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S&P 500: 1,351.68 Change: +0.14%
Fliujniligui
P&P Score: 3.51 | Points: -47.54 | Accuracy: 54.76 | Average Pick Score: 11.17   Annual Return: N/A  
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Commentary
BUY: ENERGY CONVERSION DEVICES INC. (ENER) Rating: 3
Start Price: $12.50
Points: -116.18
Created: 08/26/2009
Priced in : Sun has 50% chance to stop emitting light in next 2 weeks. Reality : Sun will keep emitting light and solar panels will be required sonner more than later if we are to avoid the worse of climate change. This stock has a rock solid balance sheet, more equity than its current market cap, so the wait will be possibly long, but punctuated with additive purchase of the stock on weakness.

2 Comment(s):

Author Fliujniligui     Date 2009-12-01 22:44:38
This is a cadaver. Shareholders' equity is higher than market cap, giving room to wait many years to recover profitability. However this stock is not a real bargain since competitivity and profitability recovery are not to be taken for granted here. Let skepticism work and get it at 5$ if possible.
Author Fliujniligui     Date 2011-05-23 15:11:56
There is goodwill and intangibles on the balance sheet ? The company doesn't performs ? The investor keeps and holds in hope that ? Answer yes to all 3 and look at the result here.

-80% and more loss, and there is still no value in this company. Share price just represents what is left of the shareholding crowd that is unable or unwilling to sell.

I personally got in and out of this stock around 12$ but I stayed away from People Picks for a while and this is going to be cleaned out of my portfolio.
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