Bapcha's Stocks

SunPower Is a Semi - It Deserves to Be Valued Like One

I've worked in the semiconductor industry for almost two decades. In fact, I count the SPWR management as people I can call and talk to at any time - since I worked for CY's CEO for four years.

In the semiconductor business, gross margins are everything. Higher gross margins allow companies to sport higher multiples [PE, PS]. Added to the fact that polysilicon based PV is a commodity business, SPWR has more room on the downside - even at these "beaten down" levels.

Sincerely,
Bapcha
bapcha.blogspot.com