Old School Value

Too Close to the Sun? First Solar (FSLR)

Had you bought FSLR at $165 when the market dropped to around 11,800 points in March, you would be up about 60+ % in the space of a month. Whenever I see such a rise, I kick myself for not jumping on it myself. Don't you? But then I look at what the price represents and what the price is relative to and I'm glad I didn't. To be honest who wouldn't want a piece of that 60% gain, but I'm glad I'm watching this one from the side. No matter how thrilling the ride may be, there is just no way that I see First Solar as a good investment at its current price.

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