SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Semi Equipment Analysis
SOXX 299.81+2.7%4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Return to Sender who wrote (61001)8/8/2013 3:42:58 PM
From: Donald Wennerstrom1 Recommendation

Recommended By
Return to Sender

  Read Replies (1) of 95611
 
As shown by your chart, SUNE price bottomed at 1.44 in the middle of 2012. Up until that point, S&P had positioned them with a "star" value of 2 for quite a few months. Then in mid 2012 they raised the ranking to a 3 for about 9 months, and then around Feb of this year, they jumped the rank from a 3 to a 5. It remained at a 5 level(strong buy) until the day before the earnings announcement on Monday when they went back to a 4 level(Buy). Then on Tuesday, earnings were released and we know what happened yesterday. After the earnings announcement, S&P reaffirmed their 4 ranking.

During the last many months, other analysts have raised their ratings on SUNE. From the low point of 1.44 in 2012, the stock had risen to a high of 10.47 on 7/30/13 when it started to recede a little. The stock has been bouncing from yesterday's close, presently around +7 percent.

SUNE has been trying over several years to "re-invent" itself. Mostly by going into the solar sector. Maybe this process has been going OK overall, but during this period, fundamentals have suffered. The table shows some of the issues.

gurufocus.com

Everyone can review the numbers themselves, but I highlighted a few that shows deterioration on a per share basis over the past few years. These numbers have to improve to go along with higher stock prices.

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext