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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: paulelgin who wrote (46810)	2/29/2012 11:57:08 PM
From: Jurgis Bekepuris	Respond to of 78699

FSLR - Well, it's losing money and it's not clear that will turn around soon. OCF is negative, FCF is horribly negative. Maybe they can stop cash bleeding by not spending on PPE, I don't know. P/S is around 1 if sales don't drop. P/B is 0.76. Book is about 3.6B. About 100M more cash than debt. About 850M A/R, 500M inventories. That's not good. Lots of stuff to write down if they don't come through. Macro-wise I am concerned about the glut of nat gas which is pushing electricity rates down. This might not be true in Europe, but Europe has its own issues. Overall, I'd say to buy FSLR, you have to believe in solar and you have to believe in the company. If solar and company turns up again, the stock will rocket back to $100+. If solar and/or company freezes, it could get worse. I think I will skip it for now. Keep us posted though.

To: paulelgin who wrote (46810)	3/1/2012 11:38:45 AM
From: richardred	Read Replies (1) \| Respond to of 78699

RE:FSLR It's been on my watch list for some time. The fact they had a surprise loss for the quarter and news they are shutting down capacity has me thinking it's going to get a lot cheaper. Due to world economic issues. Many countries are eliminating or cutting back on solar subsidies. Taking a long term view. I however think the company is going to be a survivor. Production costs have come way down given the technological advances, and efficiency advances. I see future cost coming down even more as there will be more advances. IMO the advances made now and the infrastructure in place has given solar staying power down the road. This company has scale given the competition, which is also a plus. Many companies and countries are still on a Green initiative. If you buy, expect extreme volatility. I'm sitting on the sidelines for now, but I'm interested still. IMO-The best way you can describe value here, is comparing now, to where the stock price has been in the past. My favorite Green play is PWER-Power-One, which I own. IMO- a value currently based on the past year figures Comparisons there in the future will most likely be disappointing for some of the same reasons I mentioned above. I also have a loss in it, but I'm willing to wait for improvement.