Savvy Trades and Investments

[2morrowsGains]

MY...Heading into earnings....Q3 & Q4 will show strong results with 2016 being the eye-opener!!! 2017 will show strong offshore wind growth. Just my opinion though.
Nice to see MY close above $2 on Friday.
I re-read Ming Yang's Q2 cc transcript over the weekend and re-looked at rev / earnings estimates and can't believe MY has been trading in the $1.80's and $1.90's the past few weeks. I took advantage of the low stock price and hopefully it will turn out to be a nice buying opportunity. Time will tell.
BTW, if MY trades under $2 after releasing Q3 #'s, I will be quite shocked, but feel there is very little downside risk at these prices. Also, this is from the cc re RE Energy acquisition...

"So after consolidation of REnergy, after acquisition, we are expecting that our purchase cost from the REnergy will be substantially lower because of the elimination of the intercompany sales margin and we expect our gross profit margin will be increased by 3% alone because of the acquisition of REnergy and this effect will be visible to the financial statement in the first quarter of 2016. So together with the improvement in gross profit margin as a result of this increase in average selling price of the wind turbine there will be significant improvement in gross margin next year and also at the coming two quarters of the year."
http://finance.yahoo.com/news/edited-transcript-earnings-conference-call-234904656.html