Chris Lau
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Chris Lau in Value Stocks,

SunEdison (+72%) Will Trade above $1

SunEdison (SUNE), which is still a gamble, is up 72% in premarket trade. Independent committee found no fraud. Lack of internal controls and unrealistic cash flow expectations (paraphrased: management did not have right forecast numbers to work on) led to its fall.

SUNE is @ $0.66. The stock might rally to $1 at best before the BK is final.

Agree or disagree?