Timothy Pereira

Are You Short or Long China?

First of all, Renesola had a 52 week high of $14.19 and priced it's IPO at $13. $82 is inaccurately shown on Yahoo! Finance and is wrong.

Secondly, China Finance Online has a P/E of 42 based on 2007 earnings. You may be using Yahoo!'s data again, which is dated.

Finally, The reason why Home Inns trades at a high PEG is that they are spending a lot of money building new hotels. Once the pace of expansion slows, capex will shrink and profits will expand.

I don't own any of these companies and have no intention of doing so. Baidu, Shanda and Ctrip are much better investments in my opinion.