10-01-2015, 06:36 PM
Thanks RapidAcid, Earthtodan, and EricL. A pleasure to read all of your feedback. I relate to all of the points, including orthodoxy regarding sticking to companies that have ten year dividend history, prudence regarding promises from management, and ETD's macro view.
I ultimately bought a small position today. I look at it as a positive risk/reward skewed trade. It fell nearly 50% from the IPO, and it has decent names behind it (FSLR and Sunpower), so if it goes back to 15 or so, I may sell it. Also the public excitement toward solar and renewables etc (that same excitement causes me to buy RDSB, CVX etc because they are hated, similar to tobacco in the 90s) makes me feel that there is more upside than downside in the share price.
So to me this is just a small position that my fingers are wrapped a little looser around than, say my prodigious positions in PM, PG, WBA, CVX, KMI etc. I may keep, I may sell in the future.
Note to the newbies: I have 73 hardcore DGI positions in my portfolio so I can afford to take a little gamble. If I were in the beginning accumulation phase of a DGI portfolio I probably wouldn't touch this company.
I guess bottom line this thing has around 10 years depreciation to use, i recall reading? Something like that? So I'm good for a couple years here, collecting a nice yield and looking at where the share price goes. And if it really turns into a respectable cash flow, with 22 year solar contracts...So be it, too.
Thanks again guys. Great to hear all of the points, all of which I agree with.
I ultimately bought a small position today. I look at it as a positive risk/reward skewed trade. It fell nearly 50% from the IPO, and it has decent names behind it (FSLR and Sunpower), so if it goes back to 15 or so, I may sell it. Also the public excitement toward solar and renewables etc (that same excitement causes me to buy RDSB, CVX etc because they are hated, similar to tobacco in the 90s) makes me feel that there is more upside than downside in the share price.
So to me this is just a small position that my fingers are wrapped a little looser around than, say my prodigious positions in PM, PG, WBA, CVX, KMI etc. I may keep, I may sell in the future.
Note to the newbies: I have 73 hardcore DGI positions in my portfolio so I can afford to take a little gamble. If I were in the beginning accumulation phase of a DGI portfolio I probably wouldn't touch this company.
I guess bottom line this thing has around 10 years depreciation to use, i recall reading? Something like that? So I'm good for a couple years here, collecting a nice yield and looking at where the share price goes. And if it really turns into a respectable cash flow, with 22 year solar contracts...So be it, too.
Thanks again guys. Great to hear all of the points, all of which I agree with.