Best Wind Power Stocks 2010
Although not quite as macabre, I do see a similar situation in the way most of us played the market this year. Our options were to “safely” stay on the sidelines, not making a dime; or to study the unreliable ebbs and flows of a very confused market and attempt a profit.
As CEO’s do best, Richard Thompson tried to put a positive spin on the resutls.& 160; ‘Power-One gained significant customer wins in the third quarter, as we expanded revenue in high growth solar markets, such as India and other regions in Asia.& 160; Despite difficult global macroeconomic conditions that impacted both SBUs, we generated $59 million of operating cash flow and ended the quarter with $183 million of cash and cash equivalents.’& 160; Traders aren’t buying it with the stock down more than 7% in early trading.& 160; Technically, this is a stock that remains in a firm downtrend and should continue to be avoided.





