Thursday, January 24, 2013
Sky Is Not Falling at Trina Solar
Fears of an inevitable bankruptcy filing by Trina Solar (TSL-$5.02) are being catalyzed by the necessary refinancing of $778 million in short-term debt and irrational musings that $14 billion in off-balance sheet liabilities will need to be reclassified back on the balance sheet as debt.
Contrary to the hysteria being spread by Chicken Little and her bearish short-sellers, the sky is not falling in at Trina Solar, an examination of its reported finances suggests. As of September 30, the company’s capital structure was on sound footing, with the asset ledger holding some $600 million in unrestricted cash, a working capital surplus of $360.6 million, and only $13.8 million in interest-related servicing costs....
Continue Reading at YCharts: Short Sellers Disparage Trina Solar, But Our Man Tells a Different StoryEditor David J Phillips does not hold a financial interest in any stocks mentioned in this article. The 10Q Detective has a Full Disclosure Policy.