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Wednesday, May 24, 2017 9:15:54 PM
But in reality, huge actual LOSSES.
Been saying that since I first looked at it years ago. This is just the obvious result: complete failure.
Really it's already failed. We can now speak about almost every aspect of the company that differentiates it from some random guy with a truck who installs panels. The cell, the M&A strategy... gone like Danny Mitchell and the money spent for him. Now it's just some dudes with some trucks who will set up solar panels for a fee if you ask them. Anybody can do this, and most likely somebody will do it better or cheaper. Especially people who don't have the overhead associated with being a public company.
If the new management manages to stop the bleeding... great. It's not going to $5 again any time soon though. $2.00 a share, which was once considered a very low price, would be a high price for this company after they did so much to deteriorate their financial position last year.
A $5 share price would mean over $100M market cap for a company... a total pipe dream now and in the medium term future. At which point the CA solar market is going to be saturated.
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