I just bought 11 SUNTECH POWER (STP) solar panel producer because of today G8 climate deal June 7, 2007Posted by deminvest in China stock, growth stock, investment, risky investments, Single stocks, Social investing, stock I own, stocks, STP, suntech.
Big news of today: “World leaders agreed on Thursday to pursue “substantial” but unspecified cuts in greenhouse gases and pledged to reach a United Nations deal by 2009 on long-term measures to fight global warming.”
Being greedy, like just poor people can be, I am not only happy for my dear planet Earth, but I also want to make some bucks of today’s news!
Who will benefit? Solar panel producers I guess.
Where will most solar panels produced? In China of course, just like everything else.
Who is China’s largest solar panels producer? Suntech Power Holdings Co. Ltd. (NYSE traded with ticker STP)
Is it a good company? Yes it is: Forward P/E 20.32: honest. Quarterly Revenue Growth (yoy) 174.50% : wonderful! Quarterly Earnings Growth (yoy) 35.10%: nice.
It’s a buy!
I bought 40 STP shares at $33,4051 Each, spending a a total sum of $ 1.336,2.
I am very confident about this investment. I know I shouldn’t be. I know often when I am confident I make mistakes…
Let this not be the case!