Thanks again for starting this board <g>.
Finally got around to buying a wind company- CPTC.ob
Growing at 40% a year, should become profitable in a year or two. This one is a little different from my normal value plays, as it more of a growth story stock.
Composite Technology Corporation engages in the development, manufacture, and marketing of renewable and energy efficient electrical energy products. The company operates through two segments, CTC Cable and DeWind. The CTC Cable segment sells aluminum conductor composite core (ACCC) conductors, a composite core overhead electrical transmission conductor, as well as manufactures and sells the composite core component of the ACCC conductor and various accessories. ACCC conductors enable grid operators to reduce blackouts and brownouts, providing a 'reserve electrical capacity' by operating at higher temperatures without significant thermal sag of the lines. This segment markets its cable to public, private, and governmentally owned utilities and transmission line operators. The DeWind segment designs, produces, and sells wind generation turbines in the 1.25 and 2.0 megawatt range under the brand name DeWind. It markets its wind turbines directly to wind farm operators. The company also provides consulting services related to the engineering, design, and installation of product sale solutions. It markets its products in the United States and Canadian markets, through a distribution and purchase agreements with General Cable Industries, Inc.; and directly through its subsidiary, CTC Cable Corporation. The company also offers its products in Europe and China. Composite Technology has a strategic alliance agreement with TECO-Westinghouse Motor Company. The company was founded in 1980 and is headquartered in Irvine, California.
The Company recorded quarterly revenue for the second fiscal quarter of 2008 of $21.5 million, an increase of 155% compared to revenue of $8.4 million for the comparable fiscal 2007 quarter and an increase of 18% compared to the December 31, 2007 quarter's revenues of $18.2 million. For the six months ended March 31, 2008 revenues totaled $39.7 million, an increase of 126% over the similar 2007 period of $17.6 million.
Chart show pretty good support at the dollar level, and I think it will double from here within a year, so a longer term play for me <bg>.
Still looking for a pullback on MMGW for additional exposure in the sector.
AI
