RE:SOLAR: FYI Sukhi19 wrote: https://www.livemint.com/Industry/ODY43TOYQf0M9BsLvkYN9K/ISA-nations-adopt-Delhi-agenda-to-hike-solar-share-in-energ.html
I guess, Crius's small beginning may someday bring the desired results.
They are claiming that they will start turning profitable w.e.f. Q3.
Sukhi, by now it's pretty obvious they have a very porous management. Looking back at the charts, even though the fundamentals don't warrant it this Trust's units have been on a steady dicline since their high. That would be an open door for some SHORTS and they took advantage of it.
Also, when I mentioned porous management, they have someone that is LEAKING information to select individuals. I'm not going to point fingers but there is a timeing event that is synonamous with the drop in unit price then of course there is SOLAR. It may be a small part of their operation but it will be a cold day in hades when it becomes profitable IMHO. Also, it's a recognized dog and I doubt that they can sell it even if they want to.
We are back to the same level we were at 3 years ago. Their peers don't seem to be faring any better than this and have all dropped but at least they have shown signs of a bottom.
Once a company loses the confidence of its investors, it's extremely difficult to bring it back. Management has some holes and they need to patch them up. They also have some rotten apples in that barrel that need to be taken out.
I've been looking at the histories of several victims of short attacks. Not all but just about every company that's doing well and SHOULD continue to do well gets hit by a short attack when an individual or individuals LEAK information that can be used against the company they work for. Surprisingly, that information is often leaked in an innocent manner. Making comments at parties, online to a trusted friend etc.
Another "concern" I had with their report was blaming their revenues on the recent weather. I call BS on that one. It sounds like POOR hedging judgement AGAIN on how much energy they can sell and having to dip back into the GRID at close to retail prices to sell at a loss because of contractual obligations. Again, this is jus IMHO.
I really hope I'm proven WRONG.