Opinions
David Driscoll
China BAK Battery
CBAK-Q
SELL
Mar 31, 2011
When you buy speculative stocks, it’s very important that you own a basket of them so that maybe 2 of them will pay for the other 8. This case is the lithium ion batteries and sales in Tai Wan and India have fallen off a cliff. Earnings have gone down and sales have flat lined and are running out of cash. Leveraged to about 2 to 3 times equity.
$1.810
Stock price when the opinion was issued
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