Trina Solar and the meaning of "strategic partnership"
A couple of days ago Trina Solar announced a "strategic partnership" with the well managed Australian company Origin Energy*.
I think Origin is one of the best managed companies in that space in the world (but it is not exactly cheap...)
Origin also...
Radio National program on failures of the audit profession
Radio National is the earnest national public radio service in Australia. They recently ran an hour program on the audit profession and this blog and my views particularly on China got a mention.
You can find the program here - and it is worthwhile li...
Google and proprietary formats
Day-to-day I use an Ubuntu computer. The problem with open source is that every now and again you need a particular codec (say a way of encoding sound) or some other proprietary piece of software protected by a patent and you just can't do something.&n...
Four days and roughly flat
After four strange days this week we have made some mistakes (including owning a lot of Bank of America), cleverly covered some shorts and bought some longs on Monday (but limited our trading because of blind fear), made a few more mistakes, had some l...
Trina Solar: Somebody got lucky, but it was an accident
Trina Solar has become a minor obsession of mine. I was originally attracted as a fraud short as per many China names and there are plenty of red-flags. However it is not a typical Bronte China short because unlike other names we have been short (China...
Paul Krugman vs Mr Bean
Welcome to the newer readers from Paul Krugman's blog. It is the third time (I think) he has linked me and as per usual he brings a lot of traffic.
My post on margin calls is my second most visited post in the past year.
The most visited post ho...
Who has got the margin call?
Bronte Capital tends - as this blog has said many times - to be long large cap and relatively liquid companies at 10-16 PE ratios.
And we are short the wildest range of frauds, fads and failures you can imagine.
Our shorts are small and relatively il...
Are prospective expenditure matching funds in Trina Solar’s debt covenants?
Trina Solar buys polysilicon and sometimes wafers and sells finished solar panels. They used to talk about polysilicon processing costs and do their manufacturing at a large and impressive factory.
You can get an idea of the processes involved (b...
So that makes it alright then…
China Media Express (now defunct and exposed as a fraud) was once the highest conviction and highest stakes short-versus-stock-and-stock-promoter battle on Wall Street.
That mantle has now shifted to Harbin Electric a company which makes (or is that p...
Wage inflation in Australia (POST NOW WITHDRAWN)
This post is withdrawn - here is an IDENTICAL ADVERTISEMENT in another publication with ONE LESS ZERO.
http://www.seek.com.au/Job/shotfirer/in/rockhampton-capricorn-coast-rockhampton-capricorn-coast/20196165
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So the typo theory is clearly correct...
Google Plus thinks I am a social climber…
Google plus has a suggestion process as to who you might add to "circles".
Here - with only minor editing - are five consecutive suggestions made to me:
You see this right. Three of them are Larry Page, Sergey Brin and Mark Zuckerberg in order.
I kn...
