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JA Solar Holdings (JASO) Q1 2013 Earnings Call May20, 2013 08:35 AM ET Executives Nick Beswick - IR, Brunswick Group Jian Xie - COO Bill Chen -VP of Strategic Development Analysts Brandon Heiken - Credit Suisse Edwin Mok - Needham & Company Satya Kumar - Credit Suisse Presentation Operator Hello and thank you for standing by for JA Solar’s first quarter 2013 earnings conference call. At this time all participants are in a listen-only mode. After management’s prepared remarks, there will be a question-and-answer session. Today’s conference is being recorded. If you have any objections, you may disconnect at this time. I would now like to turn the call over to your host for today's conference, Nick Beswick of Brunswick Group. Thank you sir, please go ahead. Nick Beswick Thank you. Welcome to JA Solar’s first quarter 2013 earnings conference call. Joining us from the company today are Mr. Jian

After a much anticipated wait, the Dreamliner 787 will finally take flight in the U.S. once again on Monday. Following its 11.a.m. central flight from Houston to Chicago, the United Airlines (NYSE:UAL) plane will officially make the first commercial flight in the U.S, with more than 250 passengers on board. This momentous takeoff ended up taking much longer than predicted, as Boeing’s (NYSE:BA) 787 was grounded in January after the battery system caught fire on two Japanese Airlines planes. The aviation supermodel then remained grounded for 123 days as the battery system was revamped by putting more space between battery cells to prevent them from catching fire, CNBC reports. NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW! It was an expensive setback, not only because United was forced to pull six planes from its schedule, generating an $11 million charge to the company in the first quarter, but also because it drew negative publicity to the Dreamliner that had been so highly anticipated and widely marketed. As United advertised on every flight that its Dreamliner would transform the flying experience, CEO Jeff Smisek never predicted just how long his customers would have to wait for this transformation. Nonetheless, he still expresses confidence in his plane as his company continues to ramp up its production, stating that it will deliver 60 of the 787 planes this year. Due to the negative publicity surrounding the plane, including a video of one Dreamliner with smoke drifting out of it in January, there is the question whether passengers will be too fearful to fly on the plane. When pressed about this concern, Henry Harteveldt, airline analyst with Hudson Crossing, replied, “There may be some who are concerned about flying on the 787, but I think they are far and few between.” He believes the plane’s new features will draw customers and help alleviate fear. NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW! Following the flying ban that was lifted in April by the U.S. Federal Aviation Administration, United Airlines has been eager to get its first passengers, including the CEOs of United and Boeing, up in the air. And as of 11 a.m. central time, they’ll finally get that chance. Don’t Miss: These CEOs Are Making Massive Piles of Cash. Read the original article from Wall St. Cheat Sheet

Google (GOOG) the Internet giant has come a long way since its early days as a search engine. Shareholders have been well rewarded since the company's IPO in late 2004 at $85 per share. Today, shares inched closer to the dreaded $1000 level by closing up $5.31 to finish the week at $909.18. The company has its hands in everything these days from display advertising, to mobile, to OS, to online video, to the latest in eyewear technology. In this article I would like to focus on the huge potential YouTube has in the decades ahead. Background YouTube, founded by three early PayPal employees, emerged onto the Internet scene in the middle of 2005 as a place for people to watch and share original videos through a Web experience. The site's popularity grew quickly in 2006 with roughly 20 million unique visitors per month placing the website fifth in the

We go through and connect the probabilities associated with streaks from a variety of settings: from sports to investments. Looking at streaks in different settings and differentiating among them is the best way to appreciate the record streaks we are currently seeing in the financial markets (e.g., number of record highs, or unusually large portion of "up" days in a row). We will use numbers close to 20 in the sample calculations below, though specific current market moves are fluid and are only approximately 20 right now. Sports We start with a simple sports example from the Michael Lewis book Moneyball. The 2002 Oakland A's won 20 straight games, an American League record since 1901. If a team has an even 50% probability of winning any one game, then the probability associated with a 20-game streak would be 50%^20, which is nearly 0%.Before the streak, what would have

