar (FSLR) dominate the European and U.S. markets respectively."

not only hasn't done their homework, they haven't even cracked the book. First Solar has sold almost exclusively in Europe, almost exclusively in Germany, and is just now moving into the US. Suntech is a similar story, though they also have some Asian sales. I'll take my information from someone who actually follows the companies, listens to cc's, thank you.

Finally, I would question whether anyone could just acquire Suntech without some intervention from the Chinese government. My sense is that they wouldn't just let their flagship solar company be sold off to the Japanese or the Americans without raising some barriers - similar to when the Chinese wanted to buy that oil company of ours. ]]> http://seekingalpha.com/article/109877-suntech-power-now-a-takeover-target?source=feed#comment-324601 324601 Tue, 09 Dec 2008 10:17:43 -0500 http://seekingalpha.com/article/109877-suntech-power-now-a-takeover-target?source=feed#comment-324595 324595 Tue, 09 Dec 2008 10:13:47 -0500 I agree . I doubt very much if 50% energy conversion to electricity was meant. 50% up from 22% is still quite laudable, if true. (~33%?)]]> http://seekingalpha.com/article/109877-suntech-power-now-a-takeover-target?source=feed#comment-324563 324563 Tue, 09 Dec 2008 09:55:30 -0500 http://seekingalpha.com/article/82326-buyout-not-the-best-option-for-wamu-shareholders?source=feed#comment-265492 265492 Fri, 26 Sep 2008 00:11:45 -0400 http://seekingalpha.com/article/82326-buyout-not-the-best-option-for-wamu-shareholders?source=feed#comment-233573 233573 Mon, 18 Aug 2008 20:55:02 -0400 http://seekingalpha.com/article/90904-solarfun-power-should-again-provide-earnings-upside-surprise?source=feed#comment-231576 231576 Fri, 15 Aug 2008 18:07:18 -0400
Only one answer is they are sold out for this year.

I expect to see $25 for this stock very soon.]]> http://seekingalpha.com/article/90904-solarfun-power-should-again-provide-earnings-upside-surprise?source=feed#comment-231553 231553 Fri, 15 Aug 2008 17:31:45 -0400 http://seekingalpha.com/article/90904-solarfun-power-should-again-provide-earnings-upside-surprise?source=feed#comment-230077 230077 Thu, 14 Aug 2008 09:25:23 -0400 http://seekingalpha.com/article/82326-buyout-not-the-best-option-for-wamu-shareholders?source=feed#comment-221724 221724 Sun, 03 Aug 2008 16:56:15 -0400 http://seekingalpha.com/article/82326-buyout-not-the-best-option-for-wamu-shareholders?source=feed#comment-221322 221322 Sun, 03 Aug 2008 00:25:23 -0400 WM earning model is likely permanently impaired.

I have some shares of WM I bought a $30. Do I want to throw good money after bad? Even though it is so tempting!]]> http://seekingalpha.com/article/82326-buyout-not-the-best-option-for-wamu-shareholders?source=feed#comment-219417 219417 Thu, 31 Jul 2008 12:21:59 -0400
Hot RE mkts cool off but the reasons these areas are desirable doesn't. ]]> http://seekingalpha.com/article/82326-buyout-not-the-best-option-for-wamu-shareholders?source=feed#comment-218977 218977 Thu, 31 Jul 2008 00:20:14 -0400
Didn't BSC "fight tooth and nail" to stay independent?...and where did that get 'em? I've got no stake, either way, (got stopped out at $34, with a small profit), but they need to get rid of Killinger and that ass-kissing BOD they've got.

old trader]]> http://seekingalpha.com/article/82326-buyout-not-the-best-option-for-wamu-shareholders?source=feed#comment-218965 218965 Thu, 31 Jul 2008 00:03:51 -0400 ]]> http://seekingalpha.com/article/82326-buyout-not-the-best-option-for-wamu-shareholders?source=feed#comment-218910 218910 Wed, 30 Jul 2008 21:18:56 -0400
July 29 -
WM Valuation Calculation Medium-Term


Current Book Value $13.3B
Less Add’l write-offs $8B
Projected Book Value when the
mortgage crisis is over $5.3B

It is projected that housing turns around
In early 2009. When housing stops dropping
foreclosures stop. Write-offs stop.

