Actual average sell price must be $5.325; in fact price target is $5 which is special 'Chinese' price target (not for american stocks); if the stock was US
it would have higher price target and more buyers. FSLR price target is $22 and actual trading price of $30 with EPS $-7.71 near the average seel price of $30.4325. The RS was stupid idea. Why Feng did not wait till April?
I wouldn't say the R/S was a bad idea! The convertible notes due are 219.7 Million & they are due in May of 2013.
LETS SEE!! Instead of JASO buying back a $100 Million worth of shares they bought back on Seprt. 24'th 89.2 Million worth of notes!!
GUESS WHAT!! That was 8 mos. earlier than they had to!
And GUESS WHAT AGAIN!! JASO has over $550 million on the balance sheet. 4'th quarter is better with solars. They accomplish the same affect with the stock price when the remaining notes get pd.
8 MONTHS EARLIER THAN SCHEDULED THEY PAID THE NOTES. THAT WAS DONE IN GOOD FAITH TO THE SHAREHOLDERS!
REDUCED FLOAT REVERSE SPLIT AFTERWARDS WITHIN ANYWHERE FROM 1 WEEK TO 1 YEAR 80 TO 90% OF THESE STOCKS ARE HIGHER & AFTER 1 YEAR THEY REMAIN THAT WAY!
Lousy CSUN went up 90% in 2 mos. after their split on Dec. 21'st!