LEB

As Solar Plummets, Stocks Drop Below Book Value

The solar sector will, no doubt, experience very harsh times as the markets continue their freefall and the demand for anything that is not indispensable shrinks considerably. But, it makes no doubt that many companies in this particular sector are way undervalued, especially since they are trading at below their book values! This can only mean one thing: the market in general and solar investors are discounting the fact that these companies will actually destroy value in the coming year rather than create some, meaning that they are most likely to lose money and generate negative earnings. I can only but note that these views are extremely negative and are not coherant with the company's outlook (at least in the case of JASO) nor the general consensus of informed analysts and investors.

My conclusion is that JASO stock is certainly not worth 27$ or even 15$ as many naive investors ore wishfull thinkers might hope, but is certainly worth more than the book value of one share.

IMHO