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Solar Sector: Avoid This Value Trap
"First Solar reported some terrible numbers on June 30, including a net income of -$555.03 million."
"It is possible that First Solar will be profitable someday, but it isn't now. "
This article makes no sense, FSLR didn't report anything on June 30, their last report was Aug 1 and they showed a profit:
"First Solar posted its Q2 2012 earnings after the markets closed on August 1, and the company had solid results. Non-GAAP EPS came in at $1.65, beating estimates by 75 cents (GAAP EPS was $1.27). Revenue came in at $957.332 million, beating estimates by $137.4 million. First Solar also raised its 2012 sales and EPS guidance ahead of Wall Street estimates, calling for sales of $3.6-$3.9 billion and EPS of $4.20-$4.70, versus consensus estimates of $3.48 billion in revenue and $3.95 in EPS."
Oct 15, 2012. 09:35 AM
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