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  • First Solar: Trading Below Net Tangible Assets  [View article]
    hi since most of FSLR's revenue is driven by project or system business, it makes more sense to compare it with system business companies like SCTY or SUNE, SPWR etc rather than TSL, LDK etc which are pure-play module makers with very little presence in systems business.
    One major thing i observe is FSLR's modules are inefficient compared to c-Si and therefore it is not suitable for residential market and also partly due to this reason, its expansion to Japan is severely limited (Japan has low land space and module should be highly efficient!). From that perspective SPWR, SUNE etc are doing far better than FSLR...
    Sep 6, 2013. 05:27 AM | 1 Like Like |Link to Comment
  • First Solar Takes A Small Step Back, But Solar Is Still Strong  [View article]
    FSLR has acknolweged that their 2Q earnings will be down sequentially if they are not able to close ABW (south american project) deal. Of 5.5GW backlog, only small quantity (<20%) is mid-to late stage. therefore, there are lot of uncertainity about whether these backlog actually realizes revenue. Again, they dont have visibility into future revenue stream, since they relay only on few large projects and any delay or postponement could adversely affect their results. This will limit their ability to provide reliable guidance. The only good news is Solar Chile acquisition, but the fruits of this will come only in 2016 timeframe... so in the short run, i dont see any catalysts to support the stock and i expect FSLR to decline in the near term!
    May 9, 2013. 07:50 AM | Likes Like |Link to Comment
  • First Solar: Long-Term Guidance Shows That Its Potential And Long-Term Upside Remain Intact  [View article]
    You have ignored the following negatives: a) their modules are less efficient and costly compared to c-Si, making them uncompetitive; b) they have no or little presence in fast growing residential segment; c) they dont participate in energy sales/TPO model business, which is currently emerging; d) their project business is almost stagnent with no significant growth.
    Apr 10, 2013. 08:14 AM | 1 Like Like |Link to Comment
  • Twists And Turns In Dell's Buy-Out  [View article]
    so what is your takeaway? whether you support or disagree with LBO? what do you think about dell stock - whether you recommend buying or selling the stock at the moment?
    Mar 21, 2013. 01:47 AM | Likes Like |Link to Comment
  • Dell's Stock Price Assumes Deal Upgrade  [View article]
    as more and more people talk about higher buy-out price, more investors tend to buy the stock, hoping to make quick bugs! already stock price has rose from $13 to >$14 levels.. also you may see that trading volume which was in 100M +/- levels jumped to >500M following LBO annoucement... If i were Michael Dell, I would still wait for some more time to see stock price grow and then give a statement that i wont go with proposed LBO... then all greedy shareholders who had bought the stock hoping high LBO price would start selling.. i am sure the price would fall very sharply (no wonder goes to $5 levels)... then, Michael Dell and his company can buy as much shares as possible at open market... then, later they can even do LBO having acquired maximum shares at very low prices!!!
    Mar 15, 2013. 04:17 AM | Likes Like |Link to Comment