Friday, July 18, 2008

Trina Solar: "The Next 5 Stocks to Buy?" (TSL)

As we saw in "Trina Prices, Market Slices (TSL)", $33.88 is the conversion price for the convertible notes that Trina just sold. TSL last traded at $28.45.
From Motley Fool*:

...CAPS is a 110,000-member investor community that rates thousands of stocks on whether they will outperform or underperform the market. While it's not a predictive service, in its first year of operation, the trailing returns of the stocks in the CAPS universe correlated precisely with their relative CAPS ranking. Top-rated four- and five- star stocks outperformed low-rated one- and two-star stocks.

Here are a few of the other newly beloved companies the CAPS screener found:

Company

CAPS Rating January

CAPS Rating Today

PE

PEG*

AutoZone (NYSE: AZO)

**

***

12.3

1.0

BCE

**

***

8.4

5.6

KLA-Tencor (Nasdaq: KLAC)

**

***

17.0

0.6

Lowe's (NYSE: LOW)

**

***

10.2

1.1

Trina Solar (NYSE: TSL)

**

***

17.1

0.2

Source: Motley Fool CAPS; Morningstar.
*For next fiscal year.

Naturally, this is not a list of stocks to buy and sell -- just a starting point for further analysis. Investors have raised their outlook significantly on these companies, and it may mean there is still room to move....

*Please note, this ain't Value Line but if they can get the same kind of quintile results it will be worth watching.