Holy Patoley First Solar Got Hammered
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.