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ReneSola Ltd. Message Board

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  • mb012870 mb012870 Mar 14, 2000 4:35 PM Flag

    The Reason

    There were many sales managers, sales reps, and
    regional managers let go across the country -- the people
    that actually sell the product to the customers. In
    addition, several people at the corporate office in CA were
    layed off. Perhaps there were "3" upper management
    personnel let go, but the people who actually do the work
    were let go, leaving those left with quite a load to
    carry.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I can personally guarantee that the 3 who were
      let go were often seen working.

      In fairness
      it's what the company had to do to get healthy, even
      though it means some folks had to move on sooner than
      they were ready.

      I hope the strategy works for
      those good people still employed at SOL - they deserve
      it.

      RG, its not too late to buy some stock ; >

    • What happens in the USA has a big impact sure,
      but remember that half the business is in Europe/Asia
      and elsewhere. Sales and profits remain strong in
      those regions.

      An interesting comparison is with
      VISX, the laser eye surgery company who has also taken
      a big crash, take a look.

      • 1 Reply to my_itchy_nuts
      • Has anyone noticed how this stock has started
        back up in the past couple of weeks? It was down to 4
        something(I could kick myself for not buying it then) and I
        just saw where it was at 6 1/2, no now I see it is 6
        13/16!!

        Does anyone know if there is some news
        about to come out. This was a 19 stock not too long
        ago, how high will it go from here? I see they are
        looking for a new CEO, does anyone know if they are about
        to announce that they found one, I absolutely want
        to buy before that is announced.

 
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