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justplugit · 10-13-2011, 08:09 AM

Sunpower, a solar company in CA. received 1.2 Billion dollar loan from
the Stimulus Package on the last day $ could be distributed. It will help
the company and provide a whopping 15 new jobs.
Problem is the company posted a 150 million dollar LOSS for the first half
of 2011 and it's debt is 80% higher than it's outstanding shares.
They are also facing class action lawsuites for over stating earnings.

Financial geniuses, spending our money, comes to 80 million dollars
per job. Nice work.

10-13-2011, 08:09 AM	#1
justplugit Registered Grandpa iTrader: (0) Join Date: Nov 2003 Location: east coast Posts: 8,592	Sunpower Sunpower, a solar company in CA. received 1.2 Billion dollar loan from the Stimulus Package on the last day $ could be distributed. It will help the company and provide a whopping 15 new jobs. Problem is the company posted a 150 million dollar LOSS for the first half of 2011 and it's debt is 80% higher than it's outstanding shares. They are also facing class action lawsuites for over stating earnings. Financial geniuses, spending our money, comes to 80 million dollars per job. Nice work.
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