Sep 24th, 2007, 09:53
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只看该作者 #61 | |
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TSL is moving above 55 now ... STP is making steadily up, daily high at 42.50 now... Solf, CSUN continue rebounce... SOLF today add 5.2%... |
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Sep 24th, 2007, 10:32
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只看该作者 #64 | |
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TSL, STP, LDK, SOLF, CSUN... all moving very strong as expected.... STP is going to make new 52-wk high shortly... one one step away... |
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Sep 24th, 2007, 12:24
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只看该作者 #65 | |
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China Sunergy, certain of its officers and directors, and the Company's underwriters are charged with including, or allowing the inclusion of, materially false and misleading statements in the Registration Statement and Prospectus issued in connection with the IPO, in violation of the Securities Act of 1933. Particularly, the Complaint charges that China Sunergy raised over $107.52 million through the issuance of 9.775 million shares, despite the Registration Statement's false and misleading statements that the Company: (1) was a ``leading manufacturer of solar cell products, as measured by production capacity'' that was experiencing remarkable revenue growth; and (2) had secured a sufficient supply of polysilicon, a raw material necessary to the continued production of its solar cell products. Yet at the time of the IPO and unbeknownst to shareholders, the Registration Statement failed to disclose that China Sunergy was already having difficulty obtaining a sufficient supply of polysilicon, which foreseeably would have a near-term adverse impact on earnings. On July 3, 2007, only weeks after the IPO, China Sunergy issued a press release announcing preliminary results for 2Q:07 well below guidance, and claimed that it could suddenly not obtain critical raw materials necessary for production and its revenue goals. The Company's press release stated that ``the relatively tight supply of polysilicon affected the quality, quantity and delivery of wafers and drove up overall wafer prices in the spot market, resulting in increased pressure on China Sunergy's margins.'' On this news, shares of China Sunergy fell nearly 25% in a single trading day, from a high of $14.90 on July 2, 2007, to a close of $11.28 the following day, on exceedingly high volume of 3.659 million shares. As the impact of China Sunergy's belated disclosures resonated in the market, shares of the Company continued to decline, to about $7.50 per share by August 23, 2007. Shares fell significantly lower days later, to below $5.00 per share -- on news that the Company's CFO was resigning -- after China Sunergy revealed a loss of at least $.14 per share for 2Q:07. In all, China Sunergy shares fell from $16.70 per share from the highs following the IPO, to a low of below $5.00 per share -- all within approximately 10 weeks. |
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Sep 24th, 2007, 13:21
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只看该作者 #66 | |
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The news of this lawsuit against CSUN was already build-in the stock price (it dropped CSUN stock price from 8 to 5)... For long-term, I don't think this class action will impact CSUN much (except short term impact on stock price) If you read the CSUN IPO prospetcus about the risks section, you will notice there are ample detailed discussions about the impact of CSUN business due to shortage of silicon raw materials... Here are a few statements from it: "We believe that the following are some of the major risks and uncertainties that may materially affect us: • the current industry-wide shortage of silicon raw materials may constrain our revenue growth and decrease our gross margins and profitability; • our dependence on a limited number of suppliers for key raw materials and customized manufacturing equipment could result in order cancellation and decreased revenues; " ... We primarily purchase wafers from third-party suppliers to manufacture our solar cells.... The procurement costs of silicon wafers and other silicon-based raw materials have accounted for a substantial majority of our cost of revenues. In contrast to some of our vertically integrated competitors that can obtain polysilicon supplies internally below market price, we do not have, and will not in the foreseeable future establish, any polysilicon manufacturing facility. The global supply of polysilicon is controlled by a limited number of producers and there is currently an industry-wide shortage of polysilicon due to the growing demand for solar power products and the continuing expansion of the semiconductor industry. According to Solarbuzz, the average long-term supply contract price of polysilicon increased from approximately $35-$40 per kilogram in 2005 to $50-$55 per kilogram in 2006, and is expected to increase to $60-$65 per kilogram in 2007. In addition, according to Solarbuzz, spot prices for polysilicon were, in some cases, as high as $300 per kilogram in 2006. Increase in the price of polysilicon has resulted in increase in the price of wafer. For example, our monthly average