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Solar: Carmanah... (fka cmh.V) RSS Feed

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06/25/05
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BEST Alternative Energy stock: CMH.V/CMHXF.PK @$2.88 PROFITABLE fast growing (70%/year over 6 years) Solar stock with a twist that makes it profitable, controls 60% of the Solar Panels market in Canada through the recent acquisition of Soltek. http://www.carmanah.com/content/investors/ShowNewsRelease.aspx?id=050525 http://www.carmanah.com/ 32.2 million shares outstanding, combined revenue: $33.4 million, EPS .04, $8.8 million cash http://www.carmanah.com/content/investors/ShowNewsRelease.aspx?id=050421 The twist that makes CMH.V profitable is that it's also involved in the new super efficient technology of L.E.D lighting, which it has combined with solar panels to produce a whole range of self-contained lighting applications for marine, aviation and every day life: http://www.carmanah.com/content/products/technology/LightEmittingDiodes.aspx http://www.carmanah.com/content/products/technology/solarpowersystems.aspx This set of 27 slides aptly summarize the company: http://www.carmanah.com/content/investors/investorpresentations.aspx The Solar Cells market worlwide and how CMH.V fits in... http://www.carmanah.com/content/investors/ShowMediaClipping.aspx?id=050619 Comparison with ESLR:
Stock      O/S              Revenue           EPS         price          High
ESLR      61 mil            31 mil            -.48        $6.16          $8.23
CMH.V     32 mil            33.4 mil          +.04        $2.90          $3.35
Conclusion: There are NO companies in the Alternative Energy arena that are currently profitable and have grown yearly Revenues at the rate of 70% for the last 6 years. PE's are useless to determine a share price, since all other companies are losing money. However, by comparison to other well known companies, such as ESLR one can make a fair assessment of where CMH.V should be trading, hence my primary target for this stock is $8.50, with $12.00 attainable within 6 months...
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