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China Sunergy (CSUN): Q2 EPS of $0.03 beats by $0.02. Revenue of $70M (-37%) vs. $61M. (PR)

China Sunergy (CSUN): Q2 EPS of $0.03 beats by $0.02. Revenue of $70M (-37%) vs. $61M. (PR)
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Comments (4)
  • Michael Clark
    , contributor
    Comments (8862) | Send Message
     
    Let the spin-doctors begin: explain to us again how losing 37% of revenues is REALLY a GOOD thing.
    27 Aug 2009, 08:00 AM Reply Like
  • jpiretti
    , contributor
    Comments (712) | Send Message
     
    The stock was trading in the low 20's (now 5.63) one year ago. Can you lose 37% of revenue and be a better value?...In this case..yes.

     

    On Aug 27 08:00 AM Michael Clark wrote:

     

    > Let the spin-doctors begin: explain to us again how losing 37% of
    > revenues is REALLY a GOOD thing.
    27 Aug 2009, 08:23 AM Reply Like
  • jpiretti
    , contributor
    Comments (712) | Send Message
     
    Sorry...wrong numbers..was around 11 now 4.37...still good value relative to price change.

     

    On Aug 27 08:23 AM jpiretti wrote:

     

    > The stock was trading in the low 20's (now 5.63) one year ago. Can
    > you lose 37% of revenue and be a better value?...In this case..yes.
    >
    27 Aug 2009, 08:26 AM Reply Like
  • Michael Clark
    , contributor
    Comments (8862) | Send Message
     
    Forward PE is over 15. That's still pretty expensive, for a company that has shed its stock price from 11+ to 4+.

     

    The question is NOT just about stock value however. It's about whether the company is going to survive during difficult economic conditions (that might last for another decade). A lot of companies are going to go bankrupt. Analysts who are treating this as just another recession may be making a mistake.

     

    On Aug 27 08:23 AM jpiretti wrote:

     

    > The stock was trading in the low 20's (now 5.63) one year ago. Can
    > you lose 37% of revenue and be a better value?...In this case..yes.
    >
    27 Aug 2009, 01:15 PM Reply Like
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