SOL completed its secondary offering last night which was heavily oversubscribed.After commission SOL received $187 million...$17 million more than needed by SOL.....
Total of 9,549,940 new SOL shares were issued.....while another 800,060 shares were sold by insiders for a total of 10,350,000......
SOL can now concentrate on $70 million expansion of existing manufacturing facility which will benefit 08 results......
Another $100 million will go on completing another manufacturing facility which will benefit 09 results....
SOL stock price should move HIGHER now that the uncertainty of secondary is done & over with as per their Form 6-K filed with SEC on June 24th Today.
All Insiders have agreed NOT to sell any shares for another 90 days...thus extending their july lockup from original IPO to Sep 24th ,2008.....thus no selling pressure post IPO lockup expiry!!!
BLOG does NOT give buy or sell.
Saleem
5 comments:
HELLO Saleem
What a stock market a steady down beet latley. OILs are on fuego! PQ looking at $30. I am thinking that DRYS and DSX should start an uptrend soon.
We may now get action in SOL and I thank you for the great insight that you offer on solar stocks.
RIMM may balst up or sell on hte earning news. So far AAPL has gone down on no news that warrants a $10 a share haircut.
Be carefull with your RIMM profit!
Just my .02 cents
Hi Madmax,
Thanks for your note.
I appreciate your kind words for my postings.
RIMM I have a defined plan which I will execute @ the appropriate time.
Markets are getting close to the bottom.....wed we turn UP in a big way.
PQ IS working for you $$$
Saleem
Yikes!!! it's a sea of red.
Good morning all.
Victor
Hi Victor,
Only 238 dow points from LOW ???
Yes..Deep RED is the colour ...
Saleem
VISA is on sale here at $78.51.
Credit Suisse Rating
Current Rating is Neutral since June 23, 2008
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Goldman Sachs Rating
Current Rating is Buy since April 28, 2008
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Goldman Sachs Commentary
What's changedVisa reported 2QFY08 EPS of $0.52, well above our $0.44 estimate driven by (1) $27mn of revenue upside, and (2) lower operating expenses, resulting in a 46.1% operating margin vs. our 41.6% estimate. Reported December volume trends (lagged by a quarter due to Visa’s revenue recognition) outperformed our expectations across virtually all geographies and products, and management’s...
Argus 12 Month Rating
Current Rating is Hold since May 31, 2008
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Argus Analyst Report
INVESTMENT THESIS
We are reiterating our near-term HOLD rating and our long-term BUY rating on Visa Inc. (NYSE: V). Visa owns and operates the world's largest payments network, facilitating commerce between consumers, businesses, merchants and the banks that issue and...
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Standard & Poor's Opinion
Current Rating is 3 STARS since May 19, 2008
Standard & Poor's Opinion Standard & Poor's Commentary
We expect revenues to advance 22% in FY 08 (Sep.), mainly due to double digit growth in payment volume and transactions processed. We think that overseas business, which currently comprises roughly 40% of revenues, will be the main driver of top-line growth. While we anticipate that U.S. spending growth will slow, our concerns are offset by increasing use of credit cards for non-discretionary spending.... Download Standard & Poor's report
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Reuters Research Average Rating
Current Rating is Outperform since June 01, 2008
Reuters Research Average Rating Commentary
The Reuters Research Average Rating of 23 brokers is OUTPERFORM with a range of BUY to HOLD. Download the Schwab Earnings Report with data provided by Reuters Research
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Buy in MHO
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