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 ThursdayRead the full article on SeekingAlpha | Comments