Savvy Trades and Investments

[2morrowsGains]

MY...Did a little more digging on offshore wind turbines. Vestas (and maybe a few others) are also working on large turbines for offshore. Vestas has an 8MW turbine they are testing. MW is pretty much equal to MingYang's turbine..."increasing [the nameplate capacity] from 6MW to 8MW won’t be a problem".
So I'm not sure the statement "Ming Yang's Super Compact Drive (SCD) 6.5 megawatts Wind Turbine Generator (WTG) is the largest capacity in the world" is true. Maybe it should read, "one of the largest in the world".
Anyway, there's more to these wind turbine's than MegaWatts and I just don't understand the whole picture.

What I do understand is MingYang is the 3rd largest wind tubine company in China and ranks 8th worldwide, they are profitably growing, they are diversifying nicely (see cc notes), they have decent cash even after paying off a chunk of debt a couple months ago, market cap is only approx $371M, book value is over $4 a share, and they are trading at a forward PE of less than 10 based on 2015 projections.

I have no idea where the share price goes from here, but it was nice to see a close over $3 on Friday when the market in general was a sea of blood.
BTW, Q1 will probably be the weakest Q of the year, so it'll be interesting to see if MY pulls back a notch on earnings. Guess it will depend on forward guidance.