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First Solar, Inc. Message Board

  • bot_feeder bot_feeder Oct 25, 2011 2:21 PM Flag

    FSLR is still very expensive

    Take a look at a company like GTAT.

    1). Enterprise value to gross margin ratio about 1.3-1.4 or something like that.

    2). Net cash is something like 40% of market cap.

    3). Forward looking PE something like 4.

    Now, that is what happens to a tech that is dependent on the solar business.

    Now look at those same parameters for FSLR. They are sky high. This thing is extremely expensive. Why should GTAT, a company that supplies materials/eqt to the solar industry, have any worse business outlook than a photovoltaic manufacturing company itself?

    So I don't understand why this stock is at where it is at and not more like $10 per share or so.

    Not that I would buy it at $10 per share because they have net debt and there are so many techs out there with big piles of net cash that can carry them through the economic downturn that are in my view much lower risk investments than FSLR.

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