I feel sad that they took your shares away at today's prices.
JASO had 0.11 cents loss last quarter because they took a US$10 million inventory writedown in the Dec quarter. We will have no more write down this quarter, and if the SG&A expenses gets back to the Sep quarter last year, the non-GAAP result will be positively impacted in the range of 9 big cents.
The other Chinese solar cell maker, CSUN, is even higher than JASO. Unbelievable. China Sunergy's guidance for the March quarter was about 20 MW. Really uncomparable with JASO.
I think there will be another write-down although to a lesser degree. Remember that most solars built up inventory during good times and had to start writing down as poly prices plummeted. I expect another write-down due to continuing drop in poly prices, but probably for the last time and much less significant. No write down at all would be a huge win.