Mark Sebastyn 12/5/2012 | 3:45:20 PM
re: Sour Taste for Emcore Craig:

Thanks for the rec.

Seems to me that the solar business is just like the memory business, where 95% of the volume is capital intensive commodity manufacturing. In the meantime people are excited about the various technologies. But the endgame is unchanged.

When Oil goes back to $50 a barrel, no one is going to care, just like in the 70's. I lived in a house once that was built with electric heating coils in the floor and ceiling - that's because nuclear power would make electricity so cheap it was the most economical solution. Or so they thought.

The one thing the Emcore event illustrates is how totally clueless investors in solar stocks are. They have no idea what they own and why they own it, let alone what it is worth. When someone gathers relatively public info and posts it - people freak out. It is a sign that investors lack conviction. Sound familiar?

Sign In