True, but did FSLR guide down their 2016 revenue forecast? No.....
The 1st qtr miss was mostly due to planned/budgeted revenue that couldn't be recognized per GAAP. If WS decides to take down FSLR, with what they've guided for 2016, then this could be the buy of the year!
To me, the revenue miss is not that big a deal. When big projects don't come on line when they were projected to, it can disrupt your budgeted revenue. It just means that you have to push the revenue into the future. Doesn't mean you necessarily "missed?"
Yes...revenue missed due to revenue recognition policies. That just means more revenue that they will be able to recognize in the next quarter.
For the record, this guy is right. Since March 1st, CVX has gained 20% a slight increase in oil prices? Something is amiss here, and I sold all of my CVX and XOm shares today. This rally is not fundamentally sound. Earnings are going to be atrocious!
It's obvious that the shorts are taking profits. They are going to reload again as the fundamentals are even worse that they were before the big short. I'm out.