Unemployment rates are one measure of how well the economy is recovering, and 40 states experienced a drop in unemployment rates last month. This was the greatest drop since last November. In April, 165,000 jobs were added across the country, and the unemployment rate fell to a low of 7.5 percent, which is the lowest rate since December 2008. On Friday, the Labor Department said that only three states increased unemployment rates: Louisiana, North Dakota, and Tennessee. Seven states had their unemployment rates stay the same. Many jobs have been created due to the housing recovery. In Texas, 41.500 construction jobs were created in the last year. These jobs have helped Texas become the country’s leader in job growth. The state has an unemployment rate of 6.4 percent, which was the same as in April but down from 7 percent a year before. Texas added 33,100 jobs last month and 326,100 jobs over the past 12 months. NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW! New York gained 25,300 jobs in April, which was the second largest job increase among the states. In the past year, the state has added 111,600 jobs, which helped push the state’s unemployment rating down from 8.2 percent in March to 7.8 percent. Part of this decline was due to people who stopped looking for work, which was no longer counted in the unemployment rate. Nevada had the highest unemployment rate in April at 9.6 percent, but it also had the biggest drop in unemployment rate as it dropped from 10.7 percent over the course of a year. Although many people in Nevada simply gave up looking for work, part of that decline is also because of 22,700 jobs that had been added in the last year. It is also important to consider the unemployment rates of the states. Even though North Dakota’s unemployment rates increased, at 3.3 percent, it had the lowest jobless rate. The state’s unemployment rating has continued to be low because of the oil and gas boom there. The drop in unemployment rates points to how the job market is improving around the country. Don’t Miss: Here Are the Euro Zone’s Woes in One Big Chart. Read the original article from Wall St. Cheat Sheet

Is Apple (NASDAQ:AAPL) being unfairly targeted by its own government? Apple and various departments of the U.S. government have been sharing some news headlines lately, and it’s not for good reasons. Is Apple now a once-in-a-decade buying opportunity? Click here to get your 24-page Ultimate Cheat Sheet to Apple’s Stock now! First, the U.S. Department of Justice is proceeding with an antitrust lawsuit against Apple that alleges the company conspired with publishers to price-fix e-books. The trial is scheduled to begin June 3 in the District Court for the Southern District of New York. The government believes Apple started a price-fixing conspiracy with five other publishers in order to challenge Amazon’s (NASDAQ:AMZN) dominance of the e-book market through its strategy of selling newly released e-books for $9.99. Apple maintains that the DoJ is deliberately distorting evidence and points out that the average e-book price has fallen 63 cents since Apple entered the market. On another front, the Senate Permanent Subcommittee on Investigations has summoned CEO Tim Cook to appear before a hearing that is looking into Apple’s offshore tax practices. Apple recently funded its capital return plan with U.S.-based debt rather than repatriating its overseas cash. According to Moody’s Investment Services, this saved the Cupertino-based company $9.2 billion in taxes. The hearing is scheduled for May 21. Finally, Apple also seems to regularly get the short end of the stick from the U.S. judicial system. After being awarded $1.05 billion in damages in its patent-infringement lawsuit against Samsung (SSNLF.PK), Apple saw its original award amount reduced by U.S. District Judge Lucy Koh, who cited the jury’s use of an “impermissible legal theory.” Now Apple faces millions of dollars more in court costs, as it prepares for a second trial scheduled to begin March 2014 against its Korea-based rival. Philip Elmer-DeWitt at CNN Money notes some stark contrasts between the way that Apple is treated by the U.S. government and how Samsung is treated by the South Korean government. Samsung’s Chairman Lee Kun-hee was convicted by his country’s judiciary for bribery and tax evasion. In both cases he received a presidential pardon. Meanwhile, Tim Cook goes to Washington to defend his company’s offshore tax policy, despite Apple paying $6 billion in federal corporate income tax in fiscal 2012. Here’s how Apple has traded over the past week. NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW! Follow Nathanael on Twitter (@ArnoldEtan_WSCS) Don’t Miss: Smartphone and GPS Map Wars Heat Up For Apple. Read the original article from Wall St. Cheat Sheet

