TeaLeaves

Evergreen Solar's Long Term Outlook

If Rick Feldt is a "horrible" CEO, what was Bernie Ebbers? Too many investors operationally define managerial incompetence as a drop in stock price and are ready to jump on the class action lawsuit bandwagon at the drop of a hat. Florida beats Oklahoma-- fire Bob Stoops. I've been listening to Evergreen conference calls for many years and am impressed with the way Feldt has resisted pressure from analysts to maximize margins at Marlborough for the sake of short-term results. Rather he has used Marlborough primarily for R&D in the interest of long-term results. That's what good CEOs do. To fault him for subcontracting in China after expanding in Massachusetts is to make a vice of adaptability. Strength of management is one reason I'm sticking with Evergreen.