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Short-Selling Guru Jim Chanos Continues to Be Bearish on Chinese Banks
Posted by: Canadian Value (IP Logged)
Date: September 17, 2013 04:06PM
The most recent highly publicized short is Caterpillar (CAT) which he is short because he believes the commodities boom is ending.
Chanos is also short other non-Chinese companies that will suffer from a decrease in the China boom.
Chanos thinks being short commodity producers that are highly leveraged as a result of acquisition sprees is a good idea.
He offsets those short positions with more diversified companies in the sector with better balance sheets.
Watch the video below for more from Chanos:
Guru Discussed: Jim Chanos: Current Portfolio, Stock Picks
Stocks Discussed: CAT,