Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Alternative energy -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (10799)	5/3/2011 8:33:13 PM
From: Jacob Snyder	Read Replies (2) \| Respond to of 16955

my comments on FSLR 1Q11 results: 1. ASPs are falling, inventory is rising, and I expect this to continue. In any cyclical industry, a downturn starts with inventory building. 2. nobody else in this industry will report 46% gross margins this quarter, or anything close 3. disappointing, that manufacturing costs didn't decline 4. I predict they have to cut full-year 2011 EPS guidance, at some point. 5. Their Systems business, a captive downstream market, will allow them to keep running their factories at 100% capacity. Solar companies without a Systems business won't do as well. 6. The stock has been doing a random walk, mostly in a $110-160 horizontal range, for 2+ years (while the S&P500 doubled). I'm getting more confident, FSLR will hit 100$ again, sometime in 2011. 7. I am firmly in "wait and watch" mode. I won't buy tomorrow's dip, in FSLR or any solar.