purchase price of 125-millimeter monocrystalline wafer rose by approximately 14.2% from January 2006 to September 2006. These increases in the price of silicon raw materials have in the past increased our production costs and may continue to impact our cost of revenues and net income. According to Solarbuzz, the polysilicon shortage is expected to last until 2008. We do not expect that the supply shortage of polysilicon and silicon-based raw materials, including crystalline silicon ingots and silicon wafers, will be remedied in the near term. Partly as a result of the industry-wide shortage, we have, from time to time, faced a shortage of silicon raw materials and experienced late delivery from suppliers and have purchased silicon raw materials of lower quality that have resulted in lower conversion efficiencies and reduced revenues per cell. We may continue to face such shortage, late delivery or lower quality of supply in the future for the following reasons, among others. First, we do not have a history of long-term relationships with silicon raw material suppliers. Second, many of our competitors, who also purchase silicon raw materials from our suppliers, have had stronger relationships as well as greater bargaining power over the suppliers. Currently we procure a substantial portion of our silicon wafer or other silicon-based raw material supplies under short-term supply contracts. To address shortage of silicon wafer supplies, we also secure silicon wafers from some of our customers, and sell solar cells to them in return. We also focus on forging long-term supply relationships with global and domestic suppliers throughout the supply chain in an effort to secure a cost-effective supply of silicon wafers and silicon-based raw materials. However, we cannot assure you that our procurement efforts will be successful in ensuring an adequate supply of silicon raw materials at commercially viable prices or at satisfactory quality to meet our solar cell production requirements. If we are unable to meet customer demand for our products, or if our products are only available at a higher cost because of a shortage of silicon raw materials, we could lose customers, market share and revenue. This would materially and adversely affect our business, financial condition and results of operations. Our dependence on a limited number of third-party suppliers for key raw materials and customized manufacturing equipment could prevent us from timely delivering our products to our customers in the required quantities, which could result in order cancellations and decreased revenue. We purchase silicon raw materials from a limited number of third-party suppliers. Our top five suppliers supplied approximately 48.4% of our total silicon raw material needs in 2006, mostly under contracts with a term of less than one year. If we fail to develop or maintain our relationships with our major suppliers, we may be unable to manufacture our products or our products may only be available at a higher cost or after a long delay, and we could be prevented from delivering our products to our customers in the required quantities and at prices that are profitable. Problems of this kind could cause order cancellations and loss of market share. Historically, we encountered problems with respect to the quality of silicon raw material supplied by some of our suppliers, which resulted in lower conversion efficiencies of our solar cells. The failure of a supplier to supply materials and components that meet our quality, quantity and cost requirements in a timely manner could impair our ability to manufacture our products or increase our costs, particularly if we are unable to obtain these materials and components from alternative sources on a timely basis or on commercially reasonable terms. As of the date of this prospectus, we have entered into contracts and framework agreements for sufficient raw material supplies to support our planned production of approximately 110 MW of solar cells in 2007. The pricing terms under our framework agreements are to be determined based on future negotiations. In the event that we cannot reach agreement on the pricing terms with the suppliers in the future, those framework agreements will not be enforceable and, we will then need to seek alternative supplies. We may not be able to secure sufficient alternative supplies...." Here are only a few paragraphs... there are pages after pages of such discussions.... so, I believe the law suit will end up nothing... |
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Sep 24th, 2007, 15:27
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只看该作者 #67 | |
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Sep 24th, 2007, 22:58
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只看该作者 #68 | |
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但大势弱时，有lawsuit 的股会跌的快， 涨的慢。 只到基本面改观， 才会一飞冲天。 瞎猜猜， 巴菲特可能喜欢这类股。 |
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Sep 25th, 2007, 10:52
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只看该作者 #70 |
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SOLAR Sector is hot.... ALL solar stocks are moving strong lately... not only leading stocks such as LDK, TSL, JASO, YGE, even though hard-beaten ones are rebounding nicely... SOLF, CSUN, CSIQ -- all add about 10% today alone ... |
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