Now is a good time to sell these two stocks

Article Excerpt

Long-time readers know that we are constantly evaluating the stocks we recommend to see if they should remain in the Power Growth Investor newsletter. Although most stocks have dropped in the current market downturn, we feel top-quality shares will be among the first to rebound. However, some, specifically Sasol, have problems that will likely block recover anytime soon. Others, like ATN International, have already bounced back, but have limited growth prospects ahead. We now see them as sells for TSI Power Growth Investors. SASOL LTD. (ADR) $2.28 (New York symbol SSL; TSINetwork Rating: Extra Risk) (www.sasol.com; ADRs outstanding: 626.0 million; Market cap: $1.5 billion; No dividends paid) is South Africa’s third-largest coal producer and is the world’s largest maker of fuel from coal. Sasol also produces chemicals and oil and gas at the facility. The stock is down 90% since the start of this year. The recent oil price plunge has highlighted Sasol’s huge debt burden. Sasol had projected that oil prices would remain at around $50 to…

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