Steve Hach's  Instablog

Steve Hach
Send Message
Steve Hach is the Senior Editor at ValuEngine.com, a Newtown, Pennsylvania-based stock valuation and forecast service. ValuEngine utilizes Ivy League financial research as the basis for its coverage of more than 7000 US, Japanese, and Canadian, and other foreign stocks. Hach utilizes... More
My company:
ValuEngine
  • ValuEngine Forecast Model Scores Again with Trina Solar (TSL,$TSL) Short Pick  0 comments
    Sep 21, 2011 2:10 PM | about stocks: TSL

    ValuEngine Forecast Model Scores Again with Trina Solar (TSL,$TSL) Short Pick

    For today's bulletin, we take a look at yet another short pick in the solar industry, Trina Solar (TSL,$TSL). Trina is the latest Energy Sector short-side pick for our Forecast 16 MNS Newsletter portfolio. As of today, Trina is down more than 10% since our rebalance last Thursday and is leading our short side. This follows on the heels of last month's success with another short solar pick--LDK Solar.

    TRINA SOLAR LTD has developed a vertically integrated business model from the production of monocrystalline ingots, wafers and cells to the assembly of high quality modules.They are led by an international management team from several different nations. Trina uses partnerships with suppliers in Switzerland, Italy and Germany which provide the latest technology for the company's production facilities in China.

    ValuEngine has issued a SELL recommendation for TRINA SOLAR LTD on Sep. 21, 2011. Based on the information we have gathered and our resulting research, we feel that TRINA SOLAR LTD has the probability to UNDERPERFORM average market performance for the next year. The company exhibits UNATTRACTIVE momentum, expected EPS growth and volatility.

    Based on available data as of Sep. 21, 2011, we believe that TSL should be trading at $22.32. This makes TSL 63.99% undervalued. Fair Value indicates what we believe the stock should be trading at today if the stock market were perfectly efficient and everything traded at its true worth. For TSL, we base this on actual earnings per share (NYSEARCA:EPS) for the previous four quarters of $3.33, forecasted EPS for the next four quarters of $1.99, and correlations to the 30- year Treasury bond yield of 3.21%.


     

    Valuation & Rankings

    Valuation

    63.99% undervalued

    Valuation Rank

    93

    1-M Forecast Return

    -1.04%

    1-M Forecast Return Rank

    4

    12-M Return

    -69.77%

    Momentum Rank

    4

    Sharpe Ratio

    -0.26

    Sharpe Ratio Rank

    40

    5-Y Avg Annual Return

    -22.87%

    5-Y Avg Annual Rtn Rank

    26

    Volatility

    89.08%

    Volatility Rank

    15

    Expected EPS Growth

    -40.21%

    EPS Growth Rank

    5

    Market Cap (billions)

    0.63

    Size Rank

    61

    Trailing P/E Ratio

    2.42

    Trailing P/E Rank

    98

    Forward P/E Ratio

    4.04

    Forward P/E Ratio Rank

    96

    PEG Ratio

    n/a

    PEG Ratio Rank

    n/a

    Price/Sales

    0.27

    Price/Sales Rank

    87

    Market/Book

    0.52

    Market/Book Rank

    90

    Beta

    3.19

    Beta Rank

    4

    Alpha

    -0.86

    Alpha Rank

    3


     

    Click HERE to Sign Up for ValuEngine's Best Performing Newsletter


     

    MARKET OVERVIEW


     

    Summary of VE Stock Universe

    Stocks Undervalued

    85.21%

    Stocks Overvalued

    14.79%

    Stocks Undervalued by 20%

    56.48%

    Stocks Overvalued by 20%

    4.86%

     

     

     

    SECTOR OVERVIEW

    Sector

    Change

    MTD

    YTD

    Valuation

    Last 12-MReturn

    P/E Ratio

    Aerospace

    -1.43%

    -4.90%

    1.42%

    21.16% undervalued

    3.21%

    16.45

    Auto-Tires-Trucks

    -1.51%

    -5.09%

    -31.46%

    26.19% undervalued

    9.05%

    16.62

    Basic Materials

    -1.09%

    -4.88%

    -16.97%

    21.45% undervalued

    16.69%

    30.8

    Business Services

    -0.81%

    -1.92%

    -7.80%

    21.68% undervalued

    1.34%

    37.36

    Computer and Technology

    -1.92%

    -2.82%

    -10.68%

    23.49% undervalued

    4.55%

    32.38

    Construction

    -1.44%

    -6.16%

    -27.73%

    29.91% undervalued

    -13.29%

    34.56

    Consumer Discretionary

    -1.53%

    -3.12%

    -12.99%

    21.48% undervalued

    5.26%

    24.59

    Consumer Staples

    -1.07%

    -3.12%

    -15.67%

    17.19% undervalued

    1.15%

    15.91

    Finance

    -1.07%

    -3.80%

    -12.34%

    21.86% undervalued

    -3.35%

    23.36

    Industrial Products

    -1.80%

    -5.54%

    -17.17%

    24.89% undervalued

    6.90%

    22.08

    Medical

    -1.10%

    -2.74%

    -4.92%

    25.13% undervalued

    5.18%

    25.24

    Multi-Sector Conglomerates

    -0.79%

    -4.39%

    -15.90%

    19.48% undervalued

    2.74%

    20.7

    Oils-Energy

    -1.53%

    -5.70%

    -18.43%

    22.16% undervalued

    17.71%

    36.74

    Retail-Wholesale

    -1.63%

    -1.65%

    -3.57%

    18.02% undervalued

    13.66%

    24.49

    Transportation

    -1.89%

    -5.46%

    -17.15%

    21.74% undervalued

    -6.99%

    20.63

    Utilities

    -0.16%

    -2.75%

    -4.26%

    7.14% undervalued

    7.75%

    24.63

     

    Stocks: TSL
Back To Steve Hach's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.