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INTRO Here's my semi-annual exercise to see if I remember why I own the stocks I own, and so I can check back and see if their stories have changed. I post in case it helps others too.

Real Goods Solar
RGSE (was RSOL, market cap was $0.134B mid14 is $0.025B EOY14)
Real Goods Solar is an old solar power company that began by emphasizing off-the-grid solutions to environmentalists and very rural people, expanded, was acquired or merged into Gaiam (GAIA), spun off as a contractor for non-residential solar installations in key markets, then added back the DIY crowd, and now has a stock (RGSE) that has dropped more than 80% in less than a year despite being in the very attractive and growing solar energy market. Evidently, something is wrong.

Financially, they are expected to have a record year in 2015. Competitors traded at much higher premiums even before the 80% fall. The recovery premium potential is much higher now. There is a major caveat, though. As one of the senior solar companies, RGSE should be even more aware of market fluctuations, contingency plans, technology advancements, policy shifts, and competitive pressures. The company has been around for a long time, but there has not been a single, clear, persistent business strategy. With a price to sales of about a quarter, even returning to a price to sales of one with no growth would be a four-fold increase in the stock price. Unfortunately, the market has lost confidence in the stock, and I haven't seen anything from the company that would suggest the situation will change. They have the potential for very good revenues. They have the potential for a very large stock price appreciation. I don't know the good news will arrive before the bad.

DISCLOSURE LTBH since the mid-2008 IPO. I sold some for diversification and will be interested in buying back in if management convinced me they had a clear strategy, and if my other stocks appreciate first.
(I've also collected links to the other discussion boards and my other stocks over on my blog http://trimbathcreative.wordpress.com/2014/12/31/semi-annual...)
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