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Short-Selling Guru Jim Chanos Continues to Be Bearish on Chinese Banks

September 17, 2013 | About:
Canadian Value

Canadian Value

194 followers
The most recent highly publicized short is Caterpillar (NYSE: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:

About the author:

Canadian Value
http://valueinvestorcanada.blogspot.com/

Rating: 2.3/5 (4 votes)

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