Wednesday, August 09, 2017 3:45:31 PM
I am looking at SGA. If it is not considerably lower, then we have a problem. Last Q we had like 9 million in SGA. VERY high. Of course we had all kinds of elaborate excuses (expansion, new sales teams, insider share vesting or something like that.. bullshit.. yada yada...).
If this time SGA is high, then we have a MANAGEMENT ISSUE.
Nelson emphasized over and over that acquisitions were based on solid management teams. Let's see what the hell is going on here.
My bottom line is simple:
residential solar is going down each quarter for the last 5 straight quarters. This is not because of Trump, Jesus or Muhammad. It's because ppl have google and see that you can but an entire 7KW solar system for $12K (take away ITC that leaves you with a out of pocket 8K cost.) People see that it takes 5 guys to install the system 1 day. All the costs around the design and instllation shouldnt be more that $4-7K Hence a $13-$15K total cost of installation.
$2/ kWH
It doesnt take a genius to figure this out, lets see if Beitopolous knows this...
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