Silvercorp Metals (NYSE:SVM) will report earnings after markets close on Wednesday, May 22nd. Silvercorp Metals Inc. acquires, explores, and develops mineral properties in China. The Company is developing its Ying Silver project located in the People’s Republic of China. Here is your Cheat Sheet to Silvercorp Metals Earnings: Earnings Expectations: Analysts expect earnings of $0.04 per share on revenues of $52.21 million. Currently, the company’s P/E ratio stands at 14.53. Analyst Trends: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.12 to a profit $0.07. For the current year, the average estimate is a profit of $0.23, which is worse than the estimate ninety days ago. Earnings Trends: Here’s how Silvercorp Metals has been performing on an annual basis: Fiscal Year 2008 2009 2010 2011 2012 Revenue ($) in millions 108.36 83.52 107.16 167.33 237.96 Diluted EPS ($) 0.40 -0.11 0.24 0.41 0.43 Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data: Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Revenue ($) in millions 61.88 44.31 44.55 45.21 58.72 Diluted EPS ($) 0.12 0.0566 0.04 0.06 0.03 Past Performance: Silvercorp Metals has beat analyst estimates 1 time in the past four quarters. This is not consistent enough to get bullish yet. “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now! (Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com) Read the original article from Wall St. Cheat Sheet

BlackBerry (BBRY) has performed quite impressively in effecting a turnaround in its declining fortunes. The company has generated a buzz in the market by introducing some top smartphones based on a brand new operating system, BB10. The new management has been on the ball with regard to product execution, media promotion as well as introducing new services. The company's decision to introduce the BB10 low-cost smartphone to replace the aging Curve line is also a timely one. BlackBerry has already started a new cheap data plan for India in the last month. Now the company has come out with an "EMI" plan, like its rivals, to boost sales. However, the advertisement budget remains low and the company is not giving a "cashback" or an "exchange" offer like Apple (AAPL) or Samsung (SSNLF.PK). The reason is that BBRY cannot match the money power of its bigger competitors. Despite this, I

Bond Gurus Jeff Gundlach of DoubleLine, and Bill Gross of PIMCO have started to make market calls that don't directly have to do with the direction of interest rates or which type of bonds provide the most value. Rather, they have both started to make market calls based on their understanding of how central bank monetary policy (something that they follow closely as bond investors) will impact the pricing of assets other than bonds Gundlach's Investment Idea - Go long the Japanese Stocks, Short The Yen Originally Announced: December 11th, 2012What happened: The Japanese yen has lost about 20% of its value against the dollar and the Japanese stock market in dollar terms is up around 60%.What does Gundlach currently think? In a May 15th interview with Reuters TV, Jeffrey Gundlach confirmed that he was still bullish on the Japanese stock market and predicted the Japanese

Frontier Communications (FTR) has been suffering from a declining customer base and contracting revenues. As a wire line service provider, FTR might be losing customers as they simply cut the cord and go wireless. Without question, this is probably the case for at least some defections. FTR noted in its 2012 10-K this possibility: Our competitors include competitive local exchange carriers, Internet service providers, wireless companies, VoIP providers and cable companies that may provide services competitive with the services that we offer or intend to introduce. We also believe that wireless and cable telephony providers have increased their penetration of various services in our markets. We expect that we will continue to lose customers and that competition will remain robust.- FTR 2012 10-K However, FTR also notes that it primarily serves rural areas in 27 states. A deeper analysis of demographic trends shows an even more worrying picture for