Seeking Alpha

Robert Dydo

 
View as an RSS Feed
View Robert Dydo's Comments BY TICKER:
Latest  |  Highest rated
  • JinkoSolar: A Rock Star Of The Solar Industry Is Born [View article]
    Hi Chris no problem, I remember you from our forum. I hope you can comeback and join us again. Great place, you would love it. We also have this report now, Dr. Tsai who used to work for Solarzoom works for us now. You get modules, cells, wafers exports monthly from China, GADP and 34 page report reviewing business of CN8, the October one, does month to month comparison and to Q2 and Q3 comparisons. Excellent source of data
    http://bit.ly/1bdiPSj
    This is the fullest and most affordable document on Chinese Solar in North America,
    This is the link to the forum, in case you are wanting to take a part.
    http://bit.ly/1aRBHJc
    Dec 2, 2013. 11:06 AM | Likes Like |Link to Comment
  • JinkoSolar: A Rock Star Of The Solar Industry Is Born [View article]
    Any marketable financial instrument, will have to have its fair value adjusted with the market. If the bond was X and now it s X+, the plus must be taking into an account. It is a non cash activity, as it does not affect anything else but the size of the liability payable at its maturity, but it is not different that the size of it at the date of the issue. Bond was worth $100, in two years it become $50 now it trades $80, liability difference gets executed on the financing end of the income statement. As the company gets back to its feet, those will level off. It essentially no impact as on the cash flow statements this is pure cash and it is put back to cash.
    Dec 1, 2013. 08:14 PM | Likes Like |Link to Comment
  • JinkoSolar: A Rock Star Of The Solar Industry Is Born [View article]
    Yes, I mentioned this in the article about Raising expectations :). They have some incredible potentials to go 20% over the nameplate. They need to. I think they can easily go over 800MW in Q4. But do not forget, YGE has 3GW of its own and 1GW OEM. JKS has the FiT business which makes so attractive and the GMs.
    Another pain for jvs, NCI (non controlling interest) can take a lot of your profit out.
    Nov 29, 2013. 04:44 PM | 1 Like Like |Link to Comment
  • JinkoSolar: A Rock Star Of The Solar Industry Is Born [View article]
    OK. This article is about third quarter results and EPS estimates for 2014. How is the number of offices quantified into this model? I believe that TSL is planning sell 500MW of global/domestic projects in 2014. if I see that on income statements, balance sheet or read about in a news release, I will add accordingly.
    Nov 29, 2013. 03:05 PM | Likes Like |Link to Comment
  • JinkoSolar: A Rock Star Of The Solar Industry Is Born [View article]
    Yes, great announcement. NESL brings 400MW of module cap and has project portfolio, I believe. To me TSL capacity is the key to their growth, and they are making those moves.
    JKS will be at 2GW or mre by end of the 2014.
    Nov 29, 2013. 02:57 PM | Likes Like |Link to Comment
  • Raising Expectations For Trina Solar's Third Quarter Results [View article]
    I use financial ratios, and decided to rewrite the article to show them better. I think my article is a story of Q3 based on them. However, I was not covering Trina in full light. I also made an adjustment to be at least clear there is a potential for TSL.
    I still think of JKS as a superior result company this quarter. When I state this, I think there is an ample room for Trina or that matter anyone else to show what they can do in 2014. While you may disagree, both CSIQ and JKS, are ahead that curve, where for others there is still fair distance to cross. Below is the link to revised version. Cheers
    http://bit.ly/17XMTGH
    Nov 28, 2013. 08:06 PM | Likes Like |Link to Comment
  • Raising Expectations For Trina Solar's Third Quarter Results [View article]
    I could not make conclusions about quarterly results in this article , since I did not know results at the time. The entire Trina article is a prediction of what that results may be, with the expectation for profit in Q4. However, as soon as I learned what those results were, I was able to determine that Jinko is a better company. PE is assigned by the market; EPS is a company’s operating ability. I have no control over it; I can only express my opinion on it. Under those circumstances, I sold Trina, and moved back to CSIQ. I am impressed with both, (CSIQ and JKS) so I wrote articles about them. In my investment thesis there is a freedom of choice to pick the best company, you will need to get over it, if you are offended by it. I am also over this conversation
    Nov 28, 2013. 02:39 AM | Likes Like |Link to Comment
  • Raising Expectations For Trina Solar's Third Quarter Results [View article]
    I think you misread Trina article. I did not say that price of the stock will rise in this text, so please do not suggest this. I have raised expectations for EPS in Q3 and Q4, which in fact became the case. I called Trina in 2014 to have PE of 14 and see to make $1. If they make more and 14 is applicable they stock will be higher. If I am wrong $1 than I will learn to see where I made a mistake, but on results of Q3 I do not see any errors. This does not change the fact about Jinko and their superior business model. It is awkward that I have to explain why I prefer superior company, but my objective comparison shows it.
