Thursday July 31, 2014


Run Number Two at the Greek Hovel
My second pair of trousers set for retirement at The Greek Hovel – weight loss update
Transport Issues at the Greek Hovel – Luckily I am Steve Frigging McQueen

PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

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Sell Trina Solar at $4.51 - Target Price cents ( another China play)

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- Tom Winnifrith

Last week in this forum I flagged up two Chinese solar stocks which were, for all intents and purposes, worthless as investments. A kind reader alerted me to a third company in the same boat which looks like a stock to short with a price target of more or less nothing. I refer to Trina Solar (TSL), which at $4.51, is capitalised at $318.76 million.

I will not rehash the arguments why I am uber skeptical about China, its slumping economy or about the macro-reasons why the oversupply of solar panels is bound to continue. Nothing has changed in that respect since last Thursday

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