Why is it trading at 1.5X PE seems to be the question.... Forward PE is also at about 4X...
I think investors just don't like this company and the growth seems to be way too low for their liking. In fact, negative growth has been factored into this wonderful company.
Let's take a technical perspective for traders who would like to play this game.
Look at the VOLUME... Everytime theres a huge volume, JINKO will be on its way down. However, after about 3 days to 10 days after that high volume trading days, JINKO will have a nice short squeeze allowing some nice 20% profit.
Looking at today, JINKO is about 3 days away from its bottom. Let's put this on our radar. I think $4.85 seems like a reasonable entry to get this good stock. GOOD according to analysts. BUt it is jinxed.
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