TGIF! Its been an exciting and disappointing week for us. As we end the week, we have three positions still open – KKD, YGE, and JKS. We are looking to exit these as soon as possible to get into some new positions. For KKD, I am wanting to exit this one at 5.67 for a 2% gain. I am sure if we continued to hold onto it we could make 4-5%, but its time to move onto something else. YGE has been our dog today after FSLR reported record profits, beat estimates, and guided higher. I am still holding onto this one. The thing about FSLR is that the company is down today because it could not continue to operate with profit margins and operating margins near 30%. Most other solar companies, however, are still on their way up to that. First Solar’s earnings were very strong, and they guided well. This is really good fundamental news for all undervalued solar stocks – YGE. We will continue to hold.
Finally, we are up over 3% on our position in Jinko Solar (JKS). The stock reports earnings on Monday, so I will be looking to lock in gains on this one today. We will look to exit 2/3 of the position at 30.90 – 31.20.
We will spend the rest of the day updating our Longterm and $5 Lists, taking a look at Big Lots, and monitoring our current positions.
Longterm Rating: Big Lots Inc. (BIG)
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Good Investing,
David Ristau
