Saturday, March 27, 2010

Only fools or heavy gamblers or folks laundering money would buy based upon these figures

First Wind had total equity of $769.7 million, and $879.7 million of debt as of Sept. 30, 2009, including $267.3 million of turbine-supply loans, $181.2 million of project term debt, and $431.2 million of other debt.

For the nine months ended Sept. 30, 2009, the company had $30.5 million in revenue, up from $21.7 million for the same period in 2008, according to the filing. Its net loss was $47.3 million for the three quarters in 2009, higher than in the 2008 period when the net loss was $38.4 million.

Editors note: Below are comments from a reader

The only people who would buy stock in a company with those basic figures would be fools (who recently bought shares in the Brooklyn Bridge) or heavy gamblers or folks laundering money.

No comments: