Anybody who understands FSLR's Analysts Day projections can not own this stock. Period.
This is a shell game. A scam. The industry is in complete collapse and only one company manages to be profitable? Lets review the facts:
FSLR was at 27.04-down big as a result of missing the 4th quarter big time and taking down 1st quarter by 20% and making no comment on the rest of the year. It seemed the rally from 11 was over because , as was predicted by the shorts, the juicy deals were gone and the margins were collasing. But then:
27 days after the bad numbers and downgrades, FSLR's management now suddenly takes up numbers fo 13 by 25% and give projections out two more years showing the same growth. This despite not one new contract signed and only 35% of all projections actually signed. And, the Head of Global sales leaves the night before this announcment is made-with no explination.
20 days after that, FSLR actually comes out with 1st quarter numbers and -----they miss!. And announce 150 people being layed off. also, under questioning, the CEO admits they are only booked through the 3rd quarter and still have less then. 80% of new buiness booked relative to last years sales and margins are 7% less then avg last year. And the CEO was the former vP of Enron and he was named in the suits as a co-conspirator but they did not indicte him.
I belive there will be a day where these statements and suddne adjustments wil be Exhibit A in some court room. However, it will only happen if a gOP President is running things. No Dem anywhere at anytime in history will ever press any charges. This is a scam and that meeting is all you will ever need to know it......it is also why 20 million shorts are not closing...no matter how hard the Long Hedgies try to push them