Obviously none of you eternal stp believers never really looked closely at the numbers or otherwise you would have known to swap out of stp for tsl when stp was 10-20 points higher, as I've been trying to rationalize with you guys for over a year now. Now what? tsl is triple stp's price?

Because of currency effects, stp should maintain stable margins for Q3, but they will be under margin pressure if asps continue to decline as originally estimated by most similar peers in Q4, ie around 10% further asp decline. stp still suffers from higher absolute silicon input costs, and higher level of absolute inventory levels, so most likely they will have the lowest gross margins among similar module producing peers. It's probably that even solf will earn a higher eps than stp for Q3, and they are less than half stp's price? Here's my last post on stp's metrics. Of course since then, stp continued to decline while tsl went up.

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