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Chinese Tech Stock Weekly Summary (7/7 - 7/13)
Wall Street Breakfast: Must-Know News
News, chart, profile, more
Last: 40.12+0.48+1.21%
Known on exchange as SID
4:02pm 07/16/2008
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Sponsored by:
SID 40.12, +0.48, +1.2%) , the country's third-largest steel producer.
"You need steel" no matter the improvement project, the fund manager said. Steel producers comprise the largest portion of the portfolio, at about 9% of assets. "What's most important," Dzierwa noted, "is that this is a fully-integrated steel company. CSN has its own internally generated iron ore -- and we've seen how iron ore [prices] have been behaving -- in addition to steel."
Iron ore is the key material used to make steel, and its largest producers -- Brazil's Companhia Vale do Rio Doce and Anglo-Australian mining firms Rio Tinto and BHP Billiton Ltd -- have boosted their prices by at least 71% over the last year.
"[CSN] is producing steel at the same time as raw material, so it is not exposed to price fluctuations," Dzierwa said. "It helps manage margins much better than if you were at the mercy of an outside supplier."
Metals USA Holdings Corp. Q2 2008 Earnings Call Transcript
News, chart, profile, more
Last: 40.12+0.48+1.21%
4:02pm 07/16/2008
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Financials
Sponsored by:
SID 40.12, +0.48, +1.2%) , the country's third-largest steel producer.
"You need steel" no matter the improvement project, the fund manager said. Steel producers comprise the largest portion of the portfolio, at about 9% of assets. "What's most important," Dzierwa noted, "is that this is a fully-integrated steel company. CSN has its own internally generated iron ore -- and we've seen how iron ore [prices] have been behaving -- in addition to steel."
Iron ore is the key material used to make steel, and its largest producers -- Brazil's Companhia Vale do Rio Doce and Anglo-Australian mining firms Rio Tinto and BHP Billiton Ltd -- have boosted their prices by at least 71% over the last year.
"[CSN] is producing steel at the same time as raw material, so it is not exposed to price fluctuations," Dzierwa said. "It helps manage margins much better than if you were at the mercy of an outside supplier."
IPO Analysis: GT Solar - A Unique Player in the Solar Industry
The Effects of Oil Speculation
Want to Profit from Sky-High Oil? Avoid the Majors
...so to feel good about being in a large Oil company, yet have tremendous exponential profit growth and share price rise, PBR is the only one to own... it will start its usual rise into earnings in the next week or two, then as analysts are recently predicting, it will rise to around $95 per share... we PBR longs have seen this over and over again... the same "controversial&qu... issues have been around since PBR was selling for $18 per share... the controversies about Brazilian gov ownership if much of PBR shares is not news, it is like owning a piece of Saudi oil/gov oil, no difference... a nice thing to be a part of in the future... true news on PBR is really fantastic, Barrons last week had it on the cover page, and restated that it is a must own for oil, especially during this "'opportunity pullback. Read Barrons on this... best to all of you...
Three Plays on Solar Strength This Summer
...and SOL has a forward PE of around 6.... some analysts suggest SOL's forward 09' PE is as low as 4, yes not a typo... 4.
So not sure what point "priced in" even means with respect to SOL which obviously has a forward PE which is rediculously low... so not sure also which solar you are concerned with...
...we thus plan to stay in SOL until we see a major change in this, here at Stockaccumulator. We likely will review whether to sell our large position in summer of 09', when we believe SOL will be bouncing around the $55-60 range.
Low PE was one of the reasons, along with exponential profit growth, why Investors Business Daily's totally neutral computer rating system in early June, rated SOL the 4th best company in the world to invest in (out of 25,000) companies (not just solars) their customers are actually the other growing solars everyone likes... See also Piper Jaffray's long version of their report on SOL. They practically audited the company, and love it.
Three Plays on Solar Strength This Summer
Temporary Market Bottom? 3 Solar Stocks That Look Like Bargains
SOL (Renesola) is the best play today of all solars... up briefly by 10% yesterday, clearly ready to take off at its earnings report in a few weeks, you will see it up 8% per day for a couple weeks, like last time when it was up over 250% in 2 months...
Some analysts say SOL has a forward PE of 3 ... yes this is not a typo ... 3! .... But analysts differ, many say 6, either way very low, rediculously low.
...with careful analysis we at SA place SOL at over $60 by summer '09, and we like Piper Jaffray, Investors business Daily and Zacks like it the best of all Solars by far... it may even be a buyout candidate, who knows...
keep writing great articles like this... the world and the US need solar, and investors will make it happen, they will get wealthy doing so ... and the world will be better off...
