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JA Solar (JASO -5.2%) has repurchased $89.2M worth of 4.5% convertible senior notes due May...

JA Solar (JASO -5.2%) has repurchased $89.2M worth of 4.5% convertible senior notes due May 2013. Their face value is well below their principal value, as investors fret over the company's losses. JA, which announced a $100M stock buyback program in June, is trying to prevent getting delisted by the NASDAQ on account of a stock price that has fallen below $1. But not everyone is convinced the company's cash deployments are wise.
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