Godfather

JA Solar Blames Lehman for Its Q3 Losses

JA Solar has net USD 265 Mio liquid (Cash plus securities less total debt). Thats USD 1.60 per share. In addition JA Solar just lowered its earning forecast to USD 0.90 for 2009, or a forward p/e of 2.5 ! Suggest those silly funds keep going shorter so that the smarter part of the world can buy abit cheaper.

It was easy for the Hedge Funds (most of them are not as smart as one would believe !) had an easy time the last years - markets only went up. In difficult times the name of the game is - to buy when the funds sell and visa-versa.