...too many are spooked for no reason from time to time on nothing silly news... (see the awful poorly written articles (totally unresearched too) over at Motley Fool last week... at least Alpha has some great writers... congrats...
Solar Wafer Prices On the Rise Again?
Solar Sector Plunges Right Along With Market
SOL Renesola has proven that it has exponential profit growth, and will continue to ... hence why Investors Business Daily rated it the 4th best company out of 25,000 companies IBD had their computer system totally rate. The Chinese SEC is strict on reissue after reissue, so SOL it appears had to do whatever its dedicated chinese management felt it could to raise money to buy equipment and locations and staff to meet its amazing demand for its low cost recycled (sort of) components that are actually sold to other solar companies. You can't lump SOL in there and their management as some sort of dishonest thieves. In China, people do serious jail time especially where the investors are also Chinese funds, investors, risking their life savings, etc. It is important to read about each reason why insiders sell. Some it is greed, some there is a method to the growth story, like SOL.
Piper Jaffray practically audited SOL, went to China, etc... they love it... per their new article published in June. They do serious investigating, and don't put their name on just any company...
Zacks still today rates SOL number one out of 44 solars rated, and it and its independent analysts that Zacks follows still have a very strong buy on SOL (every analyst!)... with its unique product, SOL is a company to buy, hold and later thank your lucky stars you had the courage to ignore the noise.
We see SOL to over $55 by summer 09', as solar industry will be in explosive demand next year. 08' was just a brief temporary taste of things to come in solar. Imagine when oil is stuck at $150 month after month, seemingly forever. Governments local and national worldwide (especially both Obama and McCain) are on the solar bandwagon, and will be very serious on it next year. Meanwhile governments are figuring how to have more heavy taxes on oil profits, they are simutaneously making Solar a prime tax haven, even more than berore, and citizens worldwide are all for it.
And the chinese are able to adapt to low cost, change, innovation. SOL currently has a PE of 4 to perhaps 6... other solars have a PE, some reaching 300, and some make no profit. SOL today makes huge profit, every quarter, and it is growing exponentially. A case of (temporarily) throwing baby out with the bathwater (SOL)... take the time to read about SOL you will see this is all true...
We make a lot of money on fear here at SA... SOL is a new way, a great way to make money for nothing on other people's fear of nothing. Don't be afraid to hold SOL long... there will be a lot of pundits along the way to ignore...you will be glad you did...
Yours Truly, The Stockaccumulator...
Toyota To Add Solar Panels On Prius
Then we will take a second look, and perhaps continue to hold. (SOL may be owned by another solar company by then, thus making its stock price higher).
We make a lot of money doing this. Others like the "reporter" on Thestreet.com video (not sure who or what he is) apparently hold companies for a few days, weeks or a month or two. Then get scared and sell, even outstanding companies that will have great success. We would do this buy/hold early in the creation of DELL, NOKIA, GOOGLE, and on and on. We have made a lot doing this. There have been many companies like SOL in the past, early on, but they are perhaps 50 in a thousand. IBD helps us find them first, then we look at a hundred other sources, and read the news carefully.
Unlike the little reporter on Thestreet.com, real experts, like Piper Jaffray send people to China, practically audit the company, and report as truthfully and accurately as possible, ethically, and responsibly let the public know what is going on.
Furthermore, Zacks reports on what a multitude of analysts carefully have found out about a company. In SOL they found out it is a great investment.
Investors Business Daily has a computer program that has no reason to lie about a company. It is a computer. IBD simply reports the profit exponential growth and compares it to 25,000 or so other companies in the world. IBD's computer report of course tells us other additional information, accurately about the company. IBD is another great source, in June proving SOL the 4th best company in the world to invest in.
All three, Zacks, IBD, Piper Jaffray, and all the many other analysts have repeatedly reported accurately that SOL is a must own, must buy stock, in their own reporting language.
Thus all of Wallstreet and all the investing
Solar Sector Plunges Right Along With Market
Then we will take a second look, and perhaps continue to hold. (SOL may be owned by another solar company by then, thus making its stock price higher).
We make a lot of money doing this. Others like the "reporter" on Thestreet.com video (not sure who or what he is) apparently hold companies for a few days, weeks or a month or two. Then get scared and sell, even outstanding companies that will have great success. We would do this buy/hold early in the creation of DELL, NOKIA, GOOGLE, and on and on. We have made a lot doing this. There have been many companies like SOL in the past, early on, but they are perhaps 50 in a thousand. IBD helps us find them first, then we look at a hundred other sources, and read the news carefully.
Unlike the little reporter on Thestreet.com, real experts, like Piper Jaffray send people to China, practically audit the company, and report as truthfully and accurately as possible, ethically, and responsibly let the public know what is going on.
