Suntech Power Holdings Co. Ltd. Message Board
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Something else going on here
First Solar has a market cap of $10B while Suntech less than $2billion and shorts keep attacking Suntech. I think crooks are trying to punish chinese companies. The only reason STP is being attacked viciously is because It is a chinese company. STP should be moved out of US right away before the wall street crooks force it to backruptcy or something.
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welcome to the china discount. today's discount is.......$5. in otherwords, at fair value as an american co, stp would be worth 12.5.
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shorts can only do so much damage before they get caught holding the bag. there is plenty of smart hedge funds that look for things like this and force a short squeeze. will it happen here? donno? but either way you can't short a company to death you can just make it hurt for a while.
- 2 Replies to pipster1234
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You are dumb.
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I tend to think that myself because wall street are bunch of crooks
but then again, look at its US peers, SPWRA, it has very similar valution, all other Chinese solar company are not high priced either
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Question I have regarding your post is this. Is STP using the equity market to continue to survive? If they dont need to issue shares to pay bills, etc., then does it matter and how would it force them to go BK. It looks like to me they are making $$$ now, so eventually, if they continue to keep doing well, it will eventually force any shorts to continue. Again, if they dont need to issue more shares to pay bills, why would shorts force a BK.
- 1 Reply to ckirbygo
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I am not an expert but I think the success depends on how much money they can leverage from the stock market. Otherwise they have to borrow money with interest etc which probably costs them more. In my opinion, survival and success of a company depends on a solid stock price. That's why only companies favored by Wall Street grow. Think of Google. If Wall Street didn't pour money to Google, they would never be where they are today. Of course this brings the question of how wall street pick companies and if wall street favor companies owned by their brethtren (ethnic origin).
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