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	<title>Battle Road Research Blog &#187; Earnings Skeptic</title>
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		<title>Quality of First Solar’s Q1 Earnings in Question</title>
		<link>http://www.battleroadblog.com/2009/05/01/quality-of-first-solar%e2%80%99s-q1-earnings-in-question/</link>
		<comments>http://www.battleroadblog.com/2009/05/01/quality-of-first-solar%e2%80%99s-q1-earnings-in-question/#comments</comments>
		<pubDate>Fri, 01 May 2009 14:36:44 +0000</pubDate>
		<dc:creator>Dave</dc:creator>
				<category><![CDATA[Earnings Skeptic]]></category>
		<category><![CDATA[Sun Spots]]></category>
		<category><![CDATA[FSLR]]></category>
		<category><![CDATA[solar]]></category>

		<guid isPermaLink="false">http://www.battleroadblog.com/?p=83</guid>
		<description><![CDATA[While reviewing First Solar’s first quarter earnings, we were surprised by the dramatic rise in receivables on a decline in revenue. The company generated revenue of $418 million, down four percent sequentially, while its accounts receivable balance rose 300 percent, from $60 million to about $180 million. This had a substantial negative effect on the [...]]]></description>
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		<title>ESI bad debt expense expected to rise in 2009</title>
		<link>http://www.battleroadblog.com/2009/04/22/esi-bad-debt-expense-expected-to-rise-in-2009/</link>
		<comments>http://www.battleroadblog.com/2009/04/22/esi-bad-debt-expense-expected-to-rise-in-2009/#comments</comments>
		<pubDate>Wed, 22 Apr 2009 18:02:51 +0000</pubDate>
		<dc:creator>Young</dc:creator>
				<category><![CDATA[Earnings Skeptic]]></category>
		<category><![CDATA[APOL]]></category>
		<category><![CDATA[ESI]]></category>

		<guid isPermaLink="false">http://www.battleroadblog.com/?p=71</guid>
		<description><![CDATA[During the current recession, one sector has performed well relative to the market. Enrollments in for-profit postsecondary schools are currently at record levels. Many laid off workers as well as currently employed workers are flocking back to school in order to make themselves more marketable. Despite record growth, we are starting to see some hesitation [...]]]></description>
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