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TheDumbMoney (46.50)

Holy Patoley First Solar Got Hammered

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March 07, 2012 – Comments (2) | RELATED TICKERS: FSLR

Hadn't really paid attention to my watchlist for awhile.  My God FSLR has been hammered in the last few months!  I was never keen on the company and did not own it because of the dependence upon European government subsidies, and because its panels have certain disadvantages over Chinese and Korean-made panels. But I thought it was a decent company.  Now it is not quite at NetNet territory, but the stock now trades for less than the value of its current assets.  Yowzers.  Priced for at least a couple of years more of outright, precipitous decline.  I don't have a conclusion here, I just distinctly remember getting a bit excited when it hit $75 or so, and then looking it up and reading more about the subsidies and thinking, nah.  Boy I'm glad I did.

All best,

DTAF

2 Comments – Post Your Own

#1) On March 07, 2012 at 4:56 PM, chk999 (99.97) wrote:

What government gives, government can take away.

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#2) On March 08, 2012 at 1:01 PM, L0RDZ (84.54) wrote:

The product doesn't always work...  is dependant upon subsidies,  and is getting beaten out by the competition.

Think of it like this,  imagine you went and bought yourself an expensive television ~ surrond sound stereo system ~  you get it to your place hook it all up and when you turn it on ?

It doesn't work...   and you have FSLR in a nut shell.

 

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