Is the Sun Going Down on Suntech

[Jason]

Suntech Power is one of the leading manufacturers of solar panels in the world. But maybe not for long. Suntech missed a $541 million bond payment last Friday and some analysts are saying that the company is on the brink. Suntech has been adjusting its strategy to stay alive as solar panel prices continue to fall and demand declines. Even if the Suntech exited the competitive solar manufacturing market, there are still plenty of manufacturers that are poised to fill the void.

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[Sunking]

It is not only Suntech but the same can be said for all solar panel manufactures. Most will go bankrupt. You cannot stay in biz if it cost you $2 to make your gizmo, and have to sell sell it for $1.90. Most folks do not know most of the manufactures are technically already out of biz as they have shut down manufacturing and production. All they are doing is liquidating stock to cash out before they file for bankruptcy and let the Bond Holders get stuck with worthless paper.

[Naptown]

It is not only Suntech but the same can be said for all solar panel manufactures. Most will go bankrupt. You cannot stay in biz if it cost you $2 to make your gizmo, and have to sell sell it for $1.90. Most folks do not know most of the manufactures are technically already out of biz as they have shut down manufacturing and production. All they are doing is liquidating stock to cash out before they file for bankruptcy and let the Bond Holders get stuck with worthless paper.

Looks like you lost a few billion on that deal

[Lomag]

SunTech declares bankruptcy today

http://www.usatoday.com/story/money/business/2013/03/20/suntech-bankruptcy/2002429/

[Sunking]

SunTech declares bankruptcy today

http://www.usatoday.com/story/money/...uptcy/2002429/

STP do not let the door hit you in the butt on the way out. Another one bites the dust.

[SoCalsolar]

Sunking

Shi - once dubbed the 'Sun King'

now we know that Derek is only a nick name and he's a multi-millionaire.

[Rdjntx]

Interesting article in the Washington Post's Business section today regarding SUNTECH

http://www.washingtonpost.com/business/economy/chinese-solar-panel-maker-flames-out/2013/05/03/9b7f29d6-ac2c-11e2-9493-2ff3bf26c4b4_story_3.html