RE: The resellingSorry Dawson City. I was composing my post while you were already ahead of me. Great minds or whatever I guess.
Anyway we are in complete agreement on that one obviously.
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Much better strategy then selling to every mom and pop shop.
What is your feeling around XTX strategy to annouce they are in talks, how will this impact STG if at all. Could this pressure others to come to Michael's table?
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1. Yes. Absolutely unless you are selling to the street level installers. Anyone of any stature that STG wants to deal with, already knows the company. If they don't, they aren't worth dealing with. I really don't want to insult Mr. Carten with a question of why a handful of installers in the U.S. don't know their name at a whatever conference. It's good I guess for people who want to learn about solar and products but the customers that Carten is dealing with are a little higher on the scale. Ask Copsica if they know the STG name or INGETEAM or the largest solar companies in Spain or Greece. There obviously is a difference of thinking here. I think from the business point of view as a result of being there. It has worked for me.
2. As far as XTX and the Takeover affecting us. It hasn't done anything to our SP that I can see and hasn't really done a lot for XTX so far (below it's year high and 19% above pre-announcement. XTX has earnings coming out next week and a lot is going to depend on them for the SP.) There has been a lot of hype about 1 million shares going to trade when the news came out and the price going to $16-17 but didn't happen. It may happen yet with earnings. Hopefully it will. I also hold it. If it does, it may spark more interest in STG. Without significant earnings I see a takeover price of $12 which is 50% over its monthly low. I recommend a stop loss on XTX for that reason at 11.30. Time will tell. I have been wrong more than once. Human trait.
On a parting note, I guess the news is affecting STG as it is creating a lot of speculation as to our takeover, amongst us so it is bound to have investors thinking. That is a start.
We are actually doing quite well in the SP in a stock market that is the worst summer since the depression. Hopefully it doesn't crash completely.
Good luck.