    Nov 28, 2013. 01:14 AM | Likes Like |Link to Comment
  • Raising Expectations For Trina Solar's Third Quarter Results [View article]
    0.25 per share is 0.25*71M=$17.8M. 9.9M of current profit is built on 4.5M of tax benefit, you certainly are aware. So Trina needs to come up with additional $14M per income from operations, another words make her to have $97M in GM, is about 16.6%. The company does not pay any taxes, have the gain out of financial instruments, does not have any extra dime spent on the Opex. I know there is a provision there, but at Forex is also certainly on the high side. I think they guided 16% for Q4, so I am stipulating they will make 16.6%GM when I say .25 per share. Unfortunately, they sold $10M of solar plants this Q and 100MW of cells in this quarter, this added to 15.2%GM. As I stated $1 is pretty good start for Trina, and it is 300% more than the average. Are you investing in stocks to lose? Of course I write conviction articles about companies I buy, would there be any other point if I did not buy my preferred stocks?
    Nov 28, 2013. 12:57 AM | Likes Like |Link to Comment
  • Raising Expectations For Trina Solar's Third Quarter Results [View article]
    I should add, that when you review the quality of the net income you cannot deny that 50% of it came from tax benefit and the original 50% was helped by Forex injection. I still think TSL is the best third company out there.
    Thanks for your view moreofthesame.
    Nov 27, 2013. 02:56 PM | Likes Like |Link to Comment
  • Raising Expectations For Trina Solar's Third Quarter Results [View article]
    I sold my TSL on the day of release of the quarter. I bought both TSL and JKS shares on Friday prior to their releases . As I did my analysis I came to conclusion
    a. JKS has a better potential to make money per share
    b. TSL is limited in this potential as I see it today.
    I do not suggest for anyone to sell it.
    Do you think PE of 14 is not enough or will they make more than a dollar in 2014?
    Please note, I also discussed everything I do on the forum, and naturally the space here is not designed to accommodate such a disclosure or discussion.
    Nov 27, 2013. 02:47 PM | Likes Like |Link to Comment
  • Canadian Solar Is Looking Strong In 2014 [View article]
    If you look for an article on JKS, I have one published today
    http://bit.ly/17XMTGH. I will submit to SA on Friday.
    Nov 27, 2013. 02:06 PM | Likes Like |Link to Comment
  • Canadian Solar Is Looking Strong In 2014 [View article]
    The only person who can tell if it is worth it, is you, but If you in the sector, and you want to know a lot about it, can you afford not to join?
    Nov 27, 2013. 01:29 AM | 1 Like Like |Link to Comment
  • Canadian Solar Is Looking Strong In 2014 [View article]
    Thanks bentiger, this covers it well.
    It keeps a lot more than spammers away, it also keeps it civil and informative. If you have more than $25K invested you probably want to know more than Bloomberg tells you or Barrons?
    If you have more than 50K, you need to get reports. If you have more than $100K, you should not be in the market without it.
    Very clean, modern setup. I love to post articles on SA, but for the quality discussion SPVI Forums are the best.
    Nov 27, 2013. 01:23 AM | Likes Like |Link to Comment
  • Canadian Solar Is Looking Strong In 2014 [View article]
    Hi there, thank you. Yes, I am planning to write on JKS in the near future, not sure of the timeline. Do I know you from SPVI Forums?
    Nov 26, 2013. 05:44 PM | Likes Like |Link to Comment
COMMENTS STATS
160 Comments
67 Likes