Wednesday, April 27, 2011

Solar Energy

Apparently the consensus on wall street is that solar energy companies are completely dependent on government subsidies, and so have no future. The Chinese solar companies I own are all down a lot in value, because not only are they solar, but they are Chinese. A lot of Chinese companies bought US shell companies since this was an easier way to get listed on the US market, but that has started to be considered dishonest. Also, quite a few Chinese companies  who appeared to have plenty of cash on hand, sold more shares for no good reason except to have cash for paying off their relatives. Thus, most Chinese companies are now thought  by cows to be crooked (and actually, they know quite a bit about that)

No comments:

Post a Comment