Re: Evergreen Solar Third Qtr. Results . Ships over 1.5 megawatts.

ausound wrote:
-=DirtBag© <Dirt@xxxxxxxxx> wrote in news:4915b6af$0$33562
$742ec2ed@xxxxxxxxxxxxxx:

ausound wrote:
-=DirtBag© <Dirt@xxxxxxxxx> wrote in
news:4914bf78$0$33556$742ec2ed@xxxxxxxxxxxxxx:

d. wrote:
=?ISO-8859-1?Q?-=3DDirtBag=A9?= <Dirt@xxxxxxxxx> wrote:

Uncle_vito wrote:
That is a penny stock. I do not look at stocks less than about
$15.00. FSLR has more of a track record, but it is a little more
expensive.

Vito


"-=DirtBag©" <Dirt@xxxxxxxxx> wrote in message news:4911e4b3$0$33590$742ec2ed@xxxxxxxxxxxxxxxxx
IMO. Once the have all the quad furnaces going and they start
ramping up the production for 2009 delivery this stock is going to
show great numbers and reduce that debt associated with the
building of the new production plants. Think 2009-2012 for the
big gain$ But as long term investors and institutions start
acquiring this stock it will double.. in 2011 this $4 stock could
be $50-100 IMO. You need to think of cost per watt of power generated. This string ribbon technology is the lowest cost per
watt of any of the current solar cell production. Buy when it is
cheap. It is proven technology, in production. Not some hyped
idea or future development. It is real and proven and they have
state of the art manufacturing plants online and ramping up to
fill the many back orders then have inked deals on.


Evergreen Solar Announces Third Quarter 2008 Results
Devens Factory Ships Over 1.5 Megawatts of Solar Panels

MARLBORO, Mass.--(BUSINESS WIRE)--

Evergreen Solar, Inc. (NasdaqGM: ESLR), a manufacturer of String Ribbon(TM) solar power products with its proprietary, low-cost
wafer technology, today announced financial results for the
quarter ended September 27, 2008.

Recent Highlights:

-- Shipped over 1.5 megawatts of solar panels from the Devens
factory, twelve months after we broke ground for this
450,000 square foot green field facility

-- Received all 200 Quad furnaces to support the first 80 MW
Phase of which 135 furnaces were in operation by the end
of the quarter, ahead of our plan

-- Signed two new long-term sales contracts totaling more
than 160 MW with United States-based Mainstream Energy LLC, and
a leading Japanese global enterprise company, extending
the company's total contractual backlog to more than 1 GW
spanning over the next 5 years. Shipments under these two
new contracts will begin in 2009 and continue through
2012. The solar panels for these two contracts will be
produced at the company's Devens, Massachusetts facility
and at the next factory the company expects to build. With
these new contracts, all 160 MW of annual manufacturing
capacity of the Devens facility is now 100 percent
committed from 2010 and beyond

-- Received net proceeds of approximately $325.8 million
relating to the recently completed $375 million convertible notes
financing, enabling the company to complete the Devens
facility, begin construction of its string factory and
fund its working capital needs as it gradually begins to
generate cash from operations in 2009

"We are very pleased with the significant progress we have made
with our Devens facility, and we continue to remain on schedule
with the completion of both 80 MW phases," said Richard M. Feldt,
Chairman, President and Chief Executive Officer. "Virtually all of
the equipment required for the first 80 MW phase is on site and we
will begin to install equipment for the second phase late in the
fourth quarter of 2008. We expect to begin shipping product from
the second 80MW phase during the first quarter of 2009.

"While the macro economic environment remains challenging, our
technology, business model and customer base all remain
fundamentally strong, as evidenced by the two long-term sales
contracts we recently signed, and as such, we remain confident in
our ability to realize substantial profitability in 2009," Feldt
continued.

Financial Results for the Third Quarter 2008

Product sales were $17.8 million for the third quarter of 2008,
compared to $18.1 million for the second quarter of 2008 and $15.4
million in the third quarter of 2007. The sequential decrease in
product revenue was due to slightly lower average selling prices
resulting from the strengthening U.S. dollar during the third
quarter of 2008. Fees from EverQ, Evergreen Solar's joint venture
with Q-Cells AG and Renewable Energy Corporation ASA, were $4.3
million for the third quarter of 2008, compared to $4.6 million
for the second quarter of 2008 and $2.8 million in the third quarter of 2007. These fees consist of royalties associated with
licensing Evergreen Solar's wafer technology and reimbursement for
marketing and sales support provided by Evergreen Solar for EverQ
product.

Gross margin was $1.2 million, or 5.7%, for the third quarter of
2008, compared to $7.9 million, or 34.7%, for the second quarter
of 2008 and $4.5 million, or 24.9%, in the third quarter of 2007.
Gross margin decreased sequentially, as expected, due to higher
costs associated with the initial production of our Devens
facility. Higher initial production costs are temporary and result
from inefficiencies that companies typically incur in the initial
stages of significant capacity changes.

