Filled Buy to Open 10 +HJQCJ Limit 0.45 12:45:38 02/25/09
I will hold this position for a few days. FSLR is making too much money to stay in the low 100's. Basically, the company is now giving more time to pay to its customers due to the credit crunch - who didn't know that? They went from 10 to 45 days (big deal) - they also decided to invest with partners and this investment will reduce revenue by 200MM. FSLR is still making tons of cash and Obama is solar-panel-friendly...
Let's see who is right here; all of the overpaid analysts: Craig Irwin at Merriman Curhan Ford; Raymond James analyst Pavel Molchanov; PiperJaffray analyst Jesse Pinchel or little Jose Paula, the average MONSTER CALL / PUT OPTION PLAYS guy.
The way I see this stock - it has a 5-year expected growth rate of 48.5% X a conservative 8.00USD per year, you do the math...
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