Seeking Alpha

Robert Dydo

View as an RSS Feed
View Robert Dydo's Comments BY TICKER:
Latest comments  |  Highest rated
  • Trina Solar: As Debts Come Due, $14 Billion In Off-Balance Sheet Liabilities [View article]
    $14.5B in contractual agreements for purchase of equipment and raw material, 90% of it with GCL. Contracts are negotiable, and they have been negotiated down to price per kg. As year goes buy pricing will change and so the obligation amount. Short term borrowing is recycled monthly, this amount went down from Q2 to Q3, bonds are up but that is 88M, worth around 60M now. Seem like someone got caught with their short last week, and now the damage control. Impressed amount of work on putting so much irrelevant information together to get the stock down. Congratulations
    Jan 7 10:17 AM | 5 Likes Like |Link to Comment
  • Canadian Solar's Parabolic Rise Provides Excellent Short Opportunity [View article]
    CSIQ will make 0.47 per share in Q3. Your advice is completely irresponsible. Can you share what did you shorted with? Considering it takes 24 hours to post here, with last price above $19?
    Oct 8 01:03 PM | 4 Likes Like |Link to Comment
  • JinkoSolar's Stock Is Likely To Lose 15% - 25% Of Its Shine In The Fall [View article]
    You expect the company, which made 0.36 during second quarter this year to make $0.49 per share for the full year in 2014? Even if they repeat this quarter four times it is $1.44 and PE of 12. This would be a poor performance by the way. I am not sure if you know what you are talking about with such a gross technical errors.
    Sep 18 09:08 AM | 4 Likes Like |Link to Comment
  • What Japan Crisis Means for Solar Stocks [View article]
    Well, China is going to double its solar objective to 10GW according to late article from Reuters this evening. The old world assumption about solar living off subsidies needs go to passage. Ironically the same Japan plans to add 400 billion yen in solar subs. Place where parity is right on the corner same as in Italy which is probably already at it. I guess the government there sees greater impact than armchair strategists providing scenarios similar to yours. Continue to write articles using phrases like "short lived", "cutting support", Use example of struggling European companies which will go bankrupt while trying to match low Asian costs. Press was trying to scare weak at heart with Q-cells the entire day. In the meantime Chinese will continue take over the market from 61% in 2010 to 73% in 2011. Solar industry is a fact. You may not like it and that is fine ,but one should never be ignorant about the facts. UK has 100MW market, this is what solar global industry has for one day of the year in capacity. Renesola sells that many modules in a quarter. Spain? 500MW this is what Suntech produces in modules per quarter. Global market this year is going to be in area of 22GW. Solar gets more affordable while other sources of energy become more expensive. These are facts.
    Mar 30 01:20 AM | 4 Likes Like |Link to Comment
  • Beware Of The Japanese Solar Boom While Buying Stocks [View article]
    I can’t disagree more. Japan is the best market for solar companies today, but it is not the only market or will remain best for ever. Not all companies are in Japan, and the market is not wide open as Europe used to be. There is a lot restrictions and tech savvy, which cannot be compared to places like India, which has acutely little qualified capacity. There are about 5 Chinese companies, which are doing remarkably well because of quality, brand, efficiency and yes the ASP they offer. Solar Industry is extremely dynamic. Those mentioned Chinese are global corporations. Not being there would be viewed as weakness, not strength. CSIQ has 125MW of plant development in Japan, and it is looking at 400MW. These are serious figures. Hanwha SolarOne is the second largest shipper to Japan in Q1 (after JA), and the stock sank 20% today. Nevertheless the company turned positive GM for the first time after 3 quarters due to high volume and ASP in Japan. The critics of the industry should stop assessing it as some passing mood or fashion statement. Solar is here to stay. Global governments are not considering tariffs against Chinese domination because this is flavor of the month or a particular hobby of one country; this is the future of unlimited opportunities and unprecedented growth. This is just beginning not the end. Like it or not the Chinese are the leaders and it seems even 18 out 24 EU voting countries agree to have them in Europe tariff free.
    May 31 12:10 AM | 3 Likes Like |Link to Comment
  • Canadian Solar's Parabolic Rise Provides Excellent Short Opportunity [View article]
    You claim you short the stock, so question is at what price? No, it is simple to say that is what makes market. You do not know the company but you suggest to sell short because stock went up? You called margins as red, while the company had 12.8% GM, you see unrealistic profitability on what? They sold $92M solar plants at 25% GM to be part of the Q3 revenue. $12M loss was caused by $20M Forex. Condition, which has changed in Q3.