Net loss was $23.8 million for the third quarter of 2008, or $0.18
per share, compared to a net loss of $8.9 million, or $0.08 per
share, for the second quarter of 2008 and a net loss of $3.7
million, or $0.04 per share, in the third quarter of 2007. The
sequential increase in the net loss was principally due to costs
related to the start-up and initial production of the Devens
facility, combined with net foreign exchange losses of $5.0 million. Approximately 4.4 million and 1.5 million shares were
included in the per share computation for the quarter and
year-to-date periods ended September 27, 2008, relating to shares
of common stock previously issued in connection with a common
stock lending agreement with Lehman Brothers International
(Europe) ("Lehman"), pursuant to which we loaned 30.9 million
shares of our common stock to Lehman. The common stock lending agreement was consummated in connection with the Company's
recently completed $375 million convertible notes financing. Under
current accounting rules, since there was an obligation of Lehman
to return the borrowed shares, such shares would have been
excluded from the company's per share calculation. However, due to
the recent bankruptcy filing by Lehman, the company will now
include these shares in its per share calculation on a weighted
average basis pending the company exercising all of its legal
remedies.

Guidance for Fourth Quarter 2008

Revenue for the fourth quarter of 2008 is expected to be
approximately $45 million to $55 million, including approximately
$4.0 million of selling fees and royalty payments from EverQ.
Production is expected to be approximately 12 MW to 15 MW,
including about 8 MW to 11 MW from the Devens facility.

Gross margin is expected to be between 5% and 10%.

Operating expenses, excluding factory startup costs, are expected
to be approximately $12.5 million to $13.5 million. Factory
startup costs are expected to be in the range of $9.0 million to
$12.0 million, including approximately $2.7 million of accelerated
depreciation on equipment associated with the Marlboro ramp down.
Operating loss is expected to be between $16.0 million and $22.0
million. Net loss is expected to be approximately $13.0 million to
$19.0 million, or $0.08 to $0.12 per share, based upon
approximately 162 million weighted average shares outstanding.

About Evergreen Solar, Inc.

Evergreen Solar, Inc. develops, manufactures and markets String
Ribbon(TM) solar power products using its proprietary, low-cost
wafer technology. The company's patented wafer manufacturing
technology uses significantly less polysilicon than conventional
processes. Evergreen Solar's products provide reliable and
environmentally clean electric power for residential and
commercial applications globally. For more information about the company, please visit www.evergreensolar.com. Evergreen Solar(R)
and String Ribbon(TM) are trademarks of Evergreen Solar, Inc.
The trading range suggests otherwise to your lame ass statement..
"ESLR is a penny stock"

Pull up a chart Vito and see that 5-years ago it was $2.50-3.00.
It has traded as high as $18.85 LESS THAN 12 months ago..4.35/5
Bid/Size
4.35/25
Ask/Size
4.19
Price Open
3.89
Previous Close
4.47
Day High
4.01
Day Low
2.17
Beta (5yr)
18.85/12/26/07
52wk High/Date
2.11/10/24/08
52wk Low/Date
717.2 Million
Market Capitalization
164.9 Million
Shares Outstanding
163.10
Volatility Avg(20 day)
5.7 Million
Avg Vol (10 day)
NM
P/E Ratio
-0.246
EPS (TTM)


So what are you talking about? Or is that all it amounts too
..that your 'just' talking like so many here..

A lot of people consider anything under $5 a "penny stock" these
days. A dollar ain't what it used to be.
Ok I will accept that a stock that has never traded north of $5 could
be considered a dollar 'type' stock.

However I would think that a stock that has traded within the last 12 months at a high of $18.85 and is currently trading at $4.42 not a penny stock. It is what i consider a momentary dip like so many others.. right now. SO lets take a average of the yearly high
$18.85 and low $2.11. Looks to me that that gives us a average of
$10.45 Look I am not trying to be a wise ass. I think Vito was
shooting from the hip and he missed by a long shot.

ESLR is not a PENNY Stock and it currently trades at $4.42 and is heading up.


heading up to it's $6.25 resistance
powered by shorts buying to cover

Shares Short (prior month): 30.17M Shares Short (as of 10-Oct-08): 24.15M Short % of Float (as of 10-Oct-08): 14.90% <--

it's not profitable so it has no PE ratio
that "other" ratio.. the price to sales ratio
Price/Sales (ttm): 7.13 too high to be a bargin stock and it's not a momentum stock to warrent
a
ratio that high

it's debt is over 4 times it's revenue
Total Debt (mrq): 373.75M


their non reoccuringexpenses seem to re-occur every quarter and they're
growing sequentially

