Mark Langner

Green Bio-Refining Up, Solar Stocks Down

Gebby - You are right. Its very rational to price a company at 30x revenues when it has manufacturing-like margins, a commodity product, is completely dependent on government policy to have a market, faces technology innovation which could make it obsolete and is tied to the housing and therefore debt markets. So it must be the investment bankers pulling the strings... </snark>

The problem with investing in solar is that its a bubble - now that doesn't mean its going to go down - we were in a bubble with Internet stocks as early at 1997-8 and it took 4 years for the market to come to its senses...

That is the challenge that investors face in today's market - we all know that these valuations are unsustainable - but that doesn't change the fact that there is money to be made owning them - right up until there is not...