2005 & 2006 Earnings per year
(before the crisis) $3.5B

Outstanding shares 1.7B

Earnings per share $2.06 per year.

Stereotypical S&P Price/Earnings ratio 15 to 1

Projected stock value after crisis $30.90

Even risk adjusted, minority interest adjusted an offer
of $6 per share is laughable. One would expect $18-$22 per share.

Many small S&L’s may go under, but realistically not the largest in the country.
This company medium-term could be the biggest homerun of your investment career! ]]> http://seekingalpha.com/article/82326-buyout-not-the-best-option-for-wamu-shareholders?source=feed#comment-218790 218790 Wed, 30 Jul 2008 17:58:08 -0400 http://seekingalpha.com/article/85234-american-superconductor-an-ultimate-winner-in-wind-power?source=feed#comment-218715 218715 Wed, 30 Jul 2008 16:27:40 -0400 http://seekingalpha.com/article/82326-buyout-not-the-best-option-for-wamu-shareholders?source=feed#comment-218650 218650 Wed, 30 Jul 2008 15:01:34 -0400 “In the event that, within eighteen months of the closing of the transactions under the Investment Agreement, the Company (i) sells more than $500 million of common stock or other equity-linked securities at a price less than $8.75, or (ii) the Company engages in a change of control transaction wherein the implied value of the Company’s common stock is less than $8.75, upon the occurrence of each such event the Company is required to pay to those Investors whose shares are subject to transfer restrictions an amount sufficient to compensate them for the dilution suffered by them as a result of the above-described actions of the Company. “
Simple translation states that if they sell they will have to pay $500 million plus a difference in share price if sold within 18 months. TPG engineered this brilliantly insulating them from loss and making it a long term investment. In other words they aren’t stupid. They are in business to make money. Although many of us have our own opinions and do our own research, TPG would not have gotten involved in a firm that looked as risky as the media makes it out to be.

WM has fought tooth and nail to remain independent and try to weather this perfect storm. Based on current capital and liquidity levels and access to the federal home loans bank they have enough to emerge on the other side of this thing. Bruised, battered, beaten, and shook up? You bet but, independent and alive.

Does anyone know where the bottom of this thing is? No, they sure don’t but there are a lot of people out there that are a whole lot smarter than us that also know a whole lot more than us that look at it every day all day long. The housing market and write downs pertaining to foreclosures will inevitably decide the fate of WaMu. No one can be sure of what is to happen but all indications show that WaMu will make it through the tunnel to see the light on the other side.

So, stop with the rumor mongering. YES JPM would LOVE to buy WM but, it just isn’t going to happen by choice. The only way it will happen is if the housing market ends up even worse than it is and WaMu ends up not having access to or enough capital which isn’t likely.
]]> http://seekingalpha.com/article/82326-buyout-not-the-best-option-for-wamu-shareholders?source=feed#comment-218520 218520 Wed, 30 Jul 2008 12:47:25 -0400
Anyone who thinks WM is a takeover candidate is dreaming. That possibility went out the window with its restructuring a few months ago. This bank has a real franchise and at todays prices is a real investment opportunity. There is risk, but also great potential for great return.]]> http://seekingalpha.com/article/82326-buyout-not-the-best-option-for-wamu-shareholders?source=feed#comment-218379 218379 Wed, 30 Jul 2008 11:04:12 -0400 http://seekingalpha.com/article/82326-buyout-not-the-best-option-for-wamu-shareholders?source=feed#comment-218373 218373 Wed, 30 Jul 2008 10:59:23 -0400 http://seekingalpha.com/article/82326-buyout-not-the-best-option-for-wamu-shareholders?source=feed#comment-218357 218357 Wed, 30 Jul 2008 10:52:20 -0400 http://seekingalpha.com/article/82326-buyout-not-the-best-option-for-wamu-shareholders?source=feed#comment-218301 218301 Wed, 30 Jul 2008 10:17:49 -0400