China BAK Battery

CBAK-Q

NASDAQ:CBAK

0.91
0.01 (1.33%)

Analysis and Opinions about CBAK-Q

Signal
Opinion
Expert
SELL
SELL
March 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.
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.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$1.810
Owned
No
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