    Good luck with your short, but certainly if you do not know facts you play with fire.
    Oct 8 02:49 PM | 2 Likes Like |Link to Comment
  • JinkoSolar's Stock Is Likely To Lose 15% - 25% Of Its Shine In The Fall [View article]
    I study industry and individual companies. JKS has become first among US-listed peers to earn the profit. The Q3 conditions have both improved in volume and ASP. I expect not only repeat but increase earrings in next two quarters. I can see the company to earn at least $2 to $3 per share in 2014. I am not surprised, but very few people including analysts have a remote idea what is happening in solar today. I suppose the debate is if the market is going to give JKS PE of 10, which would make the stock appreciate few dollars or more.
    Sep 18 09:21 PM | 2 Likes Like |Link to Comment
  • Trina Solar: As Debts Come Due, $14 Billion In Off-Balance Sheet Liabilities [View article]
    what is disclosed by the company is a fact. How is presented is not. Gene, you are right. Article has a lot text and may impress people due to sheer volume of data. Trina may have issues but their are other in nature than its debt.
    Jan 7 11:05 AM | 2 Likes Like |Link to Comment
  • A Closer Look At Canadian Solar's Way Of Mapping The Industry's Future [View article]
    Good question Gebby, I own TSL and YGE right now, which in my opinion covers the top end of the industry. I believe that the roadmap presented by Canadian is very doable, but I am not 100% sure if it is doable by Canadian. GCL statements about market adjusted pricing are great, but market can adjust upwards as well, this is where Canadian would be vulnerable. I guess when wafers are cheap you can always buy them cheap whether you are vertical or specialized, when they are expensive only vertical makes the dough.
    Mar 8 07:20 PM | 2 Likes Like |Link to Comment
  • Canadian Solar Is Looking Strong In 2014 [View article]
    How about continuing your investigations, instead understanding one side of the story. The link and description of court proceedings by Elliot is the same event, CSIQ is not found guilty in anything and CSIQ completely cooperated with SEC on the matter.
    Sniff test, really? Congratulations.
    Feb 4 08:34 AM | 1 Like 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 04:44 PM | 1 Like 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 01:29 AM | 1 Like Like |Link to Comment
  • Q3 Profit Check For U.S.-Listed Chinese Solar Companies [View article]
    Hi Alex, certainly SOL is not the obvious choice. I think that CSIQ and JKS are the top notch picks. However, often market is so demanding that the smallest change may present a darling operator out of favor. I am concerned about Q4 guidance, in particular, lack of solar plant sales for Canadian. This is my speculation, which includes softness in the period after the earnings. On the other hand, SOL has no expectations. The company is being avoided by brokers; they seem to be disassociated with solid stock appreciation despite 156% YTD return. I am in a group of less obvious, which holds a risk, as well. I only moved last week, while I took excellent returns on CSIQ. I consider coming back to CSIQ at one point. The company is the best choice fundamentally, but in my current model I move a lot more in pursuit of returns.
    Oct 28 08:06 PM | 1 Like Like |Link to Comment
  • The New Chinese Solar Tax Break Is Illusive [View article]
    They get burned in the minute ? they did not get burned projects are build check at the investment line of $166M, I hope you know accounting. These are cash resources on deposits longer than a year. They are already profitable. I would suggest check some articles here
    If you are interested in writing articles with fundamental backing (thanks for correcting nonsense by bloomberg about credits to manufacturers) then let me know.
    Oct 9 08:56 AM | 1 Like Like |Link to Comment
  • JinkoSolar's Stock Is Likely To Lose 15% - 25% Of Its Shine In The Fall [View article]
    Not really, fundamentally the stock is cheap even including this increase. like I said before, most of the articles on SA are written to induce either buy or sell actions. I suggest anyone interested in fundamental reviews of JKS and solar companies to visit our site. Nobody there made a mistake of assessment offered by David. Again, very few people care one way or another about this industry today and more so for Chinese, but things have shifted dramatically and the shift is on, all to the good.
    Sep 20 10:52 AM | 1 Like Like |Link to Comment