Canadian Solar gave a solid Q4 ER....
Q4 Sales were $127.5 million vs expected $120.47 a beat on Sales by $7.03 million +5.7% beat...
Q4 EPS came in @ 20 cents vs expected 18 cents a beat by 2 cents +11.1% beat.....
Guiding Q1 Sales way higher to $150 million to $155 million vs expected $138.73 million a HIGHER guidance on Sales by $13.77 million +9.9% higher guidance for Q1.....
Sequentially Sales are going UP by $25 million +19.60%...a stunning guidance for Q1
Guiding Q1 EPS to come between $12 million to $12.5 million almost doubling of EPS...
Guiding 2008 Sales between $650 million to $750 million a conservative guidance based on Q1 trend...practicing UPOD consensus IS $711.05 million.....
Guiding 2009 as another 100% growth in PV solar modules & 300% in UMG products.....
CSIQ expects further margin improvement in 2008 & 2009
CSIQ UP $1.30 on bid.....
CC starts @ 8 AM
BLOG does NOT give buy or sell.
Saleem
8 comments:
Gmorning Saleem,
Congrats on CSIQ my friend. I'm real happy for you. I made a few changes early this morning. I sold CCC for a small loss. I bought TKC and MON. So I am:
LDK, ADM, CHNR, TKC and MON. Good luck today.
Hi Doug,
A very GOOD morning
Thanks for your note re CSIQ....
Making good decision is KEY in any market.....it may not work same day...but IT will work by end of the week....
I like your 5 stock approach....sounds very familiar !!!
Saleem
SALEEM
A fine good day to you.
WOW on CSIQ-up 11%-you deserve a winner --this one sure is
I see a sea of green today
Even my CMED may have put a floor in
and go up from here. I am down $14 smackers.... Grrrrrrr.
DSX is up 4% YES!
Have a great day
Hi Madmax,
Thanks for your note.
Most portfolios will recover today.
CMED you need to be patient...as it needs to build a base above 200dma.
Saleem
SALEEM
FYIO:
ry bulk rates seen extending gains
Wednesday, 05.03.2008, 12:19am (GMT)
Shipping rates for commodities may extend their gains because of
China's demand for coal and iron ore and the start of the South
American grain exporting season. The Baltic Dry Index, an overall
measure of commodity- shipping costs on different routes and ship
sizes, surged 5.9 per cent last week to 7,613 on Feb 29, after the
previous week's 2.3 per cent decline, according to data on the London-
based Baltic Exchange. The measure rose 26 per cent last month from
the end of January.
More iron ore cargoes are expected to be shipped prior to the April 1
increase in contract iron ore prices.
Vale do Rio Doce, the world's largest iron ore producer, and China
Steel Corp agreed to a 65 per cent price increase for the raw material
used to make steel, the Rio De Janeiro-based Vale said on Feb 25.
Baosteel Group Corp, China's largest steelmaker, on Feb 22 agreed to
pay Vale 65 per cent more for contract iron ore, accepting prices paid
by Japanese and South Korean rivals.
'I believe the rebound in the Baltic Dry Index will continue through
the first half of this year,' Ryu Je Hyun, an analyst at Mirae Asset
Securities, said by telephone from Hong Kong. Concern about a global
economic slowdown 'will affect the overall market, but dry-bulk
shipping will depend on China-driven demand', Mr Ryu said.
China's infrastructure demand, higher steel prices and growth in steel
consumption will drive a 6.9 per cent rise in global iron ore this
year, Merrill Lynch said in a Feb 28 report. In 2009, iron ore demand
may rise 6.4 per cent. Iron ore is the single-biggest commodity
shipped by sea.
'We are positive on the outlook for the dry bulk sector for the next
six months,' Merrill Lynch analysts led by Paul Dewberry said in the
report. 'We see limited near-term downside as seasonal benefits from
the southern hemisphere grain season and a completion of iron ore
negotiations drive demand and support rates.'
The southern hemisphere grain season runs from February to June.
China's decision to halt coal exports until April after the heaviest
snowstorms in 50 years, may prompt countries such as South Korea,
which relies on China for the fuel, to source it from more distant
suppliers such as Australia and South Africa, Mirae's Mr Ryu said.
That will tie up bulk vessels for longer, tighten supply and push
rates higher.
The re-opening by Vale of its Itaguai maritime terminal after closure
for repairs 'could provide a catalyst for a boost in dry-bulk activity
out of Brazil', Dahlman Rose & Co analysts led by Omar Nokta said in a
Feb 29 report.
Itaguai, Vale's fourth biggest iron ore export terminal, was closed
following an accident on Dec 8 when a vessel hit and damaged berthing
equipment. The port, in Rio de Janeiro, has the capacity to export 25
million tonnes of iron ore a year. It reopened on Feb 19.
Source: Bloomberg
Hi Madmax,
Thanks for posting trend of shipping rates.
I am glad for your position in DSX & DRYS.
Saleem
Saleem,
I figure if I dont listen to sound advice, shame on me! LOL. The only problem I have with 5 stocks is that i sell them so fast, its hard to keep 5 trades on. Best wishes. p.s. noticed I followed you into TKC??? LOL.
Saleem,
Home prices are starting to finally soften up in the Atlanta Area. Not all areas are effected, some actually are seeing gains of 7%. New homes are on sale $1.3M now $989K! A bargain! Good luck in the market. I've had to walk away to get my head clear.
Standards
Post a Comment