Says more than half of Chinese solars will be eliminated soon. JASO's long term contracts very bad deals. No wonder this company loses about $20 per share per year. How long can the charade go on?
Reality can be very cruel sometimes.
how did you come up with $20 per share loss annually? 2012 loss was $266mil divided by 40mil shares and you should get $6.7 per share, 2011 was $1.5 per share loss and 2010 was a profit of $7.7 so for the past 3 years it pretty much broke even.
Longs have to worry now if JASO, currently running losses in excess of $20 per share annually, will be one of the solar losers the Chinese government will mark for extiction. I warned a few days ago about the schitty fundamentals in relation to the high share price. Thus company simply isn't worth risking over $4-5 per share, if that. This price level is very risky going forward. Look for more downage in the days ahead..