7,000 employees, 116 job openings, 4 billion in revenue, net cash flow, net income positive, net cash on the balance sheet. World leading technology in long term, no brainer growth sector.
Trading at less than half of book value and just 5 times earnings. 44% of the float is short. When it comes time to cover this will be the biggest blood bath since Volkswagen.
You missed the last quarterly accounting statement with the RED FLAG that Accounts receiveable increased from something like $310 million to $830 million (or near $1 Billion) that the company hasn't collected from their customers.
These customers may have gone bankrupt and this amount will have to be written down at a loss eventually....
FSLR is just being sued left and right by their customers because essentially, they are selling solar panels that do not work in high heat situations in the deserts of California and elsewhere. How many hundreds of millions or billions they will have to pay for in warranty repairs or give backs is unclear yet.
Warrnaties may bankrupt them alone.
The Chinese have started FLOODING the market for solar panels at BELOW their manufacturing cost with the help of the Chinese government to control/monopolize this market.
And recently, the new tariffs for the Chinese was so low, something like 5%, the industry laughed.
Last few years, government subsidies have permitted FSLR profits. Now, Germany and Italy, the top 2 buyers of solar technology have cut back dramatically on subsidies due to their financial crisis for the EURO.
Why are we still talking about subsidies? It was fairly obvious that the company said they are moving away from business needing govt subsidies to those that are more private in nature. This is pretty basic and in the annual report.
I'm all for discussing the upside/downside of this stock, but at least bring something other than old news to the table.