I've been intrigued as all get out by Jim Cramer's bullishness on FSLR (although I'm told that recently he's been recommending MO). Here's a quote from December 17:
...FIRST SOLAR (NASDAQ:FSLR) is major, despite today's 7% sell-off [$231.97 close -Climateer]; up over three-fold since his recommendation in March 2007. This one avoids the silicon wafer shortage in solar power. He likes the contracts that are signed for over $6 Billion out to 2012 and that is now a baseline for the next five years. He also likes that they produce for less and increase capacity. Even over $200, Cramer said it trades at 24-times 2010 earnings. He thinks that the forecasts may end up being too low.Now Mr. Cramer said FSLR had earnings visibility but 2010? 24x?
I've probably got a different discounting algorithm on my slide rule.
Here's the line that made me smile:
On tonight's MAD MONEY on CNBC, Jim Cramer reviewed another Warren Buffett strategy by reviewing holdings to see if they are worth piggy-backing on. Here is a brief summery of Cramer's opinion on Warren Buffett's current holdings in Berkshire Hathaway (BRK/A):
Burlington Northern SantaFe (BNI)....Cramer says he's dead on with this and it's a good pick; Buffett holds more than 10% now.
Mr. Buffett* was not available for comment.
Both quotes via 24/7 Wall Street.