Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of solar panel maker Trina Solar
So what: Investors are spooked because Peter Mak resigned from the board, and he was also the company's audit committee chairman. If you've been following Chinese stocks at all this year you know that when there's a shakeup in the audit committee at one of these companies, investors perk up their ears. Today, they're just running for the hills.
Now what: Late last week I asked if solar stocks were too good to be true, and this was one of the risk factors I pointed out. We just don't know exactly what we're getting into with Chinese stocks. This may be a complete overreaction by the market, but I would be much more comfortable in U.S.-based companies First Solar
Interested in more info on Trina Solar? Add it to your watchlist.
