Yahoo Forum:
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arnold_shortzenagger • 11 hours ago
to be fair with you, here is the concern that GT had disclosed about the other sources of revenue you were talking about, which are also in big trouble.
GT discloses "We expect that oversupply of polysilicon, solar panels and sapphire material, including LED quality material, may have an adverse impact on our equipment business and, unless such oversupplies are reduced in the near future due to development of new technologies or otherwise, the negative impact on our equipment business could last for an extended period."
"Each of the polysilicon, solar wafer, modules and cell and LED wafer markets have experienced significant oversupply. For example, our PV business experienced a 36% decrease in revenue for the fiscal year ended December 31, 2013 as compared to the same period in the prior year (although there are some market indicators suggesting that the PV market may be experiencing early signs of recovery). The consequence of this oversupply has been that those who sell into these markets (many of whom are customers for our equipment) are either required to sell at very low prices (including sometimes selling at a loss) or are unable to sell at all. Many customers have continued to experience large inventories of the polysilicon sapphire and multicrystalline silicon ingots generated with our equipment, even in markets where there is steady or increasing demand for polysilicon, solar wafer, modules and cell and sapphire material. As a consequence of these conditions, demand for all of our equipment, particularly our polysilicon reactors, DSS furnaces and ASF units, has dropped significantly. " Less
1 Reply to arnold_shortzenagger
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arnold_shortzenagger • 11 hours ago
that was GT's disclosure not my imagination. Just look at the turn of events, all going against GT. Good luck, hoping isn't part of my investing or trading style.