Why is FSLR trading so high? Would like to hear from others
I've only been trading a few years, but it seem illogical that a stock would have a market cap of $22 billion, with current sales only $600 million.
I mean, you can project future sales all you want, but that doesn't mean the sales will be there and increase q over q or y over y. I've done my homework, and many analysts are predicting more competition, lower margins, and a weak global economy, even if the US recovers, all of which will contribute to a decrease in sales for FSLR.
I really think the market is not realistic here, and was thinking of going short my first stock (I've always been on the long side)