Eric Rulmont

Chinese Solar Stocks Present Compelling Value

Stockaccumulator: Thanks for the post on SOL, I think it has potential too.

For anyone interested: There is an interesting article called "Inside The Solar Gold Rush" in the July 21, 2008 issue of Fortune Magazine.

Chinese Solar Stocks Present Compelling Value

User 26737: Unfortunately, I don't follow or know enough about JASO to answer that question, perhaps Jack or someone else will...

Chinese Solar Stocks Present Compelling Value

Jack: Thanks for your comments, I agree them including the expectation that solar companies will announce good earnings and possibly more signed contract just as ESLR did yesterday. Looking forward to your next article, after earnings.

Vitamin J: You may have misunderstood the intent and extent of my comparing TSL and WFR. I am not the only one to make limited comparisons between TSL and WFR:

I am sure some are familiar with the "Solar Stocks Comparison Table" put out by the China Analyst website in which some market cap, revenue, and estimate comparisons are made between TSL and WFR as well other "solar stocks". It is a easy way to keep track of market caps, etc., and can be seen at:
www.cnanalyst.com/sola...

Chinese Solar Stocks Present Compelling Value

Frflyer: great points to keep in mind...

Dicki: Excellent posting and great to see more of the European perspective. I also have enjoyed Jack Yetiv's articles.

Chinese Solar Stocks Present Compelling Value

Alpha 26: Thanks for your comments, I like ESLR as well.

Chinese Solar Stocks Present Compelling Value

One could compare apples and oranges and find the similarities (or differences) such as: they both grow on trees and are fruit.

By comparing apples to oranges or WFR to TSL, it certainly doesn't create a statement to mean they are the same. The article clearly states they are not perfect comparisons and limits the similarities to a very few specific points.

Chinese Solar Stocks Present Compelling Value

No one should be arguing that WFR and TSL are not across the board comparable. It would be productive if some posted comments pertained more to the main point which is that I felt these and other solar stocks were too cheap at the prices they recently traded at.

Again, no one is stating a direct across the board comparison between any of the companies mentioned, I just picked one company (WFR) to draw very specific and limited similarities out and to show that long term investors in many companies are easily shaken out with downgrades, short term problems, etc. which can be the wrong move. WFR was downgraded a couple years ago which caused some to sell before a huge gain and that was the other point of mentioning WFR.

Dicki, thanks for posting the disclosures on your positions. I encourage everyone to do the same.

Chinese Solar Stocks Present Compelling Value

As I stated in the article "I realize that WFR and TSL are not perfect matches, as they have different management and gross margins, etc."

I was comparing only a very few points between these companies like the revenue levels and potential growth rates and the wide spread between their market caps, NOT their products, margins, management etc....

Please don't read into the mention of WFR too much, as the title states, the main point of this article is about the recent decline in solar stocks, and their long term potential.