Monday, May 27, 2013

"Suntech embarks on panel fire sale" $STP

"Chinese panel giant Suntech has sparked fears it will start a fire sale of its huge inventory by agreeing to sell 30 MW of its products to a rival manufacturer for just US$0.49/Watt."
Hmm.. desperation move by Suntech? The only reason this makes sense is if the manufacturing subsidiary was in desperate need of cash to keep the lights on and the workers working. Is that notion congruent with a bailout?

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