tag:blogger.com,1999:blog-2335748440449035592.post2662192064314681430..comments2008-10-21T02:14:35.370-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2335748440449035592.post-13878375176043514872008-10-21T02:14:00.000-04:002008-10-21T02:14:00.000-04:00SunPower's P/E is low because they re-invest their money. I just came back from their annual dealer meeting at the Solar Expo in San Diego and bought 100 shares. They are strong, smart, have BIG plans and are very well managed. Alternately, I wouldn't sell a Chinese panel to my worst enemy and I wouldn't invest long-term in any Chinese company unless I personally knew the managers for ten years. I'm sure there are well run and honest Chinese companies but the reps I've talked to sure haven't conveyed that.sfmarkhttp://www.blogger.com/profile/15418615374725546072noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-84330471039714023602008-10-16T21:27:00.000-04:002008-10-16T21:27:00.000-04:00It isn't just solar or wind.. It is anything Chinese. If you read 'Becoming Your Own China Guru', the author "James Trippon" discusses the pitfalls of investing in China. In particular, he notes the lack of transparency and quality bookkeeping and problems with the State Owned Enterprises (SOC).. If you follow Michael Pettis' blog, he fills in some of the blanks in China's financial side. <BR/><BR/>Compare Tyson (TSN) to Xonping (HOGS) and you'll find that HOGS revenue growth, earning growth, free cash flow and debt/equity beat the pants off TSN, and they've just opened a new processing plant that will up their output by 40%... Yet look at the stock action. <BR/><BR/>The same is true of energy equities such as CEO, solar, medicine (course, you have to scrape the melamine off your pills...) and even internet stocks.. Compare the numbers for YHOO, GOOG, BIDU, SINA and SOHU... Look at the growth and revenue growth of SOHU, and you'll understand why the CEO/Owner of SOHU outbid everyone for a luch with Warren Buffet... <BR/><BR/>I think though that you need to buy these stocks on dips and expect them to be a little rocky. And I'd seriously consider stocks like SOHU, CHL or HOGS that have internal velocity and are not competing in the world market. In our market, I suspect as the dollar strengthens, Chinese stocks will also have a harder time competing against the US. <BR/><BR/>jeganjeganhttp://www.blogger.com/profile/05850061548373752817noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-85639853251595591192008-10-16T13:26:00.000-04:002008-10-16T13:26:00.000-04:00No trust at all. The Fast Money guys laugh at them as if they aren't real companies. Cramer was very negative on the solar/wind sector. Should've known when he developed the WINDex it was time to sell. Guess our key will be figuring out when a level of trust re-emerges and that probably has alot to do with the expected price of oil.Stonefoxcapitalhttp://www.blogger.com/profile/00583540825602471042noreply@blogger.com