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Well I guess this must be why futures are comfortably deep in the green, along with Europe imploding.
Anybody able to explain how 50% write down will not trigger CDS?
I dont know, guess just because they say so?
Seriously though, I think theres about to be huge convulsions in world markets...if bankers have to take a loss theyre going to throw a huge tantrum.
Merkels comment 'Dont count on 50 more years of peace in Europe' to me means '50 days'.
When irresponsible MAD comments get uttered it is a "There's something happening here" moment.
why in the green with all the risk? Oh...thats right...what is bad is good for the market.
Oh Leeo...I think I won our little bet.
I guess FSLR demonstrates the economic collapse within the broader overall depression.
These guys all have access to unlimited free govt money, and still cant make a dime.
Please don't pick on Leo; he of solar pumping fame; he has serious problems with reality.
Didnt Leo drift off into articles about govt funded pension bullishness and whatnot?
Ah, he was just proceeding from a false theory about the world, that one could tag along on the coattails of hedge fund managers perceived to possess a quality of "long term outperformance."
He lived in the pension fund world for years where it was necessary to believe in fairy tales like this, and most important, to believe that one could a priori identify these outperforming managers. Stockholm Syndrome, same as lots of True Believers.
Yes, hot money outperforms, not mindless gambling managers who survive their bets. Hot money moves from one area to the next, like a swarm of locust, MAKING companies outperform regardless of value, and then moving on to another host, leaving rubble in its wake. The performance of the managers is irrelevant. The stories behind the host companies are also irrelevant. Hot money is the only thing that matters.
"Money never leaves the casino. It simply rotates around to greener pastures."
The solar industry is DEAD! IT is still not efficient and can only survive through huge Govt subsidies. (Ahem - Solyndra, First Reserve Solar, etc)
Now that Europe and the US are bankrupt the solar subsidy gravy train is over. Hence all of these companies will go to zero.
And they said thin film would change the game..Ha!
Um Govt subsidies? Like the subsidies US taxpayers lavish on oil companies in the form of $Billions in tax breaks.
But Oil companies don't need the subsidies to make a profit. Just to make a lot of profit! When solar becomes more cost effective than oil then we can talk.
FSLR up $3.50 on resumed trading. Next.
So is nflx and amzn is "only" down 24.
Bull Market baby, "Can't nobody take my pride, Uh-uh uh-uh, Can't nobody hold me down, Oh no, I got to keep on moving"
Bullish for Solar companies since FSLR is actually profitable. Bearish for the dumb investors who bid it up to the Sun and beyond.
Bullish =====> stock trading at $200in March now @ 40 is THE NEW KILLING IT BULL MARKET
fslr is trading at a fair value, not sure why it is up so much though
PE of 6.25 based on premarket quote and 7.50 earnings.
Not going to zero, looks like its reasonably valued here.
Well, at least they didn't announce a stock buyback, right?
I'll pipe in to agree, the stock is actually a decent value here. I have never said that before about FSLR, and its prior stratospheric stock values. Thanks to all the shorting, it's at a P/E of what, 8? And it's market cap is basically equivalent to its net sales? Not bad.
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