Non Recurring 11,281 5,281 1,046 358


The last 2 quarters they've deferred $20 million in liabilities under t
he
carpet
Deferred Long Term Liability Charges 10,317 10,195


and their capital expenditures keep growing sequentially
Capital Expenditures (103,658) (61,994) (30,065) (7,584)

you may be able to work some profit out of nimble swing trades or techn
ical
rebounds
but I'd say let this one go Jim
it's a story stock
got a great story
it just sounds like the panacea for what ails us
but the elephants aren't gonna buy big into this

lok at : PETS HMSY NEOG buy 'em on dip [well maybe pets is good to go r
ight
now..dunno]

insistant you want a beat to *** stock in the alt energy biz?
buy GE 6.57 dividend
it's pretty much at it's 30 year support line
[does barclays REALLY have $10 trillion dollars worth of GE?]!!!!

last alt energy: CVA buy it below $15

DOW is a screaming buy
30 yr support
has future nat gas supplies locked up no prob
nearly 7% dividend

if northrup {NOC} tumbles to $34, that would be a good position


Thanks for your input on ESLR. Selling into the $6 range is sound advice..
If the market gets back that Nov-Dec nice warm fuzzy feeling for solar with the right mix of buzz and chit-chat it could do a brief spike in concert with the sector.

DOW is interesting.. GE too and I am starting to like dividends which means my age is starting to show..

RQI has a div of 27% at todays price.. Even if they cut the Div by 50% or 75% it is still a decent return.

RQI pretty much never had less than 11c dividend
but they seem to be repeatedly filing 40-APP Application for exemption and other relief filed under the Investment Company Act of 1940 in paper form so I really can't see what it is

their most recent form N-Q which lists their investments

http://www.sec.gov/Archives/edgar/data/1157842/000110465908036841/a08-15565
_13nq.htm

too many stocks and commercial paper and preferreds to list
but they got allot in Public Storage which seems good and residential aprtments and healthcare properties which also seems spot on

I think it would behoove you to peruse the list of their investments before investing a dime

I will state with no equivocation I DO NOT UNDERSTAND RATE SWAPS
but I suspect them.... I fear them.... I think they're instuments of evil created by city slickers in horn rimmed glasses and suspenders in brooks brothers suits to cheat us country bumpkins out of our hard earned money..


On the NQ statement there is a table titled:
Interest rate swaps outstanding at March 31, 2008 are as follows:

there are nine swaps listed, 2 of which: bank of america and the royal bank of canada to the tune of 28 million dollars already came due in October, THE SAME TIME AS THE STOCK TOOK A DUMPER. the other shoe will drop in April 2009 to the tune of 69 million dollars, ALMOST 2 AND A HALF TIMES MORE THAN WHAT TANKED THE STOCK IN OCTOBER

samples:

..................................unrealized Depreciation

Bank of America $14,000,000.........(51,535)
Merrill Lynch Derivative Products AG $46,000,000..(1,573,787)

Merrill Lynch Derivative Products AG $35,000,000..(422,409)
.....................
2010 SEES $70 MIL COME DUE
2012 sees $35 mil come due
2013 sees $35 mil come due
2014 sees $30 mil come due


I don't know zippy about swap rates..
But tried to understand this definition:

The buyer of a credit swap receives credit protection, whereas the seller of the swap guarantees the credit worthiness of the product. By doing this, the risk of default is transferred from the holder of the fixed income security to the seller of the swap.

http://www.investopedia.com/terms/c/creditdefaultswap.asp

What little I have read leads me to believe that it took a Magician / Banker to figure them out and I really don't fully comprehend this stuff <grin> as it was intended I suspect.

I am tired of thinking everyone in a position of influnce or power is trying to boink me.. Maybe I am getting paranoid or sumpthing, but doesn't it feel like there are just a ***-full of crooks running amuck like cockroaches when you turn the lights on? Everywhere in positions of upper lever financials.. I guess you want to find rats you look in in your cheese box.

RQI came from Ben Stine. Ben mentioned it as one of his favorites that was beaten down but he still liked it.
Self-Storage is still doing well. Medical Condo rentals are always hot. Residential Health Care facilities are excellent too. You know what assisted living cost are and how much is billed to the government. Each bed in a skilled nursing facility rents out for aprox $8000 a month. Huge HUGE money there IMO.

ESLR is a 2009-2010 play in some play books. But it will have the solar spikes in concert with the usual solar suspects. I honestly feel that as the production ramps up ESLR will get some numbers worth noticing.. but they are deep in debt from expansion costs. Barkleys Bank is trying to screw them with the 12 million shares they acquired illegally. I cant see how Barkleys can keep them... Seems screwy and the court will figure it out.

I am so tired of hitting a nice gain and not just taking the bump and walking.. I am trying to modify my gut feelings and just sell without the reservations anything over 5-10% right now as I am screwing myself a lot lately being to optimistic. Time to get in the rythem of buy on deep dips and sell into any gains and repeat.. Unless you are getting a great DIV and it does not get wacked too bad,, it is about selling fast and walking with profit.. Taken me some losses to understand this simple principle..
.

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