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Dr. Fly

18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.

FLASH: FIRST SOLAR MODERATES DECLINE AFTER HORRENDOUS EPS MISS

The stock was down $5 on this miss and now is off by just $1.

First Solar reaffirms FY12 $3.75-4.25 vs $4.18 Capital IQ Consensus Estimate; lowers revs to $3.5-3.8 bln from $3.7-4.0 bln vs $3.79 bln Capital IQ Consensus Estimate

First Solar prelim $1.26 vs $1.59 Capital IQ Consensus Estimate; revs $660 mln vs $784.06 mln Capital IQ Consensus Estimate

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Today’s Winners and Losers

No. Ticker % Change
1 CHTP 57.68
2 GU 26.02
3 KCP 19.66
4 PEIX 13.76
5 BIOF 13.64
6 SNMX 11.68
7 ANCI 11.51
8 PSDV 11.11
9 ELLI 10.97
10 OEH 10.64
11 MNTG 10.39
12 IDI 10.01
13 FREE 10.00
14 AXTI 9.61
15 OVTI 9.58
16 NDSN 9.46
17 JOBS 9.46
18 CYTR 9.38
19 TGX 8.55
20 OWW 8.39
21 TESO 8.26
22 RCON 8.24
23 MNEL 7.96
24 GMXR 7.89
25 PRGN 7.76

———————————-

No. Ticker % Change
1 RBCN -17.17
2 KND -16.25
3 CYDE -14.00
4 PGTI -13.41
5 DECK -11.33
6 WHRT -11.11
7 INT -10.46
8 CLDX -9.40
9 OESX -8.53
10 MMSI -8.01
11 CIR -7.89
12 CBMX -7.74
13 CROX -7.74
14 DRJ -7.60
15 MCP -7.32
16 LYV -7.14
17 CNAM -6.90
18 UAN -6.30
19 IAG -6.13
20 TIVO -6.00
21 CLWR -5.95
22 CRDC -5.80
23 CXZ -5.80
24 ANX -5.56
25 SR -5.31

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***FOXCONN REALLY IS A SLAVE FACTORY***

The appeal of internships to employers at Chinese factories is not unlike that for many employers at white-collar offices in Los Angeles or London: free or low-cost labor by eager, energetic workers who earn few, if any, benefits, doing essential work. In China, where the “internship” has migrated from the West, Foxconn may be the tip of the iceberg. “What Foxconn and Apple’s other Chinese suppliers do—and Apple’s willingness to tolerate it—is completely par for the course for manufacturing in China,” says Perlin, who’s spent years working and studying in the country. “Forced labor is a major part of the Chinese economy, in many different respects, and our dependence on Chinese goods binds us to that every day. Forced internships like the ones at Foxconn appear to be somewhat common as well. What may be different here is the scale and the high-level government collusion.”

MUST READ

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