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SunPower Corporation Message Board

  • fenneday fenneday Feb 28, 2013 12:34 PM Flag

    SPWR investors, Do yourselves a favor and listen to Gorden Johnson of Axiom Capital.

    Google this or copy and paste it into the search box :
    " Can First Solar Maintain Its Profit Surge? : Video - Bloomberg".
    Watch the video, you will learn something. The only reason SPWR and FSLR have high margins on their panels is because the power plant deals were signed years ago when panel prices were a lot higher. Once these one time deals are finished they will have the same margins as everyone else. They will be competing with the the Chinese for new contracts a lot lower prices. That 2 billion deal with Buffett does not reveal if they will make a profit. Warren drives a hard bargain, ask GE, Bank of America and Goldman Sachs who issued warrants and preferred stock in addition to paying 10% interest when the interest rates were near zero for Buffett's help.Warren Buffet has more in common with Mr Potter in the old classic Christmas movie with Jimmy Stewart than a white knigh when it comes to business. I don't hate SPWR or anything nor am I short. I have been burned on stocks like this before when it was being manipulated to get suckers in. Please watch that three and a half minute interview, he explains the margin difference and why you should not be fooled by it.

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