As oppose to spending all that money on this hard to understand fund, they should be increasing capacity to meet the huge backlog of orders that quarter after quarter doesn't get fulfilled. I'm afraid we simply have incompetent management here and a rubber stamp board. No wonder this is selling for 2 dollars and no one is interested.
Today's announcement was baffling, as to how we shareholders are going to benefit from the 1 billion investment in this new fund. I can only see how it benefits the chairman of MY.
Yesterdays short hit from the joke of an analyst kept it down. It didn't work too well as the day progressed and I think it will explode today. The shorts are going to consider covering before their profit evaporates.
So this is trading at a forward 4 pe, and it's a growth company in a growth area of the chinese economy. Everything I know about the stock market tells me this is a screaming buy. I also read today that breathing the air in the chinese capital is the equivalent of smoking 47 cigarettes a day. Solar and wind have to boom, or the entire chinese population is going to be dying of lund cancer!
I've seen earning estimates of around 90 cents, but shouldn't the earnings be much higher than that? I'm trying to figure out was the PE for TSL. It should be one of the lowest in the industry.
Same thing happened to Trina Solar, which reported blowout record sales and earnings, and the shorts there had the stock in negative territory for most of the day. Trina also has a large short position.
Yes, I noticed that. But we are back to the problem with MY. Down .14 cents after a fairly good earnings report, which I attribute solely to the shorts, which are not letting go. Instead, they are doubling their efforts to keep the price down. Market makers are cooperating and are walking the price down with impunity.
I agree it has not happened recently. But things should change when they shortly announce record sales and earnings and give more of the same forward results.