Furthermore, Zacks reports on what a multitude of analysts carefully have found out about a company. In SOL they found out it is a great investment.
Investors Business Daily has a computer program that has no reason to lie about a company. It is a computer. IBD simply reports the profit exponential growth and compares it to 25,000 or so other companies in the world. IBD's computer report of course tells us other additional information, accurately about the company. IBD is another great source, in June proving SOL the 4th best company in the world to invest in.
All three, Zacks, IBD, Piper Jaffray, and all the many other analysts have repeatedly reported accurately that SOL is a must own, must buy stock, in their own reporting language.
Thus all of Wallstreet and all the investing
Cleveland Cliffs Should Have Rallied, Not Plunged 17%
Nice article, but one stock the analysts will have it right in the very near future: (SOL) Renesola is an amazing buy for first thing Monday morning ... all the analysts actually love SOL...
Even Zacks published this (see below article) 7 trading days ago about Renesola (SOL), when the price was bouncing around at about $20.
Zacks Rank in Industry 1 of 44... the best of all solars. Thats number one...
See Zacks' site.
This in addition to Investors Business Daily June computer ranking of SOL as the 4th best company (not just solars but the whole world, every company) to invest in... and in addition to Piper Jaffray's amazing careful on site research on SOL.
Piper Jaffray's article in June practically audited SOL, and its clean balance sheet, and they love it. They don't put their name on just any company.
Last week's drop was clearly a case of throwing the baby (amazing SOL) out with the bathwater to raise cash to feel good before the July 4th weekend... No news on SOL, just bullish: New rediculous cost of oil, and local and national governments worldwide jumping on the Solar bandwagon...
Note that SOL actually sells to other solars, and has a unique method of production and supply, recycling for creation of its product... a unique process and company.
I trust all three combined, Zacks, IBD, and Piper Jaffray.
Read this quote from Zacks last week:
"Through its history, ReneSola regularly adapted to changing market dynamics. The company is aggressively ramping up its polysilicon and solar wafer production capacities. Going forward, increased captive generation of polysilicon will improve its cost structure and enable wafer capacity expansions. Globally, rising solar wafer sales, along with escalating crude and long-term supply agreements, should collectively generate significant earnings growth. Buoyed by these positive factors and
impressive results, SOL increased its 2008 production
output and sales guidance. Accordingly, with a
bullish outlook and an attractive relative valuation, we initiate coverage of SOL with a BUY recommendation and a six-month target price of $24.25, representing 27.2% upside potential."
Note: today, at $13 SOL upside would be perhaps 40% ... Zacks published this above article 7 trading days ago when SOL price was much higher... other analysts have targets of $40, some at $55...
Time to run to your laptop and buy SOL fast...
Getting It Wrong: Analysts Contribute to the Current Downturn
Even Zacks published this (see below article) 7 trading days ago about Renesola (SOL), when the price was bouncing around at about $20.
Zacks Rank in Industry 1 of 44... the best of all solars. Thats number one...
See Zacks' site.
This in addition to Investors Business Daily June computer ranking of SOL as the 4th best company (not just solars but the whole world, every company) to invest in... and in addition to Piper Jaffray's amazing careful on site research on SOL.
Piper Jaffray's article in June practically audited SOL, and its clean balance sheet, and they love it. They don't put their name on just any company.
Last week's drop was clearly a case of throwing the baby (amazing SOL) out with the bathwater to raise cash to feel good before the July 4th weekend... No news on SOL, just bullish: New rediculous cost of oil, and local and national governments worldwide jumping on the Solar bandwagon...
Note that SOL actually sells to other solars, and has a unique method of production and supply, recycling for creation of its product... a unique process and company.
I trust all three combined, Zacks, IBD, and Piper Jaffray.
Read this quote from Zacks last week:
"Through its history, ReneSola regularly adapted to changing market dynamics. The company is aggressively ramping up its polysilicon and solar wafer production capacities. Going forward, increased captive generation of polysilicon will improve its cost structure and enable wafer capacity expansions. Globally, rising solar wafer sales, along with escalating crude and long-term supply agreements, should collectively generate significant earnings growth. Buoyed by these positive factors and
impressive results, SOL increased its 2008 production
output and sales guidance. Accordingly, with a
bullish outlook and an attractive relative valuation, we initiate coverage of SOL with a BUY recommendation and a six-month target price of $24.25, representing 27.2% upside potential."
Note: today, at $13 SOL upside would be perhaps 40% ... Zacks published this above article 7 trading days ago when SOL price was much higher... other analysts have targets of $40, some at $55...
Time to run to your laptop and buy SOL fast...