Jason Tillberg

FirstSolar Foresees Pricing Pressure From Lots of New Capacity

Thanks for update, but nothing about "price." Over 22x net tangible asset value and over 100x earnings with net profit margins at 30% signals very high expectations in future earnings. Great company but not a great price at all. I like to compare to CSCO in 2000 when it traded at 82 a share or 22x book value. 2 years and 7 months later, it was 8.12 a share or a little over 2x book value. FSLR could drop 80% from here and then it might be selling at a reasonable price. Disclosure: I have a short position in FSLR