A Chronology of the Greek Contagion as Risky assets take another Big Fall
May 20, 2010Another Green IPO in India – Electric Vehicle maker Kabirdass to raise $15 million
May 21, 2010Jinko Solar is fundamentally a low quality stock.I wrote about Jinko’s IPO a few days ago pointing out the severe shortfalls that the company suffers from– Green IPO Jinko Solar Analysis – Extremely Low Quality Offering Seems to be Done in Desperation
The 23.6% GM is a one off I think and it will be tough for the company to maintain it in the long term.It might benefit temporarily from low spot polysilicon prices but that won’t last long . With small scale,high transportation costs,little experience and no differentiation it is remains a highly risky stock with very little chance of any upside in my opinion.Currently at 2:15 pm EST It has underperformed both the S&P and the sector ETF since it has listed.
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I loved your